I always felt sorry for people in their 60s, 70s, and even 80s having to make mortgage payments. To see someone living on social security and still making $1,500 per month house payments is not an ideal situation to be in. This often happens when a baby boomer pockets part of the equity received in selling a home and then getting another 30-year mortgage. Next thing you know is that you are 60 and have 25 years left to pay on your mortgage. Read more
My husband and I chartered a course ourselves long ago in the stormy waters of visas, tax treaties and tax consequences. Considering taxes have just got even more complicated, so its no surprise that I field quite a lot of questions from various visa holders especially foreign students on F-1 visas. Suffice to say that the range of information for foreign students is too much to cover in one blog post, so I will focus on the main points. If you need any more information, you know where to reach me!
If you are a foreign student, you already know from your university that you are one of those who are subject to special rules with respect to the taxation of your income. Usually a foreign student is on an F, J, M, or Q visa. Read more
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Tax Cuts And Jobs Act: New Rules And Limitations On Depreciation And Expensing
What Are The Penalties For Not Filing Your Tax Return?
Indiana Tax Business Climate And Tax Credits And Incentives
Tax Reform Eases The Alternative Minimum Tax – But It’s Still There
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