Tax News
MORTGAGE
INTEREST DEDUCTIBLE EVEN THOUGH TAXPAYER IS NOT
ON TITLE
Many situations occur where the taxpayer has bad credit and cannot
borrow money. A relative may lend money to the taxpayer, but the taxpayers
makes all of the payments and bears the burden of ownership. There is a
case the taxpayer can use to take the deductions associated with ownership.
Couple
Wins Deductions with Respect to Home in Their Son’s Name
SAFFET AND ANA USLU, Petitioners v. COMMISSIONER OF INTERNAL REVENUE.
Tax News
[ 1099s must be issued to some corporations ] [ Mortgage interest Deductible for taxpayer not on title ] [ Can taxes be discharged in bankruptcy ] [ Buying and Selling a Business ] [ Should I Incorporate ] [ Minimum Franchise Tax ] [ Tax Sheltered Annuities ] [ Highlights of Tax Law Changes ] [ Installment Agreements ] [ The Collection Process ] [ Offer in Compromise ] [ Innocent Spouse ] [ Installment sales ] [ Breaking News in California Taxes ] [ Employment Development Department ] [ As the FTB finalizes Form FTB 3504 ] [ For taxable years beginning on or after January 1 ] [ Another Teacher Benefit ] [ FROM THE CONGRESSIONAL RECORD ]
