Word: write-offs
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Next waves? Right now we're dealing with a growing number of foreclosures that are being caused by unemployment. If you don't have a steady stream of income, you don't qualify for those loan-modification programs. People with those problems will inevitably wind up going into foreclosure. Secondly...
In the hopes of regaining control of how their money is being invested, many families have been asking about the possibility of cashing in their 529 accounts altogether and writing off the loss on their taxes, says Joe Hurley, who runs savingforcollege.com, a website that provides information and advice about...
Your chances of getting a tax break. The bad news is that in many cases, investors can't write off as much as they might think. Among the restrictions: you must completely liquidate your account in order to claim a loss. You have to claim it as a miscellaneous deduction...
Most of the CBL contracts with German municipal authorities were concluded in the late '90s. After a while, the IRS caught on to what was clearly a tax scam on the part of the American investors. The tax write-off applied to purchases of foreign infrastructure assets. But the German...
That's where Donahoe's tough love comes in. First, he's acquiring companies like Bill Me Later, a payment system, and Danish classified-ad sites that have synergy with eBay's brand. He's also re-evaluating whether to spin off Skype, the voice-over-IP phone-system acquisition...