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News and Articles on Acquisition Debt
Mortgage Refinancings: Tax Rules Are Tricky Nov 17, 2009
When their refinanced loans are partly home acquisition loans and partly home equity loans, there is an overall limit of $1,100,000 to $1,000,000 home acquisition debt and $100,000 home equity debt, dropping to $550,000 for married couples filing separately. When the loans exceed the ceiling of $1,000,000 for home acquisition loans and $100,000 for home equity loans, the excess generally is categorized as nondeductible personal interest. (RealtyTimes)
Waytronx Reports Second Quarter Revenue over $6,000,000 Aug 7, 2009
"The acquisition and commercialization of such products as the C14 and AMT Encoders and the $12,600,000 reduction in acquisition debt, have all contributed to our ability to maintain 40% gross margins in this difficult economic environment.". Recent Waytronx highlights include entry into the Asian marketplace through the CUI Japan acquisition; design wins for the Company's proprietary AMT encoder products; and the vertical expansion of sales through the signing of six outside sales manufacturer... (PR Newswire)
2009 can have impact on a future tax return Apr 19, 2009
The IRS classifies this as home acquisition debt. Any debt not used to buy, build or substantially improve a qualified home is not considered home acquisition debt. (Fresno Bee -- Business)
TRANSCORP hands off NITEL in June Feb 26, 2009
The source said: "The NITEL acquisition debt recovery seems to be the albatross in the operations of the group. "So, to get this issue resolved, the group decided at an extraordinary general meeting in Abuja yesterday, to exit NITEL/MTEL by selling up to 51 per cent of the shares it owns in NITEL." This came at a time investors have been expressing anger over the management's handling of their investments in TRANSCORP. According to Ndi Okereke-Onyiuke, the company is on its way to getting this... (Guardian News, Nigeria)
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