TOP DRAWER INK NEWSLETTER
Here's the latest issue of Top Drawer Ink, the newsletter written by author HL Carpenter that's chock full of humor and common sense information.
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September 8, 2007
Volume 5, Number 17
ISSN 1554-6330
In this issue:
1. Carpenter Country Essay |
2. Top Drawer Article |
3. Top Drawer Tips |
4. Top Drawer Satire |
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CARPENTER COUNTRY
What's Happening in Our Neck of the Human ExperienceIn Carpenter Country, the short one spent yesterday trying to figure out what sort of essay to write. All the topics that came to mind lacked pizzazz. Maybe this was the week when the page stayed empty.
Or maybe she should do something different, like climb on her soapbox and write a journalistic essay. Okay, here’s one.
Florida has a history of being a boom and bust state. And right now Florida is a bust. Locally there are over 400 houses for sale or in foreclosure. A quick check of some other sections of the state show the same or even higher figures.
And while the Land of Sunshine seems to be particularly hard hit, many areas nationwide and even globally are also feeling the pain. Yet such a housing slump should hardly come as a big surprise. Busts usually follow booms.
So, why do lenders and investors in subprime mortgage securities fail to remember that bit of history? And why do borrowers allow themselves to fall victim to speculators pushing variable interest rate and ‘piggy back’ financing?
The answers to those questions can take up pages of newsprint, but as most everyone of a certain age knows, borrowing and lending keep the economy rolling. And when defaults and foreclosures create a credit crunch, the Fed will step in with a bailout.
After a year or two or three, the dust settles. Then, just before anyone has time to say ‘lend only what a buyer can afford to repay’, the housing market rebounds and mortgages again become plentiful.
As a wise Cracker once said: Hang in there. Florida will rise again!
There...how’s that for a different essay?
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TOP DRAWER ARTICLE
Should You E-File Your Business Tax Return?
byHL Carpenter
To e-file or not to e-file, that is the question. With the September 17 federal corporate tax filing deadline fast approaching, you may be trying to come up with the answer.
This information should not be considered legal, investment or tax advice. Top Drawer
Ink Corp. does not provide legal, investment or tax advice. Always
consult your legal, investment and/or tax advisor regarding your
personal situation. |
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TOP DRAWER TIPS
Topics and Tidbits
Learn
more about corporate e-filing of your federal tax return: http://www.irs.gov/efile/index.html
Find
out if your state has internet filing: http://www.taxadmin.org/fta/link/internet.html
Read
what the National Taxpayer Advocate says about e-filing: http://www.irs.gov/advocate/article/0,,id=125634,00.html
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TOP DRAWER SATIRE
Denials Unlimited
byHL Carpenter
Denials Unlimited, the world’s largest manufacturer of custom disclaimers, reported that net profits rose 172% in August. Much of the increase was attributed to the company’s best selling product, the Political Bob and Weave.
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HL Carpenter, an experienced investor and a CPA, specializes in reader friendly financial and tax topics for individuals and small businesses, and publishes Top Drawer Ink, a newsletter that's chock full of humor and common sense information.
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Last update: January 9, 2011
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