May 26, 1989 |
I am a novice landlord. When we bought our new home, we decided to keep our old house and rent it to tenants. They paid us a $1,000 security deposit. Do we owe tax on the money? Not yet. Only if the tenant forfeited the security deposit, possibly to pay for damage to the property, would it become income on which you must pay taxes. Of course, you then would have an offsetting repair cost. Until the security deposit is forfeited, the security deposit is not taxable. Your tax adviser can give you details.
December 10, 1987 |
Is buying beautiful things for your home one of life's great joys? Then consider a foray over to The Print Club, a non-profit graphic arts organization that runs a small art gallery on tiny Latimer Street in Center City. There you'll find hundreds of prints of all kinds: etchings, silk screens, lithographs and more - all done by emerging artists. Subjects run the gamut from abstracts to still lifes to narratives (they tell a story) to landscapes. The best news: Now through Dec. 24, a 20 percent discount is available to all shoppers.
June 30, 1988 |
State Attorney General LeRoy S. Zimmerman has filed a suit against a Montgomery County medical alarm company saying that the company has failed to refund $5,400 in deposits to nine customers. In a suit filed in Philadelphia District Court June 22, the state said that Med-Alert, a medical emergency alarm system with offices in Jenkintown and North Wales, had not returned the $600 deposits. The attorney general also requested that the court ask Med-Alert to turn over information to ensure that other customers have had their deposits returned.
March 23, 1989 |
A Folcroft tavern owner has asked the borough council to return $6,000 in security fees for video poker machines confiscated by the state police and has also sought a permit to install two new poker machines. Jerome Grossman, owner of the Red Lantern Tavern, 41 Oak Ave., was represented by attorney Andrew D'Amico at Tuesday night's meeting, a continuation of the March 13 session. D'Amico gave the council the following account: On March 15, 1986, three video poker machines in operation at the Red Lantern were confiscated by state police, who charged that they had been used for illegal gambling.
June 1, 2005
RE THE THE Responsible Utility Consumer Protection Act: Philadelphia Gas Works now has the right to hold landlords responsible for their tenants' unpaid gas bills, and can also put a lien on the property. Sounds like our elected officials are trying to create disinvestment in the city of Philadelphia. PGW will turn on gas service for anyone who has a pulse and identification, even though they may be delinquent in past accounts. PGW will turn on service at a new address even without a security deposit.
September 23, 2015 |
The City of Philadelphia has estimated that it will incur more than $12 million in costs due to the papal visit this coming weekend, and the World Meeting of Families will reimburse the city for those costs. That is according to a contract signed Friday between the city and the nonprofit organization, and made public Monday night by Mayor Nutter's office. The contract is backdated Sept. 10 and states that the nonprofit was to have provided the city with a security deposit of $2.5 million on Sept.
December 15, 1995 |
For a journalist, a new source is the most generous benefactor. For journalist John Chancellor, Ira Lipman, a 16-year-old at Little Rock Central High in 1957, was the source for his groundbreaking report from the desegregation front. Last night, Lipman, 54, a businessman, became a permanent benefactor when he announced the creation of the John Chancellor Award, an annual $25,000 prize to be given for excellence in journalism. Chancellor and Lipman were the guests of honor at a dinner hosted by the University of Pennsylvania's Annenberg School for Public Policy.
September 20, 2012 |
THE MADE IN AMERICA festival is officially paid for, and Mayor Nutter says taxpayers are off the hook. Nutter said concert promoter Live Nation has paid $505,124 to cover the city costs incurred by the Labor Day weekend event outside the Art Museum, featuring rap mogul Jay-Z. That includes a $200,000 security deposit and a payment made Wednesday of $305,124. Nutter did not break down exactly what the money covered. The contract for the event lists estimated costs for city services at $500,000, with the following split: police, $220,000; Fairmount Park, $120,000; emergency medical services, $90,000; sanitation, $60,000; licenses and inspections, $10,000; and health services, $1,000.
January 19, 2001 |
Not only were Roberto Rodriguez and Felix De la Mota alleged drug traffickers, they were apparently terrible neighbors. Rodriguez, 24, lived with his wife and their pit bull in a $300-a-month apartment on Germantown Avenue near Diamond Street in North Philadelphia. They moved in on Nov. 1 and paid three months rent upfront plus a security deposit, landlord Manuel Diaz, 48, said yesterday. "They paid their rent OK, but the last month their behavior was bad," he said. That's when other tenants reported seeing mysterious strangers coming and going at all hours.
October 20, 1991 |
A Pennsauken loan broker, which during the spring ran advertisements in a dozen newspapers around the country offering to secure business and personal loans from $2,000 to $2 million for people with bad credit, has refunded more than $5,000 to 14 of its customers, the Camden County Consumer Affairs Office said. Penn Financial Services Inc. is no longer in business, according to two of its owners, Frank Masso of Evesham and his son Anthony. The Massos said that Penn Financial and another loan brokering company they founded, Burlington Financial Consultants, were closed after only a few weeks because "it just didn't work out. " In part, Frank Masso said, the businesses were closed due to the "bad reputation of the (loan broker)