Flam Financial Tax Blog

A July 2009 report on Home Mortgage Interest Deductions by the Government Accountability Office has received a lot of publicity recently. The report highlights the tremendous amount of confusion on how to appropriately report Mortgage Interest. And many people speculate that the IRS will soon pay more attention to how people report their Home Mortgage Interest. Read more…

Its official, Cash for Clunkers is a hit. Dealerships throughout the country are being inundated with prospective car buyers anxious to send their clunkers to the junkyard for up to $4,500 in government issued rebates. But with two months still left for the Car Allowance Rebate System (CARS), is the White House ready to pull the plug on the program?

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