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Debt Cancellation May be Taxable

If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016.

Here are 10 tips about debt cancellation:

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The Olear Team Earns Top Team Award from MJ Peterson

The Olear Team Earns Top Team Award from MJ Peterson

The Olear Team, led by Michael Olear, was recently named MJ Peterson’s top real estate team for 2016 at the company’s 33rd annual awards ceremony. The Olear Team produced more than $18 million is sales in 2016 to win the award for a second consecutive year.

“I am extremely proud of my talented team and to be part of a company that has been serving the people of Western New York since 1930,” said Olear. “Our team employs a transaction coordinator, a marketing coordinator and other administrative staff so that we can provide a well organized and comprehensive plan of action specifically tailored to our clients’ needs. We will do everything in our power to three-peat in 2017 by offering the quality service that our customers have come to expect!”

Hamburg Public Library Coding Camp Powered by AT&T Introduces Kids to Web and Software Development

Hamburg Public Library Coding Camp Powered by AT&T Introduces Kids to  Web and Software Development

From April 10th- 13th local youth will bring their imagination, and desire to learn to the Hamburg Public Library Coding Camp Powered by AT&T.  The innovative coding camp is a free four-day program that will be held at the Hamburg Public Library during spring break.  Children ranging from ages 11-to-14 can come and learn how to write code and build a website under the instruction of various mentors.  The coding camp is free for participants, but is limited to 25 students total, laptops are provided for the first 20 campers.  

Full Summer Season Kickoff Planned at Buffalo Niagara Heritage Village

Full Summer Season Kickoff Planned at Buffalo Niagara Heritage Village

Buffalo Niagara Heritage Village, located at 3755 Tonawanda Creek Road in Amherst, is proud to announce a full May calendar celebrating the season opening! 

Free Farmstead Thursdays, made possible through funding by M&T Bank, will begin Thursday, May 4. Admission is free for all to enjoy from 4 to 8 p.m. and offers visitors access to family-friendly educational programming, demonstrations by costumed historic interpreters, guided tours of the historic village and farmstead, and 20,000 square feet of curated exhibit space. Free Farmstead Thursdays run May through August. 

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Annunciation to Host Chris Wilson Concert

Annunciation to Host Chris Wilson Concert

The Church of the Annunciation, 7580 Clinton St., Elma, will host singer and songwriter Chris Wilson for a songs of faith concert at 7:30 p.m. Friday, April 28.

A New York native, Wilson has gained celebrity status for his vocally driven songwriting and passionate live performances. His career brought him to Los Angeles for a brand new MTV show called “The Cut,” where he became one of only 10 artists to win their way to the finals from a field of 160 competitors and over 10,000 hopefuls from around the world. Wilson went on to win MTV’s Viewers Choice Award for his performance in the finals. 

Explore Buffalo Lists Exciting April Tours

Explore Buffalo Lists Exciting April Tours

As the weather warms up, so does tour season in Western New York! Following is a listing of Explore Buffalo tours scheduled during the month of April.

AMERICAN MASTERS
April 1, 8, 15, 22, 29 • 10 a.m.
Meet: Western New York Book Arts Center, 468 Washington St., Buffalo, corner of Washington and Mohawk streets. Two-hour metered parking is available on surrounding streets, and the Mohawk Parking Ramp is on the opposite corner. The Lafayette Square Station of the Metro Rail is around the corner on Main Street.
Cost: General $15, Student $5, Explorer Pass Holders FREE 

Capital Gains and Losses – 10 Helpful Facts to Know

When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment.

Here are 10 facts that taxpayers should know about capital gains and losses: