Monthly Archives: February 2011

10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Sin #1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you (or … Continue reading

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Jobs Disappoint, but Baby It’s Cold Outside

Boy Howdy Partner, It’s Cold!!   Wells Fargo’s Weekly Economic & Financial Commentary

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2011 Energy Tax Credits: What You Need to Know to Collect

Washington is giving you less green for going green, as the feds reel back the 2011 energy tax credits from a lavish $1,500 to a paltry $500. Other limits on energy tax credits besides $500 max Credit only extends to … Continue reading

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Get Your 2010 Energy Tax Credits: Filing Tips for Form 5695

Sidestep snares in the complex IRS Form 5695 to get all the 2010 energy tax credits you’ve got coming. Fill out the right part of Form 5695 What type of system did you install? If it’s one of the following, … Continue reading

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Schedule A Form: 6 Home Deduction Traps

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation. Trap #1: Line 6 – real estate taxes Your monthly mortgage payment often includes money for a tax escrow, from … Continue reading

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How to Talk to Your Lender About Foreclosure

By: Jerry DeMuth Published: June 11, 2010 When facing foreclosure, the first step is to get in touch with your lender to discover your options. Review the details Start by reviewing all correspondence you’ve received from your lender. The letters–and phone … Continue reading

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