From the November, 2012

What's up with the Tax Hike Talk?

Now that the election’s over and the fiscal cliff is looming, Congress and the White House are sparing again over taxes and how to fix the impending issues. The newest slavo of talks (or […]

Mortgage Forgiveness Debt Relief Act – Will it be extended?

Congress passed the Mortgage Forgiveness Debt Relief Act of 2007 as a means of providing underwater homeowners with options to reduce the tax liability resulting from forgiven mortgage debt. The act is now set […]

Can Taxes be discharged in Bankruptcy?

Just about everyone you talk to says that Taxes can’t be discharged in bankruptcy but is that really true? Some taxes, particularly income taxes, CAN be discharged in a bankruptcy proceeding if they meet […]

But I feel bad if I file for bankruptcy…

Many of us do not give much credit to our representatives in the Federal government, but perhaps we should thank them for creating and keeping a method for people who are financially down on […]

South Carolina Tax Hack – The problem with giving up so much information

Ever wonder what could happen with all the data you disclose to the IRS or the state taxing agency? Taxpayers in South Carolina found out recently. An international group of computer hackers broke into […]