Once again, a borrower who argued his debt was cancelled when he received an IRS Form 1099-C was told by the court that it was merely discharged. The court says “discharge” is not “actual discharge.” While acknowledging that a common consumer may not easily understand the distinction, the court held that “discharge” for IRS reporting purposes is not necessarily “actual discharge” of the obligation.
As discussed below, the borrower alleged that the lender violated certain state consumer protection laws, and argued that the lender’s failure to cancel the debt after issuing the Form 1099-C was an unlawful act in violation of those consumer protection laws. The borrowers’ underlying position was that a lender should not issue a Form 1099-C unless the debt is actually cancelled by the lender.
Germany's State Treaty on Gambling 2021 NEW GAME, NEW LUCK - Lexology
Putnam Investments Announces 19(a) Notices for Closed-End Municipal Funds
The 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE:PMM) and Putnam Municipal Opportunities Trust (NYSE:PMO) are now available. These informational notices provide further details on the sources of the funds' monthly distributions and follows the most recent distribution announcement.
The table below provides an estimate of the sources of the Fund's current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.
[News Focus] Samsung estate sparks debate on inheritance tax
Tortoise Announces Distribution Amounts and Dates for Closed-End Funds Including Distribution
LEAWOOD, KS / ACCESSWIRE / May 10, 2021 / Tortoise today announced that, due to continued NAV growth and a constructive outlook for the energy infrastructure sector, the Board approved an increase to quarterly distributions for TYG of 7.9% and NTG of 9.1%. Distributions for Tortoise closed-end funds are detailed below.
As previously disclosed, TYG and NTG continue to transition their distribution policies to shift to a NAV-based distribution. Distribution amounts are generally expected to fall in the range of 5% to 7% of trailing average NAV. The NAV-based distributions for TYG and NTG align with the goal of maximizing NAV and provides the portfolio management team the flexibility to own investments with the most compelling total return potential across a broader set of energy infrastructure companies.
Common probate mistakes and how to avoid them | Furley Page
If you are someone's executor, then it can be tempting to try to administer the estate yourself with a view to saving money. If the estate is simple and you are comfortable with the legal and tax regulations, then this may be fairly straightforward.
However, executors are personally liable to the beneficiaries and to HMRC, so it is important to be aware of the pitfalls.
Martin Betts, a Senior Legal Adviser in the wills and probate team with Furley Page LLP in Canterbury who has been advising on probate matters for 30 years, sheds a light on some of the mistakes which he has seen people make over the years albeit inadvertently and with the best intentions.
3 "Best" Gold Brokers in Singapore (2021 Edition) - Securities.io
When buying gold or other commodities in Singapore there are several points to consider. Not least of these is which broker to choose. Here we will take a closer look at the best places to buy gold in Singapore as well as a few critical points to consider.
Broker Reputation: First and foremost you want to make sure you are dealing with a reputable broker. Strong indicators here can include the length of time they have been operating, positive reviews from a large pool of users, and any other professional accreditations they are holding. All of the brokers we have selected are among the most trusted in the country.
Final Results and Notice of Investor Presentation
Downing Strategic Micro-Cap Investment Trust p lc
LEI Code: 213800QMYPUW4POFFX69
10 May 2020
Final Results and Notice of Investor Presentation
The investment objective of the company is to generate capital growth for shareholders over the long term, from a focused portfolio of UK micro-cap companies (those whose market capitalisations are under £150 million at the time of investment) targeting a compound return of 15% per annum over the long term.
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