Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC §1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more
If you do not file a request for a Collection Due Process Hearing within 30 days from the date of Letter 1058, the IRS can levy your bank account, wages and other assets such as retirement accounts, to collect back taxes. What is a Levy? A levy is effectively a seizure by the IRS of … Read more
Gibraltar, probably the cheapest offshore jurisdiction within Europe, offers unique opportunities to do business tax efficiently. It was one of the first British dependent territories, which developed tax-exempt corporate forms for offshore business. Since then, Gibraltar has established itself as one of the world’s leading offshore financial centres. Unlike many, Gibraltar is not an … Read more
The loan market is quite a tough ride for those borrowers who are facing bad credits. That is because not all the lending companies offer loan to the borrowers with bad credits. Generally, the lenders who offer to give a bad credit mortgage refinance loan charge a very high rate of interest than the regular … Read more
If you are finding it really hard to repay your multiple bills/debts, then bill consolidation may be a feasible option for you. You can combine all your existing bills (such as, your medical bills, utility bills, store card bills, credit card bills, etc.), and replace it by a single one. Bill consolidation is also sometimes … Read more