Archive for the ‘Taxes’ Category
here I go letting my need for a headline hook to get people to come to the site.I really do not believe there is a recession. Is there a problem? Yes, perhaps larger than most think. And it goes way beyond real estate. However, I think a pretty good explanation of how we got here can be learned here in this powerpoint cartoon. (more…)
It’s shaping up to be a less-painful year for many taxpayers who are preparing their 2007 returns. For one thing, most filers will be getting a special payment from the government, thanks to the economic stimulus package enacted last week. Additionally, some taxpayers who may have been puzzled trying to claim certain deductions a year ago — including one for state and local sales taxes — shouldn’t have any problem this year because those deductions are clearly marked on the 2007 forms. There’s also a new deduction for mortgage insurance. Another twist: a new law that will benefit strapped homeowners whose mortgage debt was forgiven, in part or in whole, during 2007. On the downside, there are tough new record-keeping rules for charitable donations. (more…) |