Showing posts with label mortgage. Show all posts
Showing posts with label mortgage. Show all posts
Sunday, December 11, 2022

A House And A Specialized Trust

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I saw a QPRT here at Galactic Command recently, It had been a while. These things are not as common in a low interest rate environment. ...
Sunday, August 14, 2022

A Foreclosure And A Mortgage Interest Deduction

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I am looking at a case involving mortgage interest. While I get the issue, I think the taxpayers got hosed. I am going to streamline the det...
Sunday, March 27, 2022

Can $2 Million Be An Honest Mistake?

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  It is a good idea to look over your tax return before hitting the “Send” button. Why? Because things happen. Some prep software approxim...
Sunday, March 10, 2019

The IRS Tests Deductibility Of Business Interest

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You may be aware that the new tax law changed the deductibility of your mortgage interest. It used to be that you could borrow and deduct ...
Saturday, December 29, 2018

Is A Form 1099 Automatically Income?

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I have a tax question for you. It may seem straightforward, but this issue actually went to the Tax Court. You bought a house in 2...
Sunday, July 15, 2018

A Bank Of America Horror Story

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A major corporation hounds you almost to the point of death. You sue. You receive a settlement. Is it taxable? Like so much of tax law...
Thursday, August 3, 2017

Is There Any Point To Middle Class Entitlements?

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I was reading a Bloomberg article last week titled “Those Pointless Upper-Middle-Class Entitlements.” It is - to be fair - an opinion piece...