Tag: IRS
Will The Mortgage Forgiveness Debt Relief Act be Extended through 2014?
I’ve been asked a lot lately about the Mortgage Forgiveness Debt Relief Act which is due to expire December 31, 2013. This act provides homeowners with cancellation of debt, huge tax relief. Learn more about the Mortgage Forgiveness Debt Relief Act and Debt Cancellation from the IRS website. This 2007 Act has been extended one…
The Growth of Your Small Startup: What You Need to Succeed
Time to Grow Starting a small business is a tough proposition – just look at the success rate: a meager 37% chance of survival if you employ fewer than 20 people. The statistics aren’t too desirable if you look at them like that. There is good news though – The difference between being in the…
Retiring Early? Don’t Forget About 72(t)!
Ask any financial advisor about 72t and I’ll bet you’ll see them cringe. It’s not a popular planning method, mostly because it comes with lengthy restrictions that, if violated, can you lead to severe penalties. Clients don’t like paying penalties. Advisors don’t like when their clients pay penalties. 72(t) has the potential, if done wrong,…
Why it’s Better to Avoid Foreclosure
Foreclosure is widespread in the country as people are finding it difficult with the current recessionary economy. Much more than that, many people aren’t even aware that a foreclosure can actually be stopped as there are plenty of options that are available. Lenders are willing to give alternatives Homeowners that are unable to make the…
Buy Foreclosed Homes and Foreclosure 101
How To Buy Foreclosed Homes – Few Important Things You might have heard that to make money, buy foreclosed homes. But before you can buy foreclosed properties, you must first know how it works. Foreclosure is one of the things that homeowners dread to hear the most. A lot of misfortune is in store for…