Home Foreclosure and Debt Cancellation
The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for this relief. More
At Hartfield Financial&Insurance Services, Inc, we’re focused on giving you access to the information you need to make the right decisions:Health benefits costs. Employee productivity. Compliance. What keeps you up at night? Every small business has its challenges, especially when it comes to health benefits. We’d like to know yours. More
It is difficult for the university students to manage their money related matters since they are hardly aware about the importance of money in real life. Most often, it is seen that these university students squander money lavishly and as such, they fall into debt problems. As such, it is often seen that they fall into debt problems. More
Do you really care about your
money? “Of course”, is the obvious answer. Let’s explore that idea and layout a
few well tested steps you can follow to not only help you care more about your
money but to put you in control of your money. The answer is a resounding…yes. So, we
need to exercise that same care and control with our money. Step 1: Create a “0” based budget. L. More
I have a feature in the new issue of Rolling Stone called "Secrets and Lies of the Bailout," which focuses in large part on the seemingly intentional policy of deception in the government's rescue of the financial sector. Proponents of the bailouts will say that whatever the government did, it worked. As a result, George Hartzman and his clients got creamed. "George was different. More
Flying solo
Single people have different retirement planning priorities
By Dave Carpenter
ASSOCIATED PRESS
2:00 a.m. October 18, 2009
Single people get left out of the picture a lot when it comes to retirement. Typically it's smiling couples who are shown contemplating their sunset years in ads, brochures and magazines. The big picture is about to change, however. More
The Blessings of Homeownership!By Sharman G.
You Establish Credit: Homeownership allows you to establish financial trustworthiness. Your continuous payment on a mortgage will raise your credit rating, and will assist you in the future when you apply for other loans. 2. You pay yearly property taxes. More
You may have seen reports that the federal government is proposing new mortgage-finance rules under which only home purchasers who can afford a minimum 20 percent down payment on a conventional loan would get a shot at the best available interest rates and terms. Freddie Mac, for example, has an overall debt-ratio limit of 45 percent of an applicant's stable monthly income. Tough. More
While the majority of Americans get a tax refund each year, there are many who owe tax and some who can’t pay what they owe all at once. If you find yourself in the position of owing taxes, there are a number of ways to deal with the issue:
Get a Loan to Pay the Balance – If you owe the IRS and don’t pay on time, they will assess interest and penalties. More
Remember, not all tax preparers are created equal. So, when shopping around, ask yourself a few important questions:
1. While you may never need to be represented in an audit or collection, it is important to find a qualified tax professional to prepare and file your return. Enrolled agents are qualified tax professionals.
2. More