An Overview of Personal Loans

An Overview of Personal Loans

An overview of personal loans has to take in to account – among other things – the different types of personal loans available, the ways in which the charges are structured and the various terms …
Loans for People with Bad Credit

Loans for People with Bad Credit

You need to get a loan for something, but you don’t have the credit history that it is going to take to get the loan. No worries, there are still ways that you can get …
The Danger of a Loan

The Danger of a Loan

From time to time we may all be tempted to borrow money, especially if we want to buy a new yacht, car, second home, business, home improvements or pay for a holiday. A loan is …
Tax Consequences of Selling a Home

Tax Consequences of Selling a Home

Real estate sales are booming. You decide to sell your property. What do you have to worry about with Uncle Sam? That depends. Real estate property sales are treated, for tax purposes, dependent upon the …
Unsecured Personal Loan Bad Credit

Unsecured Personal Loan Bad Credit

If you have bad credit due to problems such as missed payments on bills, bankruptcy or foreclosure, it can be difficult to get an unsecured personal loan. However, you can still get an unsecured personal …
Alternatives to Car Dealership Financing

Alternatives to Car Dealership Financing

There are several alternatives to car dealership financing which should be considered prior to entering in to any agreement. As car dealership financing comes in a huge variety of different types, it is also imperative …
Tax Consequences of Mortgage Payments

Tax Consequences of Mortgage Payments

Uncle Sam wants you – to be a homeowner. The proof is in the tax consequences of mortgage interest. For decades, the IRS has allowed mortgage and other associated costs to be deducted from your …
Taxes on Social Security Benefits

Taxes on Social Security Benefits

Most people are surprised to find out that sometimes Social Security income is taxable. For most people it isn’t subject to federal income tax, but if your income is high enough, Uncle Sam wants his …
About the Vat Capital Goods Scheme

About the Vat Capital Goods Scheme

The UK Value Added Tax (VAT) is Britain’s consumption tax. Special schemes exist for a number of situations, including the sale of capital goods and the sale of second-hand goods. Registered retailers can use the …
Working Family Tax Credits

Working Family Tax Credits

Who Finds Time Conning? Behind the dole door of Westminster that shows the number of unemployed, there is a bigger door that takes the flak which deploys an immeasurable poverty that has ‘New Labor’ written …
A Guide to the Alternative Minimum Tax Amt

A Guide to the Alternative Minimum Tax Amt

The alternative minimum tax (“AMT”) is a tax that was developed to ensure that certain high-income corporations and individuals pay a certain minimum amount of tax.  Essentially it is designed to prevent these high-income earners …
What is a Tax Informant Award

What is a Tax Informant Award

Be a snitch for the IRS and you can make big bucks. That’s absolutely right, the IRS refers to these snitches as whistleblowers. “If the IRS uses information provided by the whistleblower, it can award …
Whistleblower Award Taxpayer Award

Whistleblower Award Taxpayer Award

In 1876, Congress passed a law creating the “Tax Informant Program”.  Simply, this program allows the Treasury Department to pay people who provide information leading to the collection of unpaid taxes.  One form of this …
Repaying the first Time Homebuyer Credit

Repaying the first Time Homebuyer Credit

The first-time homebuyer credit applies to homes which have been purchased before September 30, 2010. Eligible first-time and long-time homeowners who purchased new homes in 2009 and 2010 can receive a maximum credit of $8,000 …
New Tax Breaks for Business Owners

New Tax Breaks for Business Owners

Tax season is here again, so business owners are scrambling to find ways to keep as much of their money as possible. Although many people feel that the United States is trending toward higher taxes, …
What is the Making Work Pay Tax Credit

What is the Making Work Pay Tax Credit

Regarding the “Making Work Pay Tax Credit,” be careful in claiming this as a benefit because you might end up having to pay. As the old adage goes: “There are no free lunches.” First of all, …
A Guide to the Alternative Minimum Tax Amt

A Guide to the Alternative Minimum Tax Amt

The alternative minimum tax (AMT) is a parallel tax system imposed on high income individuals, corporations, estates, and trusts. Its purpose is to ensure that high income earners cannot use tax shelters to reduce their …