What is Income Tax Relief?

Income tax relief is a program created by the Internal Revenue Service (IRS) to assist willing tax payers in lowering the amount they owe in taxes, often times waiving or eliminating altogether their total owed to the government. This relief act is not a widely advertised program. The main reason, of course, is the fact that the IRS does not want people abusing this privilege, claiming hardship and inability to pay only because there is an option available that allows them to. Each person is reviewed on a case by case basis and is either confirmed or denied based on a number of factors including their net salary, their assets as well as other personal questions.

Meeting with a tax attorney or a tax accountant is a good place to start with your tax needs. These highly trained counselors are available to offer assistance and guidance concerning your income tax relief. Most online tax services offer many options, not just relief from taxes. The norm for what these online tax relief companies provide is IRS wage garnishing advice, penalty abatement, innocent spouse and audit defense. Penalty abatement is a tax debt resolution process in which a tax debtor challenges interest and penalties for a designated length of time. The taxpayers may request penalty abatement on the basis of with an administrative waiver, such as bad advice from a tax practitioner, reasonable cause like a death in the family or an error on the part of the Internal Revenue Service. Wage garnishing is a process what is granted by an order of the court or by the government by which the Internal Revenue Service obtains part of the salary of the tax payer directly from an employer who is behind in payments to the government.

Income tax relief is a way for you get a small break during the stressful tax time. It is a way to encourage tax payers to not be negligent on the taxes that they owe by giving them a little break on the entire amount. The IRS appreciates people taking the initiative to contact them and inquire about the offered relief. You are approved or denied on a case by case basis. You may have a large portion of what you owe waived, or just a small amount depending on your current financial situation. Any way you look at it, when it concerns your taxes, any relief is a good relief!


Credit Risk and the Real Estate Market

Credit risk is the oldest and the most known banking risk. Credit risk is the risk to earnings or capital arising from a borrower’s failure to meet the terms of any contract with the bank or otherwise fails to perform as agreed. Shortly, credit risk is a situation, when a borrower is not able or does not want to pay back a loan to a lender. There can be two reasons for default: firstly, the borrower cannot manage his/her specific business risks, and secondly, the borrower has been dishonest.

Given the nature of most commercial real estate markets, the financing of commercial real estate is subject to an exceptionally high degree of credit risk. The limited supply of land at a given commercially attractive area, the exceptionally long economic life of the real estate assets, long delivery time required for the development and construction of major projects, and high interest rate sensitivity have given commercial real estate markets a long history of extreme cyclical fluctuations and volatility. In the context of commercial real estate lending, the bank’s credit risk can be affected by one or more of the following risks that endanger the borrower:

A real estate project can expose the borrower to risk from competitive market factors, such as when a property does not get lease-up according to plans. These competitive market factors may have their origins in overly optimistic initial projections of demand and over estimated cash flows, or they may be increased by a decreasing of demand during or shortly after the completion of a project. Competitive market factors can be compounded by a high volume of distressed property sales that can decrease the value of other properties in that local market. Investors, who buy distressed property, can charge lower rents, persuading tenants away from competing properties and bidding rents down.

Rollover of leases is another risk to the borrower that is present in most commercial real estate projects. Real estate markets with long-term leases are particularly vulnerable to declining values. In extremely depressed real estate markets, leases have typically been cancelled in the mid-contract, as tenants went bankrupt or out of business or simply threatened to move out unless their leases were overviewed. Additionally, competing owners with large amounts of empty space have been known to buy-out existing leases in order to attract tenants to their properties. The value of even fully leased buildings can decline when leases must be reduced or extended at lower, current market rent levels. As leases cause project cash flows to decline, the borrower may become unable to meet scheduled mortgage payments.

The changes in the regulatory environment and legislation are risks for borrowers and developers. Commercial real estate developers/ borrowers must consider and plan for the risks associated with changes in their regulatory environment and legislation. Changes in zoning regulations, accounting and tax laws, and environmental regulations are examples of local and governmental regulations that have had a significant impact on property values and the economic feasibility of existing and proposed real estate projects.

A developer faces construction risk that a project will not be completed on time or at all, or that building costs will exceed the planned budget and result in a project that is not economically feasible.

Of course every respectable bank conducts the credit history research of borrower and analyses particular business project, before it lends capital out. This is one way to reduce credit risk, but this is not excluding it. Wherever the credit is expanded it is attended with the risk of non-payment varying from zero to a large percentage. History has shown that even “the best business” idea has failed. A lender has to consider different factors in regards to borrower, which affect a loan and a bank’s loan portfolio. A bank has to deal with all these factors, while analysing loan projects and observing loan repayments.

  • The quality of information about a borrower. First of all credit risk depends on information, which is available for the evaluation of certain projects and borrowers. The more incomplete it is the bigger the credit risk.
  • The borrower’s credibility. Credibility is directly related to information. An honest borrower always presents true information. To give a loan to such borrower is less risky, because the bank hears about the borrower’s problems earlier. The risk is bigger if the borrower is dishonest and tries to cover financial troubles or present wrong information.
  • The borrower’s cash flow level and its stability. A bank gives a loan to a borrower under the assumption that the loan will be repaid. This is done by using future earned cash flows. Borrower’s cash flows depend on how capable a borrower is to manage his/her business risks. Thus, the loan repayment is more certain the more positive and stable these cash flows are in the future.
  • The borrower’s net asset value. The net asset value (NAV) is the difference between a borrower’s assets and liabilities. Default risk is smaller, if1 borrower (enterprise, company) has a bigger NAV, and it is higher with low NAV.
  • A collateral. By giving a loan a bank assumes that it will be repaid by using income or cash flows. But cash flows or income are not always stable and positive. Thus, a bank may demand additional collateral, which can be sold after a borrower’s default to repay the loan. A collateral can be an asset (a house, land, stocks, etc) or a warranty of the third parts.
  • An economic environment. The magnitude of credit risk does not depend just on a borrower. It is strongly affected by a region’s macroeconomic factors (inflation, the levels of interest and exchange rates, employment, business cycle), a political situation, legislation etc.


MLM Tips – Do You Really Want to Start With Pay-Per-Click Marketing?

We have all seen the ads for Pay per Click Marketing. The promise is great and it sounds like a sound plan but is this really the truth or is this just another way to make sure that you fill someone else’s pockets? I for one started off with a $4000 PPC internet marketing campaign which burnt a hole right through my pockets. In just three months I was broke and had not even broken into my MLM niche market.

So ask yourselves in all honesty is Pay per Click marketing really the first internet marketing techniques you should be focusing on in your MLM online business? I do not dispute the value of PPC marketing as it does work and continues to work for a group of online businesses; but as a newbie entrepreneur with not much of an internet presence there are other FREE internet marketing techniques such as search engine optimization (SEO), that you can combine with Pay Per Click marketing to drive targeted traffic to your site whilst building a successful no holes income online.


But just in case you are wondering what the difference is between Pay Per click marketing and basic SEO internet marketing strategies of which I advocate for the newbie entrepreneur, the answer is simple. PPC marketing like SEO is a tool that online companies use to make their websites more visible on search engines. The difference being that Pay Per Click marketing involves the setting up an account and writing of relevant ads, so that your website is more easily found and displayed in the “sponsored results” section, usually at the top or on the right side of the search engine page. Usually too some rules have to be applied for this internet marketing strategy to work properly.

So let’s assume you want to grow your team of online prospects and you need to provide them with internet marketing training on how to grow their own team. PPC marketing may require you to invest some money and this may discourage some of your team members. So it would be to your benefit to be able to train them in other more affordable avenues of internet marketing like SEO. With SEO, focus is on the writing of your website content around a particular keyword or phrase so that when people conduct a search using this keyword or phrase, your site is found.

For people with no budget (unlike PPC marketing where you are bound to burn hundreds if not thousands of dollars), SEO is a good way of getting started online the cheap way. Plus you won’t have to spend too much on internet marketing training either.

Some of the basic SEO internet marketing techniques you can use include:

a) Article writing: Writing of compelling articles that can be submitted to article directories thereby increasing your online visibility

b) Blogging: Start your own blog where you can freely market your products and services by writing compelling, relevant and quality content on them. This is also a great way to interact with your customers on a regular basis and develop some trust.

c) Link building: Link to other sites that shares similar content and which also have relevant content as well. No point linking to sites selling computers when you’re selling cosmetics.

d) List building: Develop a responsive opt in email list. This will help you grow a database of niche customers that you can keep selling to.

e) Website promotion through writing and publishing of frequent press releases on your products and services.

f) Affiliate Marketing: Allow others to sell your products on your behalf. This will encourage your clients to help you with some of the work of improving your online visibility.

The above list of SEO internet marketing techniques is by no means exhaustive and can be combined with PPC marketing for best results. But remember before you go off running a PPC internet marketing campaign; if you’re just getting started, first find your online footing and ensure you understand fully what you are getting into.


How to Apply for Student Loans

What do I mean by the best money? Well – there student loans, scholarships, fellowships, grants, and other forms of funds for college. It’s really hard for the average high school student, parents, and college students to know where to find money for college beyond federal financial aid.

Any student who plans to apply for student loans should look into a comparison site. A site like offers “one-stop-shopping” for students in need of loans, grants, scholarships and all other forms of financial aid. Once a student fills out pertinent information about themselves, the degree they are seeking, and the school they plan to attend, they will receive a list of the best lenders for their needs as well as the ability to sift through a thousand scholarship sources and get lots of information about what they need to know about financial aid. students to know where to find money for college beyond federal financial aid.

All students should fill out the FAFSA first before exploring alternate forms of funding for their education. That’s the Free Application for Federal Student Aid. It’s a long form and students need to have either their own income tax returns or their parent’s, or both, to fill it out. But in the long run, it’s worth it. It will tell a student exactly how much and what kind of federal loans and grants that student can get.

Believe it or not, around 8 million eligible students each year fail to fill out the FAFSA. This means that they are automatically ineligible for all federal grants and loans. students to know where to find money for college beyond federal financial aid.

Federal loans for which students can apply fall into the category of Unsubsidized and Subsidized Stafford Loans. The interest rates on these are 4.5% for subsidized loans to 6.8% for unsubsidized loans. There’s also the Federal PLUS loan for parents with an interest rate of 7.9%. These are all available directly through the federal government’s Federal Direct Loan Program that was instituted on July 1, 2010.

There are lots of good things to be said about federal student loans.

The interest rate on a student’s loan stays the same for the life of the loan.This is not necessarily true of private loans.

Some private lenders advertise rates that look better than the rates for PLUS loans. However, once the paperwork is done, parents may not qualify for those rates. Impeccable credit is a necessity for the best rates. This makes the PLUS loan a better option for parents who have a spotty credit record.

Unlike some private loans, federal loans offer long repayment periods and are flexible. If a student cannot begin paying back college loans on time, federal loans offer either reduced payments or a deferment on payments before a student must start repayment of loans.

On the other hand, federal aid does not necessarily cover all of a student’s financial needs. That’s when private student loans can come into play. Private loans are a great addition to federal loans but a student should always take the maximum money available from federal sources before they begin looking into private sources.