Take this poll to see how your finances fare against that of other Americans. How big is your emergency fund?
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The news is mixed, but mostly not good. Americans, and boomers in particular, need to inject their retirement plans with steroids.
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Since you didn’t pay the bank the difference between the value of your stolen car and the loan balance, you have a canceled debt which the IRS considers income to you, says CPA George Saenz.
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Following these tips can help you get in control of your finances.
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Paying on time for a while will rebuild your score, says Dr. Don.
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If you gift the rental home to your son and he lives in it while in law school, the property could qualify for gain exclusion for him, says CPA George Saenz.
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You probably will need to hire an attorney, says the Bankruptcy Adviser.
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Hate the idea of having a big savings account? Follow these six tips to ensure that you never have money in a savings account or emergency fund.
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Property held for investment clearly qualifies as a capital asset, but the construction and sale of several town houses may be a borderline situation, says CPA George Saenz.
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Giving to charity offers many tax breaks, says CPA George Saenz, as long as you follow the rules regarding deduction limits and asset holding periods.
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