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What is mortgage forgiveness?

The Mortgage Debt Relief Act of 2007 can help homeowners in foreclosure or short sale situations   The current housing market is full of foreclosed…

Tax deduction for moving expenses

Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you…

Tax Tip: What your tax preparer needs from you

So you have chosen a tax professional to prepare your tax return. What information should you give them?NEW YORK (MainStreet) — So you have chosen…

Can I claim a home office tax deduction?

If you use part of your home for business, you may be able to benefit from the home office tax deduction. This tax help can…

Tax Tip: You have to consider all your options

When preparing your tax return you are often given choices. Make sure you explore those choices fully.NEW YORK (MainStreet) — When preparing your tax return…

Is It Worth It To Itemize Your Taxes

While the U.S. tax code is rife with loopholes, few people take advantage of them. Only about a third of taxpayers itemize their deductions, according…

Five mistakes to avoid when hiring a tax preparer

Among other things, beware the preparer who promises you'll get money back.NEW YORK (MainStreet) — Here are some mistakes to avoid when looking for a…

Get ready to prepare your 1040

In the next few weeks you'll be getting the information you will need to prepare your Form 1040. Be careful.NEW YORK (MainStreet) — In the…