July Online Advisor

Here are a few headlines from that issue. To read any of these articles, click on the link at the end of this post.
SUPREME COURT UPHOLDS HEALTH CARE LAW

On June 28, the Supreme Court ruled that the "Patient Protection and Affordable Care Act of 2010" was constitutional, including the provision in the law requiring individuals to have health insurance coverage starting in 2014.

CANCELLED DEBT MAY BE CONSIDERED TAXABLE INCOME BY THE IRS With the recent economic downturns experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt.

You would think that the cancellation of debt by a credit card company or mortgage company would be a good thing for the taxpayer. And it can be, but it can also be considered taxable income by the IRS.

STARTING A BUSINESS? DON'T MAKE THESE MISTAKES According to the Small Business Administration, a third of small businesses fail within the first two years. Over half fail in the first five years.

So if you're thinking  about starting a small business, it pays to take an honest look at yourself, your business idea, and the marketplace.

WHAT ARE YOUR OPTIONS FOR TAKING SOCIAL SECURITY BENEFITS?

When should you start taking social security? If you're approaching retirement and are eligible for social security, you have three broad options for drawing your benefits: start early, wait until your "full" retirement age, or hold out a few years longer to qualify for the monthly maximum.

Just click on the link to read the full article.