Renting property is a chance to generate income and build equity in your property. If you can rent your property for at least an amount to offset your mortgage, you are doing okay. Anything over that amount can go right into your pocket. There are also a number of tax deductions that ca...
relieving homeowners from being taxed on any mortgage debt that was forgiven through a short sale, foreclosure or loan modification. If distressed homeowners are subject to tax on millions in debt forgiveness, short sales will likely decrease ...
The new measure also mandates that all tenant rental applications contain the following new language: “An applicant for housing or credit with a sealed record on file with the court pursuant to section of chapter 239 of the General Laws may answer ‘no record’ to an inquiry relative to that...
grants, loans, and tax breaks over the next decade to be given to local biotech companies. The government is following through with their promise; they have presented over $761 million in seed-stage funding for these businesses
Healey signed Bill H.4104: An Act to Improve the Commonwealth’s Competitiveness, Affordability, and Equity into law, which impacts several Massachusetts tax laws, including the Massachusetts estate tax, the short-term capital gains tax, the Massachusetts Millionaires Tax, the rental deduction, and ...
Healey signed Bill H.4104: An Act to Improve the Commonwealth’s Competitiveness, Affordability, and Equity into law, which impacts several Massachusetts tax laws, including the Massachusetts estate tax, the short-term capital gains tax, the Massachusetts Millionaires Tax, the rental deduction, and ...
DSCR business loans are best suited for real estate investors, business owners, and other entities with strong rental property income and cash flow but lower personal incomes because of the deductions they take on their tax returns. These loans are often used for financing investment properties or...
Bank statement loans offer a flexible option for those whose tax returns may not fully represent their incomes. With these investment property loans, your lender will review bank statements to verify income instead of tax returns, opening doors for entrepreneurs looking to invest in Massachusetts real...
including the filing of a notice of appearance on behalf of the eligible individual. To qualify, individuals must receive certain public assistance benefits, have an after-tax income that is 80% or less of the area median income (AMI), or be unable to pay for legal representation without imp...
At one point, House and Senate lawmakers were close to a deal on a two-year extension. But the White House objected because key business tax provisions were given permanent status while others affecting low- and moderate-income households would still have had to be extended each year. The on...