Including Forgiven Debts With Income Almost everyone who gets a debt forgiven will get a Form 1099-C (Cancellation of Debt) from the lender, which reveals the amount of debt cancelled....
Posted by Income Taxes and Bookkeeping LLC on 09/03/2021
In taking out a mortgage point, you get an interest rate based on many factors like your credit profile and the market rate. Also, there are times you get the chance to buy points...
Posted by CORE PERFORMANCE on 08/24/2021
Winning the lottery is a two-way thing. While receiving a massive sum of money might solve your entire financial problems, you might be faced with new opportunities that could leave...
Posted by Tiffany Gaskin on 08/24/2021
Perhaps you are considering if it is time to refinance your mortgage; if that is the case, then you need to know how much you can save and how much it will cost to refinance.Ideally,...
Posted by Pat Raskob on 08/15/2021
A rental property can be an excellent source of income and also offers attractive tax benefits.By making deductions for rental costs, you can reduce the amount owed to the IRS each...
Posted by The TaxAdvocate Group, LLC on 08/06/2021
While a credit score does not give the real picture of our credit history, it offers creditors, landlords and lenders an idea of our financial management skills. This article will...
Posted by James Financial Services Inc on 07/24/2021
With the cost of living rising and longer life expectancy, many seniors end up with limited funds. As a result, a reverse mortgage might be the best bet to ultimate comfort during...
Posted by Rosovich & Associates, Inc. on 06/11/2021
While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
Posted by Karen Munoz, EA on 05/19/2021
Understanding Itemized Deductions We define itemized deductions as a series of expenses with which one can reduce taxable income on a tax return. It includes medical bills, interest...
Posted by Rosovich & Associates, Inc. on 05/18/2021
