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Ways To Find Bank-Owned Homes

buy a home
In today’s life getting a home is not an easy task to be done. And on same time
many people want to own a home of their own but their pockets doesn’t allow
them to do it. The one way to fill you wish is to get a foreclosed or bank-owned
home. Here we explain to get a bank-owned home

Know the Advantages and Disadvantages?

There are pros and cons for almost everything in the real world. Same is the case
with bank-owned homes. Here are some risks that one needs to be aware of:
1) In some of the cases the owner is responsible for the liens and mortgage the
was connected to the previous owners.
2) The home may not be in that good condition because the previous owner
may have not kept it accordingly. They might have not spent on
maintenance. So you have to bear a cost of maintenance if one have not got
the house inspected.

Search Online:

Everything is now available on internet. Internet is now a part of lives. It’s always
better to research online before taking a big step and look up for the schemes. Most
important thing to look on internet is to look up at the website of Department of
Housing and Urban Development (HUD).
When you look up the online listing you will find out that the in consists of property
description, address, price and agents.

Other resources than internet:

Sometimes internet cannot help you find appropriate solutions so there are some
other options to look for then:
1) Visit your county offices
2) Find some real estate agent who can provide you with information.

Nassau County Office, New York

Both of these resources provide you with formal proceeding to take a foreclosed
home. Purchasing it have various advantages. They may offer deals without “red
tap”.

What to do next?

Once you have found out the property you need to purchase, the next thing to do is
to go to request you agent contact the agent of property and let you visit the
property. Visiting a property may be difficulty everything here depends on
negotiation.
Still if you can’t visit the property ask an inspector to inspect it let them suggest
you.

Negotiation

Decide whether you are going to negotiate on you own or your agents will do it for
you. The leverage in bank is limited. Negotiate carefully as you are going to be
responsible as you are going to be the new owners.
Banks have various procedures to follow. Once you have finalized the deal, be
patient an let the band do their procedures.

Nassau County Office, New York

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Finance Line

Can and Will Donald Trump ban Bitcoin protocol?

Donald Trump
  • U.S. President, Donald Trump, has tweeted his dislike of Bitcoin and has accused it of being volatile.


  • The president can make laws that impose bans on the cryptocurrency at the Bitcoin protocol level or the service layer on the basis that code is not speech etc.


  • However, it is highly unlikely that Trump will choose to go for it as it’s apparently against his own interests.

Once again the top trending news was taken over by Bitcoin, the ever-famous cryptocurrency, after the President of the United States expressed his dislike for the currency on Twitter by accusing the currency to be volatile.

And even though the whole world seemed to engage in its discussion right after the global leader’s tweet, the crypto markets didn’t seem to have any such concern with the statement which perhaps meant they have other things to worry about in their time.

If Trump is expressing his concerns about Bitcoin publicly, should we be worried about a new law that would ban the currency? Or should we be as relaxed and indifferent as those in favor who think even a lawful ban wouldn’t affect their activities?

The reality of the matter is that Trump can pass a law banning Bitcoin but he won’t do so even though the ban can have a material impact if it’s a success.

Code is not speech; it executes actions

Now, there are some unconventional ways in which Trump could accomplish banning Bitcoin. The first one is by using the “code is not speech” argument, which is false according to many who say that it is indeed speech and banning it is equivalent to banning civil liberties.

Code not only has a speech component but it also executes actions which are also monitored by laws and regulations. Only writing code can be classified as a form of expression but Bitcoin users also execute it which makes it a completely different matter.

And theoretically, these actions can be banned by law in the U.S. after which the effect will be felt globally in the Bitcoin industry.

USA’s impact on the Bitcoin industry

Even if Trump does not ban Bitcoin altogether, he can still cause significant disruption in the cryptocurrency industry, with the introduction of new compliance and fiscal requirements which decrease the viability of such projects.

The U.S. can cause decentralization of code and operations but Bitcoin would still not disappear.

And the major factor behind Trump NOT choosing to do so is that it’ll be against Trump’s own interests to do so.

Keeping the Trump family happy

It should also be kept in mind that the imposition of laws against Bitcoin and cryptocurrencies, in general, would damage the president’s repute as the “disruptor and a free-market evangelist” that he used throughout his campaign.

Moreover, the biggest Trump-supporting communities in the political enterprise are early supporters of cryptocurrencies and some have even spent considerable time and effort to establish themselves as such.

So its highly unlikely that Trump would choose to anger or aggravate his voters and donors like that.

Look on the bright side

As is already evident, Bitcoin’s potential has now also grabbed attention in the presidential forums, which also attracts the negatives. And even if Trump decides to pass laws against Bitcoin at any level, his decision is bound to be aggressively challenged in the courts.

Also, it should be remembered that the probability of Bitcoin’s value is reduced to zero is and will always remain to be less than the probability of its value increases tenfold. And the fact that Trump, the president of the United States is tweeting about it is proof enough that the times have shifted for a new tomorrow.

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Finance Line

How To Save Millions Using This Simple Tax Loophole

tax loopholes
  • A tax code provision allows small company employees to acquire tax exemptions that can save them thousands and millions of dollars.

  • All of the conditions should be met, which include the company be valued at less than $50 million and for you to not mess with your shares and be in complete ownership of them.

  • Trusts allow workers to not save money for themselves while reaping continuous benefits but they are also the way to save up for future beneficiaries.

Kay Lou became a part of the LinkedIn team in 2006 with a grant of shares at 12 cents each. The value went to increase to $45 for each share when the company became public in 2011. As the value of the shares kept increasing, she decided to hire a professional accountant to manage all the newfound wealth. 

Although the newly hired accountant helped her with minimizing her tax and contribution calculation with basic techniques like trusts, gifts, and philanthropy, she was still shocked to learn later that her accountant had failed miserably to tell her about the thousands and millions of dollars she could have saved with the aid of a provision in the tax code that few people knew about. Due to this provision, small company employees now had access to millions of dollars in stock gains tax-free!

This provision is about the concept of small-business stock and contribution calculation on the workers’ end. It says that people who are invested in a company valued under $50 million are eligible to exclude from their taxes $10 million or 10 times their investment, whichever is higher. It is an amazing and quite simple way to get away with not paying any tax even for a large amount of income. 

There a couple more conditions in order to benefit from this provision. Employees must be in possession of the stock for at least 5 years and the company should be making some products to sell. 

In the case of Mr. Dayanov, his savings were unreal! Moreover, he did not learn about it from some accountant but instead discovered the benefit messing around on TurboTax. Apparently, the only thing that matters is the value of the company at the time of joining, i.e. it was still valued below $50 million when Mr. Dayanov joined. 

Unfortunately, he was misled by an accountant who told him that his information as wrong and he ended up paying more tax for about 2 years. But then he made an official inquiry from an early director at LinkedIn and got his refund as his shares did, in fact, qualify for the tax break. 

Even though it is so much trouble ensuring that your company is qualified for this tax-break, the benefits are so worth it. Employees can look to save up an extra $2.4 million if they make it to the $10 million limits.

It wasn’t always like this though, this strategy only became attractive when the capital gains rate and the exclusion amount went up 2 decades after the law was added in the 1990s. 

Moreover, savvy lawyers and accountants have their ways to get around the conditions and contribution calculations; even the companies that provide car services is a company that created something that didn’t exist before instead of being classified as a services company.  

Owners have to completely and fully own their shares with all the risks and rewards that come with the package. If you meet all of the shares’ ownerships requirements then you’re allowed to be exempt from paying tax on the first $10 million or 10 times your basis, according to Peter Kong, managing director at Merrill Private Wealth Management.

Those who don’t follow the letter of the law risk an audit.

The employees who fail to fulfill all the necessary conditions are always under threat of an audit. 

Every time tax provisions are unclear, financial advisers see new opportunities for saving up. People can also split up the benefits amongst themselves using trusts. 

For example, if an employee acquired stock at a very low rate and it appreciated far beyond the $10 million limits, he can create permanent trusts that contain $10 million qualified stock within them. 

As Toby Johnston (partner in charge in the Silicon Valley office at Moss Adams) says that if an individual taxpayer just sells his shares, he stops receiving any benefits against them. The idea is to make the trust a different owner who is still eligible to reap the benefits. 

Trusts also allow employees to save tax money and make the share value increase for their to-be-beneficiaries including children and grandchildren, in cases where they might not need the windfall urgently. 

With a single loophole, the small company employees are able to evade the tax brackets 2019 and reap more benefits for themselves using low priced shares. 

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Finance Line

KFC Spent 2 Years and $80 Million Making This Sandwich

KFC
  • “The Zinger” cost KFC U.S. EIGHTY MILLION dollars and TWO years to make!

  • It claims to be free of antibiotics and other artificial additives including hormones, steroids, and food dyes.

  • Legend has it that this hand-made zinger sandwich is something you have never tasted before!

So we all know how KFC is a brand of yummy-licious delicacies all over the world but what you DIDN’T know is that they spent a fortune worth EIGHTY MILLION dollars in the creation of a new sandwich just to get those sales!

So what is the name of this supposedly AH-MAZING sandwich? “The Zinger” has the privilege of being the very first fried chicken sandwich in history that is prepared by hand. KFC wasn’t playing when they said they spent years worth of effort into this creation.

According to the president and chief concept officer for the U.S. KFC, the company has been working on this concept since the last two years, has also spent a fortune of 80 million dollars in this project and has conducted trainings for all of its employees since the last six months so that they’re efficient and precise when the time comes to serve this new delicacy at the busy lunch hour.

The president also says that the sandwich will debut in the U.S. on the 24th of April, in addition to already being sold in a whopping 120 other countries at the moment. He also made it clear that the chicken meat is used in this sandwich will be prepared from real chickens from poultry farms situated in the U.S. such that these chickens will be free from antibiotics. He went on to add that this concept of antimicrobial resistance is a concern for them as it is also shared by the public and hence should be taken seriously.

KFC is not the only brand that has made such an announcement of letting go of all types of antibiotics in chicken meat. The list includes other popular brands such as Chipotle, McDonald’s, Burger King and Wendy’s. but apparently, KFC seems to have an even more extensive claim, especially when the question is regarding the on-the-bone chicken meat. The new Zinger Sandwich will also not contain any additives including hormones, steroids, and food dyes.

Even though it seems that the general public is gravitating towards a greener and overall healthier food options as the days pass by, the KFC squad still believes that their new fried release will be a hit with the general public.

He says it’s pretty iconic that the public is demanding REAL food and their chefs are busy in the kitchens preparing the chicken-on-the-bone and “The Zinger” sandwiches, which claim to be completely different than everything that is out there in the market at the moment!

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