Selling Your Home: The Tax Angle
The buying and selling of homes are the largest financial transactions you may make, and as with most financial transactions, there’s a tax angle. If you know what your tax implications …
IRS Provides Guidance on Schedules K-2 and K-3
The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to …
Taxes and Business Startups
Have you given thought to your tax responsibilities, and the choices you need to make about them, as you start a business? To begin with, you have to consider what …
Can you lower your property taxes?
Property taxes can be confusing, as there doesn’t appear to be an obvious, consistent rate. Still, there is a method to the apparent madness. First, understand that property taxes are …
Capital Gains and Home Sales
There’s a good chance that the profit from your home sale will not be taxable. Unmarried individuals can exclude up to $250,000 in profits from capital gains tax when they …
Tax Filing Tips for 2022
The IRS is encouraging taxpayers to make sure they’re well-informed about their tax situation as the filing deadline approaches. The key topics include special steps related to charitable contributions, economic …