Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.
Two consumer groups, the Consumer Federation of America and the National Consumer Law Center are calling for the federal government to regulate tax refund anticipation loans (RALs) because of their extremely high interest rates (50 to 500 percent generally) and excessive fees.
Tax preparation…
Topics: taxes
If you're an employer who has recently laid people off you may be interested to learn about how the U.S. Internal Revenue Service treats COBRA payments.
COBRA allows former employees to keep receiving health insurance through a former employer.
The IRS allows the employer to receive a tax deduction…
Topics: taxes
If you bought a home in 2008 or plan to buy one in 2009, before December 1, you'll be able to benefit from a federal income tax credit of up to $8,000. If you're married, filing separately, you can claim up to $4,000.
The Treasury Department and the Internal Revenue Service announced the tax credit…
Topics: taxes
On Feb. 24, Joseph Evers, the deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency, testified before the House Committee on Financial Services about mortgage performance data. The OCC and the Office of Thrift Supervision, two of the federal government's…
Topics: mortgage
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