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Oops, Interest-Free Loans Are Taxable
Wed, 22 Feb 2012 06:18:39 -0800
Suppose your employer loans you money, and like a good employee, you repay it. Neither event is taxable. But paying interest has tax effects to you both. What if you agree there?s no interest?
Student loans are a ticking 'debt bomb'
Wed, 22 Feb 2012 04:27:03 -0800
It?s a vicious cycle. Many families in this country cannot afford the skyrocketing cost of higher education without student loans. But many graduates can't find a job to pay off the loans.
Quicken Loans Waves Green Flag on New Racing Website
Tue, 21 Feb 2012 12:21:00 -0800
DETROIT, Feb. 21, 2012 /PRNewswire/ -- To mark the start of the NASCAR season and its first full year as a primary sponsor of Ryan Newman's No. 39 Chevrolet Impala, Detroit-based Quicken Loans Inc. today ...
Witness says IRS didn't oppose Stanford loans
Wed, 22 Feb 2012 19:01:49 -0800
Witness says IRS didn't oppose Stanford loans Houston Chronicle Copyright 2012 Houston Chronicle. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 09:55 p.m., Tuesday, February 21, 2012 Defense attorney Robert Scardino asked Campagna if anything about the returns prompted the IRS to ask criminal investigators to initiate a fraud probe ...
5 Banks Stocks Profiting on the Most Profitable Loans (Update 2)
Wed, 22 Feb 2012 09:17:07 -0800
Updated with market close and total return information. NEW YORK (TheStreet) -- Many banks are trying to grow their commercial and industrial loan books, which is of prime importance to investors as other loan balances continue to shrink. "Banks covet C&I loans because it is the area showing the earliest growth as we emerge from the recession," says Jefferies analyst Ken Usdin, "and many banks ...
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