Investing $1,000 may not seem like a significant sum in the world of finance, but it can be a crucial step toward building wealth and achieving your financial goals. The key to successful...
Cancellation of debt or debt cancellation, as it is sometimes referred to as, happens when a creditor relieves the borrower from any debt obligations they may have. Debtors in this...
Posted by Taxes Made EZ Inc on 08/31/2023
When managing finances, individuals and businesses often encounter situations where they lend money to others and, unfortunately, face the risk of non-payment. Such instances of bad...
Posted by Rosovich & Associates, Inc. on 08/17/2023
Recovery rate can be defined as the percentage of defaulted debt recoverable by a lender. It can also be defined as the value of a security after said security has emerged from bankruptcy...
Posted by Rosovich & Associates, Inc. on 07/13/2023
Whatever difference a bank incurs when its income is subtracted from its assets that bear interest, alongside the costs used to satisfy the liabilities that bear interest.The difference...
Posted by Rosovich & Associates, Inc. on 05/26/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
An OID also known as original issue discount is a debt instrument with a lower value compared to the time it was bought. The investor receives the face value after maturity with interest...
Posted by Rosovich & Associates, Inc. on 04/21/2023
Owning a home is one of the important life decisions that everyone needs to make. A home is a way to gather wealth, but downsides like mortgage, unexpected repairs, fees, and maintenance...
Posted by Pat Raskob on 03/31/2023
The first-time home buyer's tax credit was introduced during the 2008 financial crisis to help Americans buy more affordable homes. Although there are many other mortgage and loan...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2022