I got dinged for "extra income" that I had to take out of my VIP to give to my ex during the divorce. IRS didn't understand "I DIDN'T EARN AN EXTRA $20,000!!!".
For more information, please go to http://pdp.web.boeing.com/cis.
S. Craig Proctor
CIS Access Administrator
Phone: 425-234-1461 CIS Hotline : 425-234-1480
Pager : 206-416-5117 FAX : 425-237-3287
Accurate information facilitates accurate action
-----Original Message-----
From: Johnson, Tracy [mailto:[log in to unmask]]
Sent: Thursday, February 19, 2009 10:35 AM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: was Interex Bankruptcy filing now Stimulus miss-information
Yes, people forget, if your debt is ever written off, it is counted as income.
There was an old IT recruiter in Manhattan Beach, told me a similar story about his apartment building about 15 years ago.
Tracy Johnson
Business Analyst
Measurement Specialties, Inc.
1000 Lucas Way
Hampton, VA 23666
Office 1-757-766-4318
[log in to unmask]
www.meas-spec.com
> -----Original Message-----
> From: HP-3000 Systems Discussion
> [mailto:[log in to unmask]] On Behalf Of Craig Lalley
> Sent: Thursday, February 19, 2009 1:32 PM
> To: [log in to unmask]
> Subject: [HP3000-L] OT: was Interex Bankruptcy filing now Stimulus
> miss-information
>
> Jeff,
>
> I am sure you know by now that the government always, always gets it's
> share first.
>
> I was speaking with an Accountant yesterday, and he was discussing
> some of his current problems. One is dealing with people who
> renegotiate their mortgages. One customer renegotiated his Mortgage
> and received a $25,000 reduction of principle.
>
> The customer was thrilled that the back 'forgave' the 25k, but wasn't
> so happy to find out, he now owes taxes on the $25,000 he never had.
>
> -Craig
>
>
> --- On Thu, 2/19/09, Jeff Kubler <[log in to unmask]> wrote:
> From: Jeff Kubler <[log in to unmask]>
> Subject: Interex Bankruptcy filing
> To: [log in to unmask]
> Date: Thursday, February 19, 2009, 12:18 PM
>
> To all;
> Anyone else get a notice of Interex's Bankruptcy Settlement with a
> date of March 18th in the Northern District Court of California?
> Interesting to look at those getting about 10% of their money back....
> Notice the Tax Collector got paid in full.
> I wonder what the Hungarian News Agency was doing with interex?
> See the bath HP took for killing the event? $200,000 plus.
> Thanks,
> Jeff
>
>
> Jeff Kubler
> Kubler Consulting, Inc.
> 541-745-7457
> [log in to unmask]
> www.kublerconsulting.com
>
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