Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...
Question: “We are 74 years old and retired. We have an income of $3,400 a month and we still owe $250,000 on our home with a mortgage rate of 2.5%. We have no credit card debt or car payments and we ...
Depending on what you inherit, how it comes to you, and what you do next, there are some hidden taxes that can catch you out. But when you get your structure right and plan smartly around an ...
You reach for vitamin C when you feel a cold coming on, but did you know it can also deliver a smooth, glowing complexion? In recent years, vitamin C has become a holy-grail item for the skin-obsessed ...
Inheritance tax (IHT) receipts jumped to a total of £6.6 billion through the first nine months of the current 2025/26 tax year, meaning more families are falling into the trap of giving away part of ...
Question: “I am 66 years old. I never had a financial adviser until my sister left me an inheritance eight years ago. In that time, the first adviser changed firms three times before going out on his ...
A 24-year-old woman wrote that she ended her engagement after her 24-year-old fiancé refused to sign a prenuptial agreement and said he was "entitled" to her money if they got married. The original ...
Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. Maskot / Getty Images Your 401(k) passes to the person you name on a ...