Monthly Archives: February 2012

Mortgage Debt Forgiveness: 10 Key Points

The IRS provided the following usefull information regarding debt forgiveness related to a principal residence: 1. Normally, debt forgiveness results in taxable income. However, under the Mortgage Forgiveness Debt Relief Act of 2007, you may be able to exclude up … Continue reading

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Portable Productivity: Smartphones Do Invoices, Expenses, Time Billing

These three web-based apps – accessible via your smartphone — provide mobile access to QuickBooks data.   Accounting in the cloud is closer than you might think. In fact, it’s here, in some cases. QuickBooks Online, of course, is entirely … Continue reading

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And you thought federal income taxes were confusing…

The State of Indiana tax laws closely follow the Federal laws, at least for the most part.  When you prepare your state income tax return, the first number you use is your federal adjusted gross income.  For many years it … Continue reading

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