Posts from May, 2015

May 28, 2015 Writing Off Bad Loans You Made So your friend was in a pinch and you thought they’d be good for it and they weren’t. It’s not all bad; you can lower your taxable income as a result. Maybe you loaned money to a friend to help with a struggling situation. But now it’s beginning to look like you are never ... Continue Reading
May 22, 2015 How Grandparents Are In a Great Position To Help Pay for College Grandparents can help with college and lower taxable income. A grandparent helping their grandchild pay for college can be a win all around. When a grandparent that contributes to a 529 savings plan, it lowers assets within the grandparent’s estate. This helps lowering ... Continue Reading
May 12, 2015 Understanding Reverse Mortgages Reverse Mortgages are usually marketed in an appealing way. This could lead to someone asking how is it possible to pay a mortgage in reverse? A reverse mortgage (also known as HECM, Home Equity Conversion Mortgage) works much like a regular mortgage but instead of you ... Continue Reading
May 03, 2015 Debunking 6 Myths About Business Tax Returns Taxes get more complicated for most businesses than they do for individual taxpayers. And not knowing the laws applicable to you is not a justified reason to not comply. Here’s a guide to debunking common myths about business and taxes. When first going into business for ... Continue Reading