Several relief provisions can eliminate or reduce the tax consequences of mortgage relief for homeowners.A homeowner on the West Coast recently received a letter from a large bank offering to reduce her mortgage by over $220,000. She contacted a CPA and together they verified that the offer was...

Not-for-profit entities are increasingly seeking partnerships with individual investors and for-profit entities as a source of financing for exempt-related projects. These joint ventures, however, are fraught with danger for the tax-exempt entity. The IRS has vacillated between a favorable...

The decision of when to begin Social Security benefits has been significantly altered over the last several years as investment returns have declined. Specifically, low interest rates (and corresponding low investment returns) make delaying Social Security benefits more attractive. This article...