Most of us have an idea of what income is for federal or state tax purposes. Wages are income, as are gains on the sale of stock. Dividends and interest also qualify. We know that. It’s intuitive and easy to understand. The classic definition of income is that it’s the return on labor or capital. [...]
November 2011
The latest recession has spawned a whole industry of websites crowing about how to properly deal with too much debt. For example, if your house is worth less than what you owe on your mortgage, perhaps a website will promise to negotiate a short sale–that is, the lender will accept less than the pay-off but [...]
You tried every possible way to avoid it, but you finally decided that you had no choice–you filed a bankruptcy. But you want to continue to pay some creditors, like your house payment and your car payment. But when you go to make a payment online, or set up a bank draft, you find that [...]
