When the loan is in default, the lender can take legal action against the borrower or accelerate the remaining balance. The debtor's credit history will be affected. Default occurs...
Posted by BEST FINANCIAL GROUP LTD on 01/31/2022
Governments and corporations issue Bonds as debt securities. Bonds are issued to raise funds, and they are purchased by investors who put an initial investment called the principal....
Posted by Income Taxes and Bookkeeping LLC on 01/21/2022
Many seniors use savings bonds for good reasons. However, they still provide an incredible way to help pay for the college expenses of a young person. Understanding College Savings...
Posted by Pat Raskob on 09/20/2021
After years of debate, leaders from more than 130 countries are moving quickly to agree on key changes to international tax rules, possibly by the summer. These changes would force...
Posted by James Financial Services Inc on 07/06/2021
Uncle Sam issued tens of millions of tax refunds every year, and every taxpayer gets an average of $2,500 tax payment. If you know how to play it well, there could be bigger tax...
Posted by Taxes Made EZ Inc on 05/24/2021
You must be a U.S. citizen, lawful permanent resident (green card holder), or pass the "substantial presence" test to be recognized as a U.S. resident for tax purposes. Some...
Posted by Taxes Made EZ Inc on 05/07/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
Posted by KLSM CPA Firm PLLC on 03/31/2021
Direct payment bonds have always encouraged investment in infrastructure in times of economic uncertainty. Unlike traditional municipal bonds, interest on direct payment bonds is taxable,...
Posted by BEST FINANCIAL GROUP LTD on 11/25/2020
Two small-business loan programs will be given new life after a $484 billion coronavirus aid deal was finalized last week. The programs are created to relieve the economic devastation...
Posted by Taxes Made EZ Inc on 06/23/2020
