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Birth of twins gives couple real estate tax break

By Robert Bruss, Thursday, April 27, 2006.

DEAR BOB: My wife and I bought our first home in March 2004. We sold it in January 2005 due to the birth of our wonderful twins. When we sold it, we used our profit to buy a larger home with double the square footage and almost double the price. Can we apply for an exception on the sale of our home pertaining to Internal Revenue Code 121 due to the multiple births although we don't meet the 24-out-of-60-month occupancy test? --Kyle G.

DEAR KYLE: Congratulations to you and your wife on the birth of twins.  more...

Tenants face eviction for late-rent-payment plan

By Robert Griswold, Thursday, April 27, 2006.

Question: I have lived in my apartment now for four years. I have recently gone through a financial problem and have been paying my rent late with the late-payment fee for the past couple of months. Yesterday my manager said that the owners wanted to serve us with a legal notice because of us paying rent late. My boyfriend has finally got another job so we will be able to pay rent on time.  more...