When a single taxpayer sells his or her principal residence that he or she has owned and used as a principal residence for at least two of the previous five years, the taxpayer may exclude up to $250,000 of the gain from gross income. A married couple who meets the conditions may exclude up to [...]

Many people are confused when it comes to obtaining a unsecured personal, or business loan without having to refinance their home, or they have no home equity in the first place to qualify. Plus where to even start to find their best unsecured loan options do to their plight. There are many resources now available [...]

Between the years 1980 and 2030 it is estimated that the largest transfer of wealth from one generation to the next in the world’s history will take place when approximately $41 Trillion dollars is transferred at death from the ‘greatest generation’ (those born between 1910 and 1935) and the ‘Baby Boom’ generation (born between 1945 [...]

We have all been indebted to someone else and we may or may not have cleared it. Debt is the case when we borrow money from a person or company. It could be with interest or without interest depending on the situation. To the lender the debt with the interest is profitable. In this kind [...]

If you are a small business owner then the best way to establish credit is by applying for a business credit card. By completing a business credit card application in the name of your business you are now building credit for the business and are more likely to receive favorable terms as far as interest [...]

In the highly competitive credit card market, the pressure is on the credit card companies to create and maintain innovative benefit programs to lure and keep customers. One very popular benefit has traditionally been airline miles. However, with the current state of the airline industry and the commonly understood drawbacks of blackout dates and inconvenient [...]

Do you have bad credit? Are you looking to purchase a home but keep being turned down? You may want to consider a bad credit mobile home loan. This type of loan requires just proof that you are working and that you have a bank account. It can allow you to get a mobile home [...]

How much you will save as a result of the new tax law, signed last week by President Bush, depends on many factors. Proponents of the new law say that the provisions will benefit almost all taxpayers. They say that not only will individual taxes be reduced, but economic growth will generate higher tax receipts [...]

Angel investors are individuals who invest in emerging business ventures. Angels typically provide both capital and know-how to companies who are in either their start-up or expansion phases. To reflect the increased risk of investing in such firms, angels seek a higher rate of return versus traditional public stock investments. Angel investors fulfill the financing [...]

Bankruptcy can be defined in several ways. In simple terms bankruptcy is a legally declared inability or impairment of ability of a person or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt person or company, or it can just be requested by creditors in an [...]