Posts Tagged ‘tax preparation’

My financial advisor, David Benning, forwarded a summary of the tax benefits that were hiding in the fed’s bailout bill. Here is a summary of his summary:
Mortgage debt forgiveness excluded
Ordinarily, debt forgiveness may be taxable, including foreclosure residuals. That is, the difference between what you owe the bank and what the bank gets for your [...]

The smell of tax returns is in the air, and so is the stink of shysters. Tax season means tax preparers and others are pushing high-cost refund anticipation loans. H&R Block, the popular low-cost tax preparation service, pushes refund anticipation loans on its “Fast Money Options” page.
Nothing is free, and nobody will pass up an [...]