Category Archives: Uncategorized

By Philip Cioppa, Credit.com

Borrowing money can be smart, but it can also be a trap. Debt comes in the basic varieties: Good, bad and ugly. Here’s how to recognize each one.

The idea might make some shudder: Debt can be good? Believe it or not, it is actually good to have certain types of debt in your financial portfolio, assuming you are comfortable with owing money. Why? Because it is through debt that you can acquire assets such as housing, automobiles and other types of property. In short, the strategic use of good debt can improve your finances and help you achieve your dreams and goals. Continue reading →

Agency says it will file fewer liens and make it easier for businesses to pay on installment plans.

By MSN Money partner
This article is by Stephen Ohlemacher of The Associated Press.
The Internal Revenue Service says it’s trying to help people who are struggling to pay delinquent tax bills, so it’s reducing the number of property liens and easing rules for small businesses to enter into installment agreements.

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By JAN M. ROSEN
MANY taxpayers may be in for an unpleasant surprise this filing season: despite the extension of Bush-era tax rates, some of the breaks they enjoyed on their 2009 returns are not available for 2010.
As a result of the tax changes that President Obama signed into law on Dec. 17, taxpayers should also make sure they have the most up-to-date information, as many tax publications were printed before then. Continue reading →