Filing for bankruptcy is a complex financial decision that should not be taken lightly. It's important to understand the signs that indicate when it might be time to file for bankruptcy...
Posted by Taxes Made EZ Inc on 11/27/2023
Tax liens are a common issue faced by taxpayers in the United States. If you owe back taxes to the Internal Revenue Service (IRS) or state tax authorities, they may place a tax lien...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/17/2023
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
Property taxes are one of the many types of taxes that property owners have to pay. These taxes are levied on real estate, including land, buildings, and other structures, and are...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2023
Home sellers may hear the term "adjusted basis" during the sales process. In the world of real estate, this term is related to the sale of real estate: when you sell your...
Posted by Taxes Made EZ Inc on 02/17/2023
Foreclosure is a common term, but only some know its true meaning and reason. You can only be a perfect homeowner or buyer if you know things associated with the term. Your idea about...
Posted by Rosovich & Associates, Inc. on 12/18/2022
Form 1099-C and Cancelation of Debt is a system created by the Internal Revenue Service (IRS) to clarify all transactions made to taxpayers by loan service providers and creditors....
Posted by Pat Raskob on 10/16/2022
Not all debts are the same. Although most forms of lending carry risk, certain lending decisions are more likely to send you into a downward debt spiral. We call them debt traps.It's...
Posted by Rosovich & Associates, Inc. on 08/11/2022
A small business needs to get its tax right to avoid unnecessary headache with the IRS. The idea is simple – a plain and accurate disclosure of losses, revenues and deductions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/07/2021
