Credit Card Law and the 5 Rules You Need to Know You may have noticed a few changes on your credit card statements recently, including lower late fees. That’s because the final round of new regulations from last year’s sweeping credit card legislation just went into effect in August 2010. These most recent credit card regulations protect consumers from...
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Facts about Mortgage Debt Forgiveness If your lucky enough for your lender to have cancelled or forgiven any of your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 2015 and 2016. This provision expires after 2016. 1. Cancelled debt normally...
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Five Important Tips on Gambling Income and Losses Whether you the roll dice, bet on the ponies, play cards, or enjoy slot machines, you should know your gambling winnings are fully taxable and must be reported on your income tax return. You can also deduct your gambling losses…but only up to the extent of your winnings. Here are five important tips about...
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As the year kicks off, it’s time to get a move on the financial housekeeping you’ve been putting off. You’ll want to update important paperwork, retirement accounts, and insurance coverage with any adjustments. You should do these every year. An Annual Financial To-Do List 1. Wills and estates – don’t wait until you have a big...
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Just wanted to take a moment to share our newest High Tower logo. We hope you like it. You may now resume whatever you were doing before. Share...
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Call or Email our office today to request your income tax organizer for the 2013 year. Share...
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