Category Archive: IRS Tax Settlement

Dec 10

Tax Deductions and their Impact on the Mortgage Sector

Tax Deductions and their Impact on the Mortgage Sector

In order to reduce the budget deficits, both democratic and republican parties seem to agree that eliminating certain tax breaks is the way to go. Homeowners are allowed to deduct mortgage interest from their yearly tax. When the tax cuts come under congress’ microscope, mortgage interest deduction will most likely be discussed. The authorities may …

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Aug 04

IRS Looking for New Audit Victims, Could You Be Next?

Always on the prowl, the IRS is reported to be stepping up investigating many different types of potential tax issues to suck more money out of strapped American in the coming year. Singled out by those in the know are taxpayers who have claimed interest deductions on mortgage and equity loans. This could spell trouble …

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Jul 28

Unpaid Taxes Piling Up Everywhere

The certainty of taxes is a topic of fierce debate in our nation’s capital these days, but for most Americans, things haven’t changed much – record amounts of people owe taxes that they can’t realistically pay. In an attempt to highlight their own state’s money woes, Wisconsin recently released a list of their top 100 …

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