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The next best holiday bets are the Labor Day and the Memorial Day because they fall before the first day of trading in September and June respectively. The day before the Presidents day is the worst day and the day after the Easter is the worst day after. However, you should keep in mind that a lot of other factors also come into play and you have a lot of room for error.

You must have heard about the Santa Claus Rally? Most of the folks usually feel fairly good about themselves around this time of the year. The best time of the year to own stocks is the Santa Claus rally which for all practical purposes is the 17 day stretch from December 21 to January 7. This is the best time of the year.

As if a foreclosure on your home isn’t bad enough, do you realize there could be dire tax consequences? Fortunately, the IRS is taking steps to mitigate much of the double disaster.

Many have accused the IRS of speaking some foreign language over the years. The goal of this, of course, is to get the most amount of milk out of taxpayers with the minimum amount of moo. The milk is money and the moo is protest. One area where a lot of mooing is occurring is with the tax consequences of being relieved from the burden of a lot of debt.

If you owe a large amount of money for something, you probably don’t think of it as income in any way. Well, the IRS does in one situation. If you are relieved of a large amount of debt, the IRS views that relief as a form of income to you and it expects you to pay income taxes on it.