Archive for January, 2011

Tenants of Foreclosed Homes – What Are Your Rights?

One of the major problems that the economic crisis has thrown up is that of home foreclosures. This is bad news for home owners, of course, who can no longer afford to pay their mortgages, but too it can present difficulties for people renting their homes.

The reason people renting their homes can be adversely affected is that many are left in an insecure position once the home they live in is foreclosed. Lenders naturally want their money back, and usually the quickest way to achieve that is to sell the property.

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Tax Write-Offs For Small Business Owners

The write-offs that you can claim when running a home-based business are similar to those of with offices outside the home with a few exceptions. Running a company from home allows you to deduct a percentage of the expenses that you would normally pay but aren’t allowable on your personal income tax return. This article gives examples of write-offs that you should consider.

Repairs. Leaky roof Broken window If you need to make repairs to the area where you work then see if they qualify as costs for your business. These are expenses that would not have been deductible on your personal tax return but having a home based business makes all the difference in the world.
Maintenance. Lawn care and snow removal are necessary to the attractiveness and safety of your business when meeting clients in your home. Be sure to keep receipts showing who you paid, the amount, and date of payment in order to claim this cost when you file your return.

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