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Ilyce Glink

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  • Sale of 2nd home creates tax complexities

    By Ilyce Glink and Samuel J. Tamkin
  • The ethics of walking away from a mortgage

    By Ilyce Glink and Samuel J. Tamkin Q: I am a CPA (retired). When the subject of underwater homeowners comes up, it seems that advice on this matter always ignores one truth that deserves to be told. When one takes out a mortgage to purchase a home,...

    Passive vs. active investing in real estate

    By Ilyce Glink and Samuel J. Tamkin Q: I am a commercial property owner and wanted to open an IRA. I was told by my tax preparer that since my income is not earned, I do not qualify for the IRA or the tax deduction, why? I pay estimated taxes on my...

    Dealing with collection agency after foreclosure

    By Ilyce Glink and Samuel J. Tamkin Q: Our condominium was foreclosed in July 2013, and we received a 1099 from the lender. Now a collection agency for our home equity line of credit (HELOC) lender is contacting us trying to collect on the $15,000 that...

    Good business partnership rests on good partnership agreement

    By Ilyce Glink and Samuel J. Tamkin Q: I 'm a licensed Realtor who just recently read your wonderful article about partnership agreements, and I have two questions about partnership agreements. I have an unmarried couple purchasing property. Does a...