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Mortgage Interest Deduction Loophole

TAX DUE DATE – Business & Trust/Estate Taxes – September 15th, 2015 – Are you ready?

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September 15, 2015 – This is the last day to file a 2014 calendar year income tax return for your:

  • Corporation
  • Partnership
  • Trust/Estate

Be aware – This due date applies only if you timely requested a 6-month or 5-month extension. If you did not file an extension then there is even more urgency to file your tax return as soon as possible – expect penalties and interest if this is the case, but contact us immediately and let’s get those penalties abated!

Also, you must deposit the third installment of estimated income tax for 2015.

If you need help filing or have questions, feel free to call us today for a FREE initial consultation (800) 425-0570 or email questions to Contact@MrSmartTax.com

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Greece vs. America – The Average American Could Be Worse Off

Greece is in serious trouble – but what about the average American? credit cardThe average US household carries approximately $16,000 of credit card debt; average mortgage debt $157,000; average student loan $33,000 (source http://tiny.cc/ee3q0x) … that is approximately $10,000 of interest per year :/

However, unlike Greece, if an American claims bankruptcy there is no reprieve from certain types of debt i.e. student loans or taxes which essentially creates a “debt prison”.

 

http://tiny.cc/u32q0x