Archive for the ‘ United States ’ Category

foreclosure
Andrea A


Do you have to file federal tax return if your company has gone to foreclosure? Please guide me. Thank you
What if you have business loan with 75% SBA gurantee? Do you still recieve 1099A or what ever form?
What if you receive 1099A and you don’t have the ability to pay from your personal income? Please guide me?

Comments (1)

bad credit
TTC #1 <33


I’m engaged and we have been putting off the wedding because I don’t want my bad credit to affect my fiance. Is this true? HELP!!!!
Thank you everyone.

Comments (5)

student loan
Emily


I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will I still be able to write off the interest I pay on my taxes?

Comments (1)

student loan
AG


I know that student loan interest can be deducted.

My student loans are all either in deferment or forbearance. I’m accruing interest on some of them, but I haven’t actually paid any interest yet. Can I deduct the interest that accrued?

Thanks!

Comments (3)

student loan
galaxyy


I have Canadian (government) student loans (in Canadian dollars) which I am still paying back from my Canadian bank account whilst I live and work in the US. Can I claim my student loan interest on my US taxes?
Also do I claim the amount in Canadian dollars?

Comments (3)

student loan
Andrew M


My daughter has two very high interest student loans. Her credit won’t let her do anything, but I can “refinance” it with me getting the loan using my credit. But is it still a “student” loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the “chain of custody” still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.

Comments (2)

student loan
msphenom83


The Student Loan Deduction allows you to deduct up to $2500. In 2007 I paid well over $2500 in interest and obviously want to take advantage of this.

Comments (4)

foreclosure
Jorge L


I have not been able to pay my house for the past six months, it went into foreclosure and know I got to pay Property Taxes but I dont have the money either. Could all of this affexct my ability to get my citizenship.

Comments (2)

student loan
Cindy16


My husband and I have around 30K student loan, interest is about 8%.
Right now we are paying monthly payment, sometimes pays extra in the good days, and hoping to pay it off sometime in the next 5-6 years.
But another hand, because student loan could be one of the income tax deductible, so we are not sure if we should keep the student loan as long as it takes and just pay minimum each month.
Which way actually save us money?
Use student loan as deductible each years or pay it off as soon as we can?

Comments (3)