How the IRS defines ‘real estate pro’ | Inman News
For those of you are are ‘real estate professionals’ for IRS tax purposes (which means you get a much greater ability to deduct expenses) then check out this article about a recent Tax Court case where a landlord who personally managed and owned 28 residential properties lost when challenged by the IRS. A great primer […]
Will my Husband’s Business Card Debt Hurt my Credit After Divorce? | Fox Business
Will my Husband's Business Card Debt Hurt my Credit After Divorce? | Fox Business.
Modified mortgages show ‘alarming’ default trend – The Tell – MarketWatch
The oldest permanent modifications made through the federal Home Affordable Modification Program, which launched in 2009, were redefaulting at a rate of 46.1% as of March 31, according to the report from the special inspector general overseeing the Treasury Department’s efforts to shore up the U.S. financial system. HAMP’s permanent modifications from 2010 have redefault […]
Is pre-paying for your funeral a good idea? | Advocate Daily
An alternative for which I’m a believer is that you should instead consider investing the money spent on a prepaid funeral by investing your money in a tax free savings account. That way you have control over how the money is invested and you can still prearrange your funeral so that your wishes are carried […]
Wall Street betting billions on single-family homes in distressed markets – The Washington Post
Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that won’t be sustainable. Drawn by the prospect of double-figure profit margins on rents and the resale of homes whose prices plummeted […]
IRS mining eBay, Facebook, emails to catch cheaters | Inman News
Question of the day: Should the IRS be looking at your Facebook, eBay, Twitter, Paypal pages/transactions and emails to see if you are cheating on your tax returns? Example – you post photos of your latest ten-day Hawaiian vacation but claim virtual poverty on your tax return. Fraud – maybe not but enough to warrant […]
Number of the Week: College Grads in Minimum Wage Jobs – Real Time Economics – WSJ
Number of the Week: College Grads in Minimum Wage Jobs. While the raw number of college grads stuck in minimum-wage jobs remains elevated, their share of such jobs is at more or less its 10-year average. About 8% of all minimum-wage workers held at least a bachelor’s degree in 2012, a figure that has bounced […]
How to buy real estate in an IRA – TaxWatch – MarketWatch
Looking for a better return on your retirement funds then check out buying and holding investment real estate with your Roth IRA, IRA or any qualified retirement plan. I’ve assisted a number of investors over the years who are looking for diversification in their investment portfolios with this process. Having all of your assets in […]
Like your credit score? Look closer
Only 1 out of 5 annually check their credit history though it costs nothing to check at www.annualcreditreport.com. I personally try to check atleast once a year for any erroneous information or more likely – signs of identity theft. Like your credit score? Look closer.
Tax Q&A: Best filing status for self-employed couples
Q: If my wife and I are both self-employed with separate businesses, would it be more financially advantageous to file jointly or separately? See answer below. via Tax Q&A: Best filing status for self-employed couples.