There was a time that determining the correct deductions for your home office was complicated and could lead directly to an audit. Luckily, those days are in the past. The IRS no longer considers a home office a red flag, and they have found ways to simplify the process of taking this deduction. Before 2013, […]
What to Do if Your Tax Refund Check is Stolen or Lost
Whether your tax refund check was lost or stolen, swift action is the best course of action to handle the situation. The longer you wait, the more difficult it becomes for the IRS to track the check and get your money to you. These are the steps you need to take. Lost Refund Checks Lost […]
SBA Halts Loan Guarantees for Small Businesses
The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months left in the fiscal year. SBA spokesman Miguel Ayala said the capacity for fiscal 2015 was exceeded by stronger-than-anticipated demand for […]
Why Athletes Go From Rich to Poor – Learn From Their Mistakes
Sports leagues like the NFL, NBA, and to a lesser extent the MLB and NHL create almost overnight millionaires when they recruit young players into the world of professional sports. Many of these athletes come into this brave new world straight out of the somewhat sheltered worlds of family and college. Many of them have […]
What Does the Executor of a Will Do?
A number of decisions have to be made when a Last Will and Testament is created. The majority of those decisions relate to the disposition of estate assets; however, there are other decisions that must be made as well, including the appointment of an Executor. All too often, the appointment of an Executor is more […]
Online Gambling – Do I Need to Report What I Win?
Gambling, in one form or another, is certainly nothing new. For some people gambling is nothing more than an occasional form of entertainment while for others it is a profitable way to make a living. Over the last decade, recreational gambling has increased noticeably, due in large part to the rapid growth of online gambling […]