June, 2009
U.S. Will Likely Drop Case Against Swiss Bank Accounts
In February, I wrote that the United States was suing Swiss bank UBS in order to get the offshore institution to release the names of the wealthiest 19,000 of the 52,000 American bank account owners. These depositors have managed to evade paying United States income taxes on the interest earned within these foreign accounts.
The New ...
Mortgage Interest Tax Deduction on Rental Property
As pointed out by reader Jason, another consideration when evaluating the cashflow potential for a rental property is whether you can deduct the mortgage interest on your taxes. To see what the rules are, I always like to start directly at the source, which meant stroll through those fun IRS publications.
First, I ...
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From Peace Garden State to Job State
North Dakota is recruiting workers from around the nation
Reflecting pools and floral displays of the International Peace Garden span the border between North Dakota and Manitoba
North Dakota has emerged unscathed from the economic meltdown and is becoming a leader on the employment front. As if sharing the International Peace Garden with Canada weren’t generous enough, ...
Asking Teens to Chip In
Q Is it fair of my husband and me to insist that our teenage children contribute some of their after-school and summer earnings to our family budget? We're a family of modest means.
Read more about Asking Teens to Chip In...
