September 24, 2013
Generally speaking, whenever you settle a debt for less than you owed, the difference counts as income – taxable income.
A short sale is a form of debt...
March 21, 2013
You do — which comes to most people as a surprise.
You probably know that you owe a nanny tax on the wages of a regular babysitter. That same tax applies to any household employee. That includes someone you hire to clean your house, even...
February 19, 2013
NEW YORK (MainStreet) — One of the expired tax breaks extended by the recently passed American Taxpayer Relief Act of 2012 is the cumulative “Nonbusiness Energy Property Credit” for...
February 8, 2013
Due to the subprime mortgage crisis and the economic recession, millions of homeowners have found themselves struggling to make mortgage payments on properties that have lost much of their value. Aside from the onslaught of...
February 1, 2013
When you retire, you may find that there are many options when it comes to choosing where to live out your golden years.
Key factors in your decision-making will likely include climate, proximity to family, recreational opportunities, the...
January 24, 2013
The current housing market is full of foreclosed homes and properties that have plummeted in value. In fact, it has been reported that the real estate market has a negative equity gap of about $3.7 trillion, with millions of homeowners underwater...