A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction. “If people get these things and toss them, they won’t be eligible,”...
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Category Archives: General Issues
IRS Audit Red Flags: The Dirty Dozen
Here are 12 hot spots on your return that can raise the chances of scrutiny by the IRS. Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all individual tax returns annually. The agency doesn’t have enough...
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