Short sale and tax consequences

Sun May 1, 2011 11:05PM

Q: Do I have to pay tax after a short sale? I am selling my house short and the neighbor told me that the IRS requires lenders issue form 1099C for all debt that was forgiven. In my case,...

Car tax deduction - how to turn car expenses into tax deductible fortune

Sun Mar 20, 2011 11:03AM

Before I proceed, here is the disclosure - tax regulations are very fluid and whatever in this post is perfectly valid today, may not be valid tomorrow. I am not an accountant. Always seek professional accounting help, preferably from...

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Tax deductible vacations - tips

Sat Feb 5, 2011 11:02AM

Unlike the Tax deductible vacations, how to increase tax deductions on travel post, this one will simply contain tips, more or less. I am putting these tax deduction tips for those who have no time to read thick books....

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Tax deductible vacations, how to increase tax deductions on travel

Thu Mar 25, 2010 11:03PM

When it comes to tax deductible vacations, nothing can be more important than keeping proper documentation. So before we even dive into all the legal ways and many pointers on how to increase tax deductions on travel, understand that...

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How to reduce taxes legally - tax reduction strategies

Fri Mar 5, 2010 10:03AM

How to reduce taxes legally becomes the most popular topic for many, starting right after new year. This year Vancouver Games did take some of your attention away. Now that Olympics are over, you need to shape up. Frankly,...

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How to lower your taxes

Tue Feb 23, 2010 12:02PM

First this disclaimer. I have wanted to write about income taxes for a long time, but never had any to spare. Finally, after talking to a few friends, relatives and ex coworkers, I decided that I must find some....

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