Immigration

What Happens to My Conditional Green Card if I Get Divorced?

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What Happens to My Conditional Green Card if I Get Divorced?

If you’re the holder of a conditional identification and are becoming divorced, you’ll understandably worry about your permanent residency status. Conditional green cards (formally referred to as “permanent resident status on a conditional basis”) are issued to non-citizens who are married to U.S. citizens for less than two years. A significant distinction between a conditional […]

Loan Modification

What Kinds Of Hardships Are Considered When Determining Eligibility For A Federal Home Loan Modification Program

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Federal Home Loan Modification Program

Only people that are affected by specified extreme financial hardship could also be eligible for a federal home equity credit modification. This has been difficult for many individuals who don’t meet the financial hardship requirements but who nevertheless are having a hard time paying off their mortgage. Nevertheless, you ought to remember of the wants […]

Tax

When Is Cancelled Debt Considered Income?

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When Is Cancelled Debt Considered Income?

If you owe money to someone and are unable to pay, your creditor may cancel, or forgive, the money you owe. In many instances, the Internal Revenue Service treats this cancelled debt as taxable income. In fact, if the value of the debt is $600 or more, you will receive Form 1099-C from the creditor. […]

Tax

What Should I Do If I Have A Tax Lien

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What Should I Do If I Have A Tax Lien

A lien may be a claim against your property made by a federal or government if you fail to pay your taxes. There are variety of downsides to having a lien – it lowers your credit score, it reduces your ability to sell the property, and it’s going to prevent you from refinancing your home. […]

Tax

When Can I Deduct Business Expenses

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When Can I Deduct Business Expenses

For business owners, the question of tax write-off is usually a murky and confusing one. Depending on what proportion income your business brings in, there are potentially thousands or many dollars in savings if you recognize which deductions to require . However, you do not want to require deductions that are not allowed because you […]