By: Art Of Saving Home Loans Views: 6006 | Comments: 0 | Votes: 0
By Barbara Hagenbaugh, USA TODAY WASHINGTON — The Federal Reserve, battling recession and a fearsome credit crunch, cut interest rates by a hefty three-quarters of a percentage point Tuesday and said the economic outlook has deteriorated, suggesting more rate cuts could be on the way. The cut matched the most aggressive move since they began targeting the rate in 1990. More
By: Steven Leibold, EA Tax Planning Views: 17916 | Comments: 0 | Votes: 0
Congress often rushes to pass legislation just before adjourning for a holiday or recessing for the year, and 2007 was no exception. One of these last-minute bills was the "Mortgage Forgiveness Debt Relief Act of 2007," which President Bush signed into law on December 20. The amount of debt forgiven reduces the tax basis in the home. Steven C. More
By: Velizara Petrova Real Estate Views: 3652 | Comments: 1 | Votes: 1
After the initial bloom of real estate, price growth was expected to slow down to 15-20 per cent year annually, compared to 34 per cent rise last year, which showed a maturing market. UniCredit will continue to support real estate projects, but we are not likely to finance a seaside hotel,” Hampartzoumian said, calling for common sense on the part of all industry participants. More
By: Velizara Petrova Real Estate Views: 2962 | Comments: 0 | Votes: 0
[1] Euro-Mediterranean association agreements with Algeria, Tunisia, Morocco, Israel, West Bank and the Gaza Strip, Jordan, Lebanon, Syria[2] Trade preferences to products originating from Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro and Serbia until 31 Dec. More
By: Velizara Petrova Real Estate Views: 4150 | Comments: 0 | Votes: 0
Buying investment property in Bulgaria is a relatively recent trend. As more tourists, buyers, developers and expatriates make their way to this Eastern European country, the prospects keep growing. One of the development and buying strategies that is gaining a great deal of interest as of late involves the winter sports potential this country has to offer. More
By: Kerry Freeman EA Tax Planning Views: 38389 | Comments: 2 | Votes: 1
Telling the IRS that your dog ate your return won’t get you off the hook for paying your 2006 federal income taxes, due April 17 this year. And even though she depends on you for all of her support, you are really asking for trouble if you try to claim the pooch as a dependent. What about those animals that provide a real service to businesses? More
By: Kenneth R. Harney Home Loans Views: 4435 | Comments: 0 | Votes: 0
WASHINGTON – It may be the only test you flunk if you score too high: It's called the FICO test and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for “fast track” interest rate freezes on their subprime mortgages, and those who don't. The rate freeze and loan modification program, announced Dec. Tops on the list is the FICO test. More
By: Kerry Freeman EA Tax Planning Views: 6254 | Comments: 0 | Votes: 0
Watch the mail Box for these forms! January is not your mail carrier's favorite time of the year. Every U.S. Postal Service delivery bag is overloaded with statements from employers, banks, stockbrokers and other institutions and agencies that were involved in taxpayers' financial lives last year. Each of these groups has, by law, until Jan. When they arrive, check them! Mr. Mr. More
By: Kerry Freeman EA Tax Planning Views: 4322 | Comments: 0 | Votes: 0
TAX SOFTWARE: IN THIS CORNER… Unless you’re a tax professional yourself, you probably need help preparing your return. More than half of all U.S. taxpayers use a paid preparer to complete their returns; of the rest, many use tax preparation software. Both have advantages, but software can come up short in a few key areas. More
By: Kerry Freeman EA Financial Planning Views: 4324 | Comments: 1 | Votes: 0
Tax season is here. Who are you going to call? By signing your 1040 form, you agree to abide by the tax law that holds you responsible for paying your taxes, regardless of who prepares your return. When it comes to collecting on mistakes, innocent or otherwise, the Internal Revenue Service looks for the taxpayer, not the person who filled out the forms. Mr. Mr. More
