The Dow advanced 1.43% and the S&P 500 rose 0.85% in December, but there was no major “Santa Claus” rally at the end of 2011. As a result, the Dow wound up +5.53% for the year while the S&P 500 posted a 2011 loss of 0.003%. While the year was hardly spectacular for U.S. stocks, our benchmarks outshone many others.....
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12 Year End Tax Tips
While Congress debates changes to the tax code, these tax tips can benefit you in 2011.
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Short Sale Tax Relief
Many homeowners are in the unfortunate position of having the value of their home decrease to an amount less than the original purchase price. If the house needs to be sold, and the selling price is less than what is owed on the mortgage, the homeowner will be in a “short sale” situation.
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