Recent Articles

NonRecourse Debt

A form of a loan whereby the lender relies on the value of the collateral and no other party in case of default on the loan. This is not a common type of loan in the business world due to the volatility of most assets. In general these loans are only used in very low risk capital needs situations such as real estate or the purchase of financial instruments (bonds and annuities).

Real Estate Investment Trusts – REITs

12/09/2014

Real Estate Investment Trusts are corporations, trusts or associations that act as agencies in real estate and associated mortgages. This is a specialized tax segment and it requires recognition by the Internal Revenue Service to operate as a Real [...]

Crowdfunding in Small Business

12/07/2014

The process of collecting a large pool of investors, each contributing or investing a small amount of dollars for a highly focused project is referred to as crowdfunding.  The crowd is financing the project or goal.  This is very similar to how [...]

Form 1099-C: Cancellation of Debt

06/16/2014

If you received a 1099-C, the first question you ask is: ‘Do I have to include this in my taxable income?’  Well, the answer is ‘it depends’.  Not what you want to hear but there is a lot of variables involved in answering this question.  [...]

Recourse and Nonrecourse Types of Loans

04/27/2014

When a lending institution loans money they mostly fear nonpayment of the debt.  Often these loans were implemented due to a third party’s endorsement.  To qualify the endorsement the bank may require the third party guarantee the debt.  This [...]