Both the Georgia House and Georgia Senate created Resolutions to urge Congress to the repeal the Biggert-Waters Flood Insurance Reform Act of 2012. These resolutions seek to make flood insurance more affordable, eliminating the negative economic impact Biggert Waters has created on the state. The resolutions state that FEMA’s poor implementation of this act has led to unreasonable increases in flood insurance premiums nationwide and has devalued property investments. If left unmodified, local and state economies will be damaged. The House passed HR 1055 this week by a vote of 167-0. The Senate Insurance Committee Favorably Reported SR 747. Senate Resolution 747 is now available to be selected by the Senate Rules Committee for consideration by the entire Senate. GAR would like to thank Rep. Alex Atwood (Brunswick) and Senator William Ligon (St. Simons) for their efforts to communicate the importance of this issue
Walk or run with family and friends and at the same time help in the fight against hunger in our Atlanta community. Join the Temple Sinai Striders walk team and mark your calendars for Sunday, March 9th, 2014. The walk begins near Turner Field; registration is at 12pm, the walk/run starts at 2pm. Donate $25 and get a fabulous event t-shirt! All monies raised directly support programs aimed at ending hunger in Atlanta.
Microsoft plans to open its second metro Atlanta store at Perimeter Mall.
The tech giant said more details will be released soon. The Perimeter store joins one at Lenox Square Mall, which opened in May 2011.
Rival Apple Inc. has four stores in metro Atlanta.
It’s LUMINOCITY —celebrate the vitality of life at the Crossroads of the World! Catch the high-spirits and pulse-racing thrills of the World’s Greatest Circus Artists in one ring under our Big Top, where no seat is more than 50 feet from ringside! Watch rowdy pups perform amazing tricks, double trapeze artists soaring high above, a bashful clown, an irrepressible flimflam man, and a juggler extraordinaire; teeter-board acrobats flying through the air, a cavalcade of magnificent steeds, and a couple of amazing wire-walkers suspended in mid-air. The show runs two hours, including one intermission.
Murphey Candler Little League is a non-profit, all-volunteer baseball program for children aged 5-12.
Registration for our spring 2014 season is now open – register now!
Tentative Dates for the Spring 2014 Season
|Registration Closes||Sunday, January 26, 2014|
|All Payments Due||Monday, January 27, 2014|
|Evaluations Begin||Sunday, February 2, 2014|
|Last Day of Evaluations||Saturday, February 8, 2014|
|Teams Selected & Team Practices Begin||Monday, February 10, 2014|
|Opening Day||Saturday, March 1, 2014|
|All leagues will finish their seasons before Memorial Day weekend|
The Mortgage Forgiveness Debt Relief Act of 2007 has been extended (again) through 12/31/2013, as part of the Fiscal Cliff legislation.
This Act allows qualifying taxpayers to exclude taxable income from the discharge of debt (through a short sale, foreclosure, or restructure or a mortgage) on their principal residence.
The debt must have been used to buy, build, or substantially improve the principal residence. Refinance debt may qualify unless it was used to pay off credit card debt. Debt on second homes, rental property, and investment property does not qualify.
Certain taxpayers may be able to exclude cancelled debt as taxable income if they have filed bankruptcy or provided proof of insolvency.
The taxpayer will still receive a 1099-C showing the amount of forgiven debt, and the taxpayer will need to file Form 982 (Reduction of Tax Attributes Due to Discharge of Indebtedness) to exclude the amount on the 1099-C from taxable income.
Thanks to Neel & Robinson for this helpful tip!