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 on 05/07/2021
Billions of dollars in property taxes go unpaid every year, a major problem for local municipalities that depend on this money to fund public services. Instead of waiting months or...
Posted by CORE PERFORMANCE on 04/29/2021
Usually, people work harder and save enough money to acquire a home of their choice. However, many cannot keep up with the financial demands due to some unplanned events or circumstances....
Posted by Raven Skylar Tax & Consulting, LLC on 04/27/2021
Debt cancelation is a problem that often arises at tax time and something every taxpayer should understand. Many people are relieved to be at the end of a long debt battle, only to...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 01/07/2021
With the situation of the economy, a lot of taxpayers have issues paying rent on their mortgage and other debts. Many people had no choice but to abandon their property or go through...
Posted by Daniel P Vigilante CPA and Profit Consultants on 01/01/2021
The IRS deals with foreclosure as well as the sale of a property. It was already yours, and you no longer own it, so you could end up paying taxes on a mortgaged property. The event...
Posted by Carmen Garcia on 12/26/2020
If a creditor acquires your property through foreclosure and evicts you, or if you surrender your property before the eviction, the lender will send you an IRS Form 1099-A Acquisition...
Posted by Tucker Accounting Services LLC on 03/05/2021
A person who wishes to buy a house always look for a great deal. They wish to get something good in low price but then the reality hits. It is always bitter in reality that you have...
Posted by Abundant Returns Tax Service on 06/18/2018
Foreclosure is used to describe a legal process taken by the lender to repossess the property which held by the borrower who is in default. The borrower is said to be in default when...
Posted by rinehimerbaker on 06/18/2018
