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There are so many things to consider when thinking about purchasing a home.  You have to think about what you can afford, you have to get approved for a loan (not pre-approved), you have to find the home, and then you have to pay.  Many individuals, especially first-time homebuyers, do not consider the tax implications of purchasing a home and believe it; there are tax implications....

Getting big tax refunds from Uncle Sam can turn the frowns of just about anyone to a smile. The average tax refund this year was about $3000 which is a lot of money. However, it is important that you use your tax refunds wisely. Rather than splurge and destroy your credit totally, you can use your tax refund money in ways that can help you build wealth. This means that rather than visiting...

The year is coming to an end so it’s a good time to start preparing for tax season. It is essential to remember that it is never too early get all your documents in order. The good thing about being prepared is that once it’s time to file your taxes, you’ll be completely ready to either input your data into a software program or sit down with a tax professional. A large number of individuals...

When someone thinks about New York City, taxi cabs are often part of the mental image. What most people do not realize is that drivers and/or taxi operators must purchase the right to drive in NYC.  A “taxi medallion” is often purchased by investors or the drivers themselves.  These medallions are treated similarly to a stock.  The value goes up and down, but the market is much less...

Some of the most successful people make the worst financial decisions.  Being good at singing, acting, or making music and movies does not always mean a person knows how to handle the things that come with success.  To be fair, sometimes well thought out investments just do not pan out.  Keep reading to find out just how bad things can get when celebrities blow all of their money. Michael...

A default judgement is defined as a binding judgement in favor of one party based on the inaction of the other party.  A default judgement can be handed down if you skip court.  Even if you do not think you will win your case, you should at least show up so you have a chance.  In 2017, Tori Spelling failed to respond to City National Bank’s allegations and a default judgement was levied...

Wage garnishment can be ordered by a court when a defendant does not show up or is just ignoring previous court mandates such as child support and/or tax payments.  These rules do not just apply to everyday people, celebrities are subject to these mandates as well.  What happens when they ignore the court ruling? DMX In 2014, rapper DMX was taken to court by his ex-wife for unpaid child...

Casey Kasem was a legendary disc jockey and voice actor.  He brought us America’s Top 40 and the voice of Shaggy in Scooby Doo.  In June of 2014, he ultimately died from complications of Parkinson’s Disease, but the immediate cause of death was sepsis (a systemic infection of multiple organ systems) and his family is ruthlessly battling for his fortune because he did not have a will. Jean...

In the past few years, we have seen people seek to legally change their gender identity, nationality, and race.  Now, a man from the Netherlands is seeking to change his legal age.  He wants to legally become 20 years younger.  This may sound crazy, but some of his arguments may have you second guessing. The Plaintiff Emile Ratelband is a 69-year-old motivational speaker and positive-thinking...

Stealing a credit card number or even an entire identity is easy enough for criminals, but we make it exponentially easier around the holidays.  The shopping madness of Black Friday causes people to be reckless when shopping at stores.  Many people are not aware of the risks involved during holiday shopping and the people that are aware may not know what to do about it. How Big of a Problem...