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Financial

via Flickr/401(K) 2012
via Flickr/401(K) 2012
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Taxes on Olympic Medals? Who Knew?

We didn't know it either, but it's true.  American athletes who win medals at the Olympics also get cash awards to go with the medal.  The IRS says the medals and the cash are taxable income.

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via Facebook/Better Business Bureau
via Facebook/Better Business Bureau
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BBB Warns of “Storm Chaser” Repair Scams

Storm chasers?  Aren't they the people who get their thrills by video'ing themselves chasing tornadoes?  Well, yes, but that's not who this story is about.  There's another group known as "storm chasers", and the Better Business Bureau says they are to be avoided at all cost, if possible.  They're crooks.

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via Facebook/Lon Morris College
via Facebook/Lon Morris College
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Lon Morris College Plans Fall Classes

With apologies to Mark Twain, it appears that reports of the "death" of the venerable Lon Morris College in Jacksonville may have been a little premature.  LMC is not, with apologies to the poet Dylan Thomas, going gentle into that good night.

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via Facebook/Angelina County
via Facebook/Angelina County
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Rising Property Values Raise Property Taxes

We have good news and -- maybe some bad news -- for some Angelina County home and land owners.  The good news is that the Angelina County Appraisal District says property values are finally going up - instead of down.  The bad news is that rising property values also mean higher property taxes.

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via Facebook/Lon Morris College
via Facebook/Lon Morris College
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Lon Morris College Files For Bankruptcy

Lon Morris College in Jacksonville is on life support financially, because it is so deep in debt it can't pay its bills or meet payrolls.  The situation is so critical that creditors were preparing to foreclose several buildings on the campus this week.

The Jacksonville Progress reports LMC officials have headed off the foreclosure by filing for federal Chapter 11 Bankruptcy protection.

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via Flickr/danielmoyle
via Flickr/danielmoyle
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Expert: Lon Morris Taking Right Steps to Survive

Lon Morris College in Jacksonville is flat broke and as close to going out of business as a school can be.  Years of adding and expanding programs, out of control spending, and borrowing to the hilt to pay for everything have finally caught up with the oldest two-year college in Texas.

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via Facebook/Lon Morris College
via Facebook/Lon Morris College
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Jacksonville Churches Helping Lon Morris Employees

The Tyler Morning Telegraph reports that Jacksonville churches, civic groups and individuals are coming forward with donations to help the employees of financially troubled Lon Morris College.

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via Flickr/Imnop88a
via Flickr/Imnop88a
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Census Shows More Dads Stay-at-Home

It wasn't very long ago that a man who chose to stay home with the kids while his wife worked was considered an oddball. We've all heard the Mr. Mom jokes, but these days a growing number of American dads are wearing that nickname as a badge of honor.

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