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Keeping Your Credit and Debt Real Simple

Managing your credit and debt is the foundation to your financial success. No matter what the circumstances are, there is light at the end of the tunnel. Keeping Your Credit Simple Example: A client of ours is a business owner who wanted to fine tune his credit for a small business loan. He is a […]

Foreclosures, Repossessions and Cancellation of Non-Business Debt

Written by Glen R Allie, CPA and Partner at Del Principe and Allie The tax treatment of debt cancellation will vary depending on your situation.  The cancellation of debt may result in ordinary income, income from the sale of assets, or both.  However, there are exceptions and exclusion from the possibility that income will be […]

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