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Importance of a good credit score

By: NCR Credit Plus Credit Repair Views: 2743 | Comments: 0 | Votes: 0

NCR Credit Plus

You may not even know all the different ways that your credit score can affect you over your life. But there’s an invisible industry that collects information about your financial history, and it will keep popping up to surprise you again and again. Here’s a list of the top situations where a bad credit score could really come back to bite you. * Employers. * Getting a car loan. More

Reverse Mortgages - Pros and Cons

By: Goran Jovanovic Home Loans Views: 2170 | Comments: 0 | Votes: 0

Goran Jovanovic

A reverse mortgage is a type of loan that allows seniors to turn some of their home's equity into cash. Unlike a home equity loan or second mortgage, however, the loan doesn't have to be paid back until the home is sold or it is no longer the mortgage holder's primary residence. - Income from a reverse mortgage typically does not affect Social Security or Medicare benefits. More

What is a “Reasonable Salary Compensation?”

By: Steven Leibold, EA Tax Planning Views: 3966 | Comments: 0 | Votes: 0

Steven Leibold, EA

  Who's an Employee of the Corporation? Generally, an officer of a corporation is an employee of the corporation.   Treasury regulations provide an exception for an officer of a corporation who does not perform any services or who performs only minor services and who neither receives nor is entitled to receive, directly or indirectly, any remuneration. More

IRS Focus on Foreign Athletes and Entertainers

By: Daniel Stoica Tax Planning Views: 2116 | Comments: 0 | Votes: 0

Daniel Stoica

IRS has launched an Issue Management Team focused on improving U.S. income reporting and tax payment compliance by foreign athletes and entertainers who work in the United States. The initial focus is on those engaged in tennis, golf and music. These individuals and those associated with arranging their appearances in the U.S. They are required to file a U.S. More

Can Predictive Data Mining affect your credit score?

By: WiseSaver Credit Repair Views: 6789 | Comments: 0 | Votes: 0


You’re not paranoid. They really are out to get … your data. Where you shop, what you buy, the websites you look at, even your Twitter feed — it’s all of interest to a wide range of companies. Now, those companies are taking the next logical step and trying to predict potential credit risk based on lifestyle choices, he said. How can what you buy hurt your credit? More

Mortgage Modifications

By: Goran Jovanovic Home Loans Views: 2363 | Comments: 0 | Votes: 0

Goran Jovanovic

Many homeowners tackle household repairs and improvement projects themselves to save money. Yet when it comes to updating their mortgages, these same do-it-yourselfers may not even consider it. Why? Modifying your mortgage can save money, and it's not difficult. Here's how: A loan modification is simpler than refinancing. When modifying your mortgage, be sure to shop around. More

Lender plans to forgive a portion of principal

By: Kenneth R. Harney Home Loans Views: 3382 | Comments: 0 | Votes: 0

Kenneth R. Harney

For hundreds of thousands of homeowners who are underwater on their mortgages, it's been a tantalizing question: Is there any way that our lender might agree to lower the amount we owe — not just the monthly payments but the principal debt itself? Until now, the answer virtually always has been a resounding no. Announcement soon? The same would be true for the second and third years. More

Credit score can survive smart loan modification

By: Kenneth R. Harney Home Loans Views: 2436 | Comments: 0 | Votes: 0

Kenneth R. Harney

Financially stressed homeowners looking to cut their mortgage payments through a loan modification, short sale or principal reduction under one of the Obama administration's programs needn't wreck their credit scores in the process. Other alternatives to modification -- such as foreclosure and bankruptcy filings -- can tank your scores and take years to rehabilitate. Kenneth R. More


By: Matthew Barrett Payroll Views: 2550 | Comments: 0 | Votes: 0

Matthew Barrett

There are two components to this bill: · Social Security Tax Exemption – Qualifying employers will be exempt from the 6.2% employer portion of social security tax for qualified individuals hired between February 4 and December 31, 2010. Only social security taxable wages up to the wage base paid between March 19 and December 31, 2010 are eligible for the tax exemption. More

Guide to offshore banking in 2010

By: Telecom Advisor Personal Finance Views: 3564 | Comments: 0 | Votes: 0

Telecom Advisor

2010 is set to be significant year for the respective banking industries of many countries around the world.  In the UK customers look set to find the best savings deals, and banks are predicted to make moves to re-establish trust with savers more eager to switch to new accounts and new providers.  So how is the offshore savings sector likely to change? More