Today's Topics include an interesting take on the current state of our economy shared by the crew at Keeping Current Matters and some great information from the IRS.
While we are all aware that our economy has taken a dive in recent weeks and we are all stunned by rising food and gas prices, dropping home prices, and crashing markets, the article by Keeping Current Matters suggests that things may not be quite as bad as they seem.
The tax tips provided by the IRS come as a list of 10 tips for anyone who is planning to sell a home or who has recently sold a home. It also includes information for anyone who received the
First-time Homebuyer Credit and within 36 months of the date of purchase, the property is no longer used as your principal residence. The IRS article which discusses the Mortgage Forgiveness Debt Relief Act and Debt Cancellation was written in 2009, however, the information is still pertinent today. As always, be sure to seek professional advice from your tax advisor regarding your specific tax situation.
The articles mentioned can be found by scrolling down.
While we are all aware that our economy has taken a dive in recent weeks and we are all stunned by rising food and gas prices, dropping home prices, and crashing markets, the article by Keeping Current Matters suggests that things may not be quite as bad as they seem.
The tax tips provided by the IRS come as a list of 10 tips for anyone who is planning to sell a home or who has recently sold a home. It also includes information for anyone who received the
First-time Homebuyer Credit and within 36 months of the date of purchase, the property is no longer used as your principal residence. The IRS article which discusses the Mortgage Forgiveness Debt Relief Act and Debt Cancellation was written in 2009, however, the information is still pertinent today. As always, be sure to seek professional advice from your tax advisor regarding your specific tax situation.
The articles mentioned can be found by scrolling down.
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