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RISMEDIA, April 13, 2009-With just a few days left to file income tax returns for 2008, Jackson Hewitt Tax Service is reminding tax filers of another important tax deadline on April 15: the deadline to file or amend returns for tax year 2005. The Internal Revenue Service (IRS) ecently reported that it has $1.3 billion in unclaimed refunds for people who did not file a 2005 return. In addition to standard refunds, some individuals who did not file may have been eligible for the Earned Income Tax Credit, which could put even more money in their pockets.
RISMEDIA, April 10, 2009-(MCT)-Slightly more than half of Americans think the U.S. economy has stabilized, and almost three in every four think it will take longer than six months for a massive economic stimulus program to be felt, an Ipsos-McClatchy tracking poll showed. A separate survey released by Ipsos, done for the Royal Bank of Canada, showed the first significant boost in consumer confidence since September 2008, when the global financial crisis erupted.
RISMEDIA, March 31, 2009-As the tax deadline approaches, many Americans have refunds on their mind. While the arrival of a refund once meant a shopping spree to many, this year, Americans are skipping the spring sales to boost their savings and eliminate debt, according to a new survey released by ...
RISMEDIA, March 26, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending March 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1159.4, an increase of 32.2% on a seasonally adjusted basis from 876.9 one week earlier. On an ...
RISMEDIA, March 25, 2009-(MCT)-Yesterday's announcement by Treasury Secretary Timothy Geithner that disclosed the details of the long-awaited and highly-anticipated $1 trillion plan to relieve the nation's banks of the bad debt that has crushed lending and helped put the country into a recession has some economists and business experts unsure ...
RISMEDIA, March 28, 2009-(MCT)-Treasury Secretary Timothy Geithner took the wraps off a long-awaited key component of the Obama administration's bank rescue plan, detailing a public-private partnership to buy up the so-called toxic assets that are polluting bank balance sheets. ...
RISMEDIA, March 24, 2009-(MCT)-Insider lending amid a credit crunch and bailouts is not as uncommon as many would believe, as banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy. ...
RISMEDIA, March 24, 2009-(MCT)-As April 15 approaches and taxpayers scramble to complete their tax returns, it's critical that they take extra care to guard their personal information. Consider what's exposed and vulnerable: your Social Security number, address, name and financial information. According to the Identity Theft Resource Center, "These numbers can be a gold mine for identity thieves. Your personal information can enable a thief to obtain a job, open up new lines of credit, access existing financial accounts or stock portfolios, get welfare, avoid a criminal history and generally create havoc in your life."
RISMEDIA, March 23, 2009-(MCT)-Mortgage rates are again dropping to near-record lows - below 5% - in the wake of the Federal Reserve's decision to buy up Treasury bonds and mortgage securities. Lower rates may help spur home sales, but analysts expect much of the action to come from homeowners who are looking to refinance, but mortgage experts caution that many homeowners are bound to be disappointed.
RISMEDIA, March 23, 2009-(MCT)-Adding to the growing list of economic sectors going under the protective wing of the Government, the Treasury Department announced that U.S. auto-parts suppliers will receive up to $5 billion in a taxpayer-funded revolving line of credit. ...
RISMEDIA, March 20, 2009-(MCT)-The Federal Reserve escalated its war on the nation's credit crisis, announcing that it would more than double the amount of money it will spend in the coming year in an aggressive effort to force down interest rates on mortgages - perhaps by as much as one percentage point - as well as other business and consumer loans. The move, which cheered the markets, is designed to keep money flowing through the economy's clogged credit arteries to foster economic recovery.
RISMEDIA, March 21, 2009-U.S. Department of Housing and Urban Development (HUD) secretary Shaun Donovan and U.S. Department of Transportation (DOT) secretary Ray LaHood announced a new partnership to help American families gain better access to affordable housing, more transportation options, and lower transportation costs. ...
RISMEDIA, March 19, 2009-(MCT)-As the economy continues to suffer and jobs are lost and business owners continually push to keep things moving forward so they are in the right place at the right time when the market turns, President Barack Obama is doing his job to help small businesses get on the right track. Working to jumpstart the economy's engine of job creation, Obama announced that the Treasury Department would spend up to $15 billion to boost lending to credit-hungry small businesses.
RISMEDIA, March 16, 2009-The U.S. Department of Housing and Urban Development (HUD) awarded nearly $12 million in grants to 207 public housing agencies across the U.S. to help public housing residents find jobs that lead them toward economic independence. ...
RISMEDIA, March 13, 2009-The National Association of Home Builders (NAHB) told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007, and there is deep concern that these financial dislocations will increase the depth and length of ...
