Crazy though it sounds, the U.S. national debt is currently more than $21 trillion. Given the amount of things which could be purchased with this sum, the size of our debt seems nearly unfathomable. Just $1 trillion is an extremely large amount of money. If a private citizen were to have a net worth of $1 trillion, […]
Those who fall into debt have a variety of options to select from when trying to climb out. We’ve devoted plenty of time and energy discussing some of the more commonly selected options. We’ve gone over debt consolidation loans, for instance. We also discussed other types of debt relief, including forbearance, settlement and bankruptcy. Each debt […]
In recent years, the U.S. has seen increasing numbers of foreign persons investing in U.S. real estate. This investment is concentrated in certain areas of the country. Some areas, such as Seattle, have contemplated additional taxes specifically for foreign real estate buyers. The purpose of such a tax would be to stabilize the real estate market […]
As we’ve shown repeatedly in our blog posts, money has a way of bending moral principles. You can take an otherwise upstanding, law-abiding person, and once money is involved, things seem to change. We’ve seen this with insider trading, for instance. Martha Stewart, once a highly regarded public figure, succumbed to the pull of money […]
One of the most pressing issues facing the millennial generation is college debt. The typical millennial college graduate leaves school with a sizable debt load. A small but significant minority of millennials owe six figures. The total amount of student loan debt in the U.S. is above $1 trillion and exceeds credit card debt. The big […]
We’ve touched on the topic of bankruptcy in the past on our blog. We’ve covered the basic mechanics of bankruptcy, and also discussed the specifics of several celebrity bankruptcies. In fact, we’ve learned quite a lot from these earlier bankruptcy related discussions. We now know that most types of debt are dischargeable in bankruptcy. There are, of course, […]
The goal of every Section 1031 exchange is to defer capital gains taxes. To achieve this, taxpayers need to acquire like-kind property in place of their property. At the moment, there is no cap or ceiling on the total tax liability which can be deferred through Section 1031. Politicians have discussed placing such a cap, but […]
Lately, we’ve covered the issue of student loan debt from a variety of angles. We’ve looked at whether student loan debt can be discharged. We’ve also looked at strategies for how to pay off student loan debt . Our coverage shouldn’t be surprising. Millennials are currently saddled with heavy amounts of student loan debt. In fact, millennials are having trouble meeting […]
I had a wonderful experience with Mr. Callahan during my initial phone call. He fully understood my issues and provided me with helpful information on how to proceed with my tax issue. I am very appreciative of his time and expertise!
Erin
Mackay, you are a godsend. Thank you dearly for taking the time to go through in great detail options for our situation. You were patient, thorough and extremely helpful even after you knew we were unable at this time to pay for services. I wish other companies would follow your level of customer service.
I was in despair for years and now finally I have hope.
God bless,
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