Tax Records - What You Should Keep And For How Long
Many taxpayers are confused about how long they should keep tax records. The term "tax records" refers to your tax returns and the documents that support the information in the returns. These documents can include receipts, bank statements, 1099s, etc. If you are one of the unlucky few to be ... more...

Secrets of Making Money from Real Estate - Part 2
Leverage: With real estate, people and companies will lend you money to invest. How much real estate can you buy with $20,000? Probably between $100,000-$300,000, depending on the lender. So you only really need a small portion of the funds to buy an expensive asset.High level of control: With real ... more...

Will a 1031 Property Exchange Solve Your Problems?
If your problem is listed below, a 1031 exchange may or may not be your solution.1. Are you a landlord that doesn't want to manage property anymore?2. Do you want to sell your investment property, but don't want to pay huge amounts of Capital Gains Tax?3. Is your current income property not ... more...

Send Your Child to College FREE!
College is one of the largest expenses through the course of your child’s life. It is also one of the main causes of debt in America. With today's rates of inflation, it is very hard to save for an event that will occur eighteen years down the road. However, capitalistic America has provided many ... more...

History Of The Federal Income Tax
The powers of Congress, and the limitations set upon those powers, are set forth in Article I of the United States Constitution. Section 8 specifies both the power to collect, "Taxes, Duties, Imposts and Excises," and the requirement that, "Duties, Imposts and Excises shall be uniform throughout ... more...

How to Send Your Child to College For Free
Dont use a home equity loan to pay for your childs college education.Use a home equity loan to buy a house for your child to live in and rent out while he is at school! The house will pay your childs college costs.This method will work if the college he/she is attending has private student housing ... more...

New Year's Resolution for Renters: Buy a Home in 2006
Are you still renting a home or apartment for yourself or your family?If so, you're losing money. Think about these three ways you lose money by renting:1. You're paying for someone else's mortgage payment. You're missing out on the appreciation that the property gives to the landlord. ... more...

Investing in Residential Real Estate: Achieving Positive Cash Flow
When investing in real estate, it is highly desirable to achieve positive cash flow on a month-to-month basis. This is true even if you are counting on property value appreciation to supply the bulk of your desired return on investment. If you are losing money month-to-month, you may find all of ... more...

Tips for Choosing a Commercial Mortgage
A commercial mortgage is the most common way to finance the purchase of land or buildings for a business. It is often the most flexible and affordable solution.How Does a Commercial Mortgage Work? Commercial mortgages may be structured several different ways but the two most important aspects to ... more...