Help For Homeowners From the Obama Mortgage Relief Plan

April 25, 2012 by  | Leave a Comment Filed under: Loans 

The Obama Mortgage Relief Plan offers hope to millions of American homeowners. Nine million homeowners are estimated to potentially benefit from this program. It was originally introduced in 2009 and is designed to help people keep their homes and avoid foreclosure. This will be accomplished by (read on...)



How to Inquire About Your Eligibility in the Obama Refinance Plan

April 25, 2012 by  | Leave a Comment Filed under: Loans 

The Obama refinance plan was introduced as the government’s response to the increasing numbers who were severely affected by the economic downturn. One of the more famous documents Home Affordable Refinance Program (HARP) was specifically targeted at home owners who owed more on their (read on...)

Which Debt Consolidation Loan Is Right For You?

February 11, 2012 by  | Leave a Comment Filed under: Debt 

Consolidating your debt can give you an opportunity to finally start paying down your balances. A lower interest rate will allow you to spend less on interest and more on the principal balance. Putting more money toward your balance each month will allow you to pay less interest as your balance (read on...)

1099S: How to Avoid an Audit

January 17, 2012 by  | Leave a Comment Filed under: Taxes 

Processing 1099’s can be confusing and frustrating. Here are some facts you need to know! General Rule: If you pay someone more than $600 in a calendar year for services, not material/product, then you are required to provide a 1099 showing the amount you paid. One tip is to collect a W-9 (read on...)

Keep the Receipt or Lose the Deduction

January 13, 2012 by  | Leave a Comment Filed under: Taxes 

Time after time, there are rulings from the IRS stating someone lost their deduction due to bad record keeping. Karen Hough had to pay $100,849 in taxes because she “estimated” the business expenses. She relied on her testimony to prove the deductions, while the IRS required (read on...)

Choosing the Right Entity

January 13, 2012 by  | Leave a Comment Filed under: Taxes 

If you are looking to start your own business, there are many things to consider. One of the most important things is what kind of business entity you should be. The four most common are: Sole Proprietor, Limited Liability Company, S-Corporation, and C-Corporation. Which business type you choose (read on...)

Considerations To Make Before Opting For Bankruptcy

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

People file for bankruptcy when they are drowning in debt without a way of getting rid of the financial crisis. This legal status imposed on an insolvent individual means that he/she cannot repay the debts owed to creditors. Insolvency can result from various factors that cause your expenses to (read on...)

Getting Ready For The Year End: Receipts to Keep

November 22, 2011 by  | Leave a Comment Filed under: Taxes 

In this article, I will discuss what receipts to keep and give a review of which taxes and filings you need to be aware of. -What receipts to keep/what to toss 1. Personal-Only keep those receipts that relate to something on your tax return. Examples: a. Medical bills/receipts b. childcare (read on...)

Getting Ready For Year End: What’s Tax Deductible?

November 16, 2011 by  | Leave a Comment Filed under: Taxes 

In this article, I would like to discuss what’s deductible for business; and why we need to track large purchases for our business separately. -What’s deductible? Gathering information for your tax return is much simpler once you know what you are able to deduct for your business. (read on...)

Bankruptcy Trustee, Friend Or Foe

November 12, 2011 by  | Leave a Comment Filed under: Bankruptcy 

One of the most difficult choices in life that is faced by persons with money problems is the decision to file for bankruptcy. In this legal action, all one’s financial assets are placed in the care of a bankruptcy trustee until the case is discharged. It is good for the person who makes (read on...)

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