Archives for October 2010

Limited Liability Company (LLC): The Pros and Cons

Explains what a Limited Liability Company (or LLC) is, what are the advantages and disadvantages when choosing this as your business entity, and the common federal tax forms used.

Why you should try to maximize your “Above-the-line” Deduction If You Can

Explains what AGI or “Above-the-line” deduction means, the various examples of an adjustments to gross income (AGI), and why you need to maximize these deductions.

Buying A Home: Tips on Finding an Agent

On the previous post, we discussed if you should hire an agent or not. And let’s say you have decided that hiring an agent is the right path for you to help you with the buying process, so the next question is how do you find one? Below are some of the useful tips that […]

Buying a Home: Should You Hire an Agent?

So you want to buy a home and you’re wondering if you can do this on your own? Of course, you can! There is really no law requiring you to have an agent when purchasing a house. If you think you can handle the complexity of a real estate contract, then you can move forward […]

The Pros and Cons of Buying Newly Built Homes

From time to time, my wife and I will check out new homes in the area or even in the adjacent communities. We do this to see the various designs and how furniture is set-up in the house. Talk about nothing to do with our lives but, hey, we are planning on buying and moving […]

5 Things you must do in Advance before Purchasing a House

Finally decided on buying a house? Before you make and drastic actions, it is important to know that there are some valuable things that you have to do first. Below are top five things that you need to accomplish:

Tuition And Fees Deduction: When To Use This Tax Relief?

The Tuition and Fees Deduction is an educational tax relief that can help you alleviate the cost of education in the United States. Discusses why you would need to consider this instead of a credit, the various test that you need to pass before you can claim this deduction, what expenses qualify, what expenses do not qualify, who is eligible, and how much expenses you can deduct.

How Your FICO Score Impacts Your Purchasing Power

In a perfect world, it would be really nice if we can purchase everything in cash but for most of us this is not the case. We have to borrow money to buy big ticket items such as cars and houses. When borrowing money, creditors look at your FICO score. Discusses how your FICO Score affects what you can purchase and for how much.