Here comes February, and here comes income tax time again. It seems like every year, income tax preparation companies try to find new ways to separate you from your money by not telling you everything. For example, if you made less than $53,000 last year, you can get your taxes prepared for you absolutely free of charge. Think tax preparers […]
Vero Beach Short Sellers Get Last Minute Tax Break
Vero Beach short sellers who completed short sales during 2014 and had mortgage debt cancelled, got a huge 11th-hour tax break when the Senate extended the Mortgage Debt Forgiveness Act. The average Vero Beach short sellers had a mortgage balance one and a half times higher than the market value of the house. Big Break for Vero Beach Short Sellers […]
How Much Do You Know About Taxes?
As we turn the calendar on yet another year, it's time to start thinking about income taxes once again. How much do you know about taxes? Take this pop quiz and see if you do as well as the guy interviewed on the street in Times Square… . We'll have more tips for you when it comes to taxes as […]
Save Money Next April by Acting Now
With the holidays upon us, you're probably thinking about gifts and relatives. But that's not all you should be thinking about. Take 30 minutes now to plan for next April, and that half hour could save money ($1000 or more) come tax time. Here's how… . Get more tips, news and articles about taxes by checking out our other articles […]
Should Mortgage Debt Forgiveness Relief Act Be Extended?
Until the Mortgage Debt Forgiveness relief act was created in 2007, a person who short sold his home had to pay the IRS income tax and the mortgage debt forgiven in a short sale or mortgage term work out on his home. Clearly that made short selling and certain modifications impossible for many. If distressed homeowners had to pay tax […]
