During the severe and ongoing housing market crisis millions of homeowners found themselves “underwater” on their mortgages, owing more than the market value of their homes. That made it virtually impossible to qualify for refinancing or to sell the home and generate enough money to pay off a burdensome loan. The inevitable result was the …
Tax on Forgiven Foreclosure Debt May Return in 2014 Read More »
Everyone loves to discover a valuable and legal tax benefit that makes them eligible for deductions. There are all sorts of categories of business expenses, for instance, that a small business owner or sole proprietor such as a freelancer can list as legitimate deductions. Let’s say, for instance, that you run a day care center …
Many tax payers are fairly diligent when it comes to making their annual contributions. But there are times when residents may suddenly find themselves behind payments and in deeper than they thought before. There comes a time when many people will need to get support when they have fallen behind on making these payments. Most …
What to do when you have fallen behind on paying your taxes? Read More »
