Business news for Mon, 31 Dec 2007 & with word tax. 13 news.

Reuters - Home builders and financial issues, the biggest casualties of the subprime lending meltdown, were hit again by tax-motivated selling in recent weeks but could rebound a bit early in the new year, money managers said on Monday.

NEW YORK (Reuters) - Home builders and financial issues, the biggest casualties of the subprime lending meltdown, were hit again by tax-motivated selling in recent weeks but could rebound a bit early in the new year, money managers said on Monday.

St. John Bosco School, 16035 S. 48th St., will be open on Monday, Jan. 31 from noon to 6 p.m. Monday, Jan. 31, for last minute 2007 Arizona tax credit donations, forms, online assistance and hot chocolate.

When the new Texas margin tax kicks in this year, many businesses will get hit with a surprise tax bill costing them several thousand dollars.

For many Americans, the Internet has become the great problem solver. When facing a collection of conundrums, including health problems, tax issues and schooling choices, U.

BOSTON (MarketWatch) -- M/I Homes Inc. Monday said it has sold land located primarily in Florida to various buyers for $82 million and that it is exiting the West Palm Beach housing market. The home builder said as a result of the lot sales, it will book pretax land impairment charges of about $80 million in the fourth quarter, and expects to see a $50 million cash tax refund in the second quarter of 2008. M/I Homes said it is "likely" that further impairment charges will be recorded in the fourth quarter. The company said the land sold represented 3,700 lots; at the end of the third quarter, it owned 16,767 lots. "Today's announcement supports and advances our strategic objectives of strengthening our balance sheet, reducing our debt, reducing operating costs, and focusing on markets where we believe we have the best opportunity for acceptable and consistent returns," said Chief Executive Robert Schottenstein in a statement.

China, the world's biggest grain producer, will tax exports of wheat, corn and rice to increase domestic supply and control rising food prices.

LONDON (MarketWatch) -- London Scottish Bank said it's going to take 22 million pounds ($44 million) before tax in additional impairment charges for the year to Oct. 31, due to customer account balances in arrears. That will lead to 13 million pound shortfall in regulatory capital as of Jan. 1, which may lead it to restrict new lending volumes and not pay a final dividend.

Tax revenue is down considerably across the nation, creating budget shortfalls and forcing hard choices on what to cut. Dozens of states, counties and cities across the nation will enter the new year facing deep and unexpected budget holes as the widening mortgage crisis cuts sharply into tax revenue.

When Steve Kahn got a $26,000 tax bill on his airplane, he thought Maine Revenue Services had made a mistake. Kahn lives, works and keeps his plane in Massachusetts.

Joseph Egerton, owner of a glassware shop in Old Town Alexandria, was too busy selling, wrapping and packing gift items during the hectic holiday season to do more than glance at some placards he saw denouncing a new tax increase.

Tax avoided scheme abusinve and not considered...

Canadian shoppers, taxpayers and corporations can expect to pay reduced taxes in the new year.