Browsing Archive: April, 2012

US Watchdog Targets Discriminatory Lending

Posted by Dotun Akinsade on Monday, April 23, 2012,

The new U.S. consumer financial watchdog said on Wednesday it will aggressively pursue discriminatory lending practices, including those that may not be intentional but wind up penalizing minorities or women.
The Consumer Financial Protection Bureau on Wednesday sent a notice to banks and other lenders emphasizing that enforcing antidiscrimination laws is a priority.

The agency has also drawn up a tip sheet to help borrowers determine if they are being discriminated against that will be post...


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A refresher for tax season on the some of the intricacies of claiming rental real estate income and losses.

Posted by Dotun Akinsade on Monday, April 16, 2012,
  1. Passive activity limits. Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them.


  2. If there is active participation in a passive rental real estate activity, a loss of up to $25,000 of loss from the activity is allowed. This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities.


  3. Active participation is achieved by owni...

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