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Rental Property Tax Changes (Form 1099) and Foriegn Bank Accounts and Assets Disclosure Requirements

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Two new tax changes were implemented in recent legislation that may affect a number of tax payers filing 2010 returns in 2011. One affects landlords who now need to disclose all payments made above $600. The other affects people with certain assets outside the US, who now have to formally disclose foreign holdings (like bank […]

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Too Expensive to File For Bankruptcy

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The online WSJ recently ran a piece on the rising costs of bankruptcy: Individuals who have filed for bankruptcy protection since Congress overhauled U.S. bankruptcy laws in 2005 have faced a more expensive process as attorneys’ fees have risen by roughly half, according to a government report. In a report issued Monday, the U.S. Government […]

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