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Rental Income : Tax Issues
In the jargon of IRS, any rental activity is considered passive. A passive activity is one that involves trade or business in which the tax payer does not materially participate. There are various tests for determining material participation. But the...
Second Home Can Be A Retirement Option
According to a recent report from Mortgage Bankers' Association, 43 million American households headed by someone 50 or older owned their main residence and 6.6 million homeowners of that age group owned a second home (often located in well-known vac...
Reverse Mortgage
At some point of our life we stop looking too much forward in future -- we have no option, you know. At this point of time you may think of taking advantage of whatever you built up over the years. Reverse mortgage is one such opportunity that one ca...
Mortgage & Lawsuit
IFCD: Prepare for Inflation
Resources for Financial Planning
