End of the Year: Mortgage Interest Deduction
Image by 427 via Flickr Now that the year is drawing to a close, it’s time to consider your taxes. It’s always best to prepare as early in advance as you can. This way you’ll be less stressed. And one...
View ArticleBeyond Mortgage Interest: Other Home-Related Tax Deductions
Image by Getty Images via Daylife It’s tax time, and you probably know that you can deduct your mortgage interest on your taxes. However, it’s not just your mortgage interest. There are other...
View ArticleTwo Home-Related Tax Moves for 2010
Image by KOMUnews via Flickr 2010 is going to be an interesting year for taxes. There are a number of tax breaks available that haven’t been available before. Here are two home-related tax moves for...
View Article5 Things to Tell Your Tax Preparer
Image by blmurch via Flickr When it comes to preparing your taxes, you want to be careful. It’s not just about avoiding a tax audit. In fact, you might need to overcome some assumptions when you are...
View ArticleTax Deductions Can Help
With tax season upon us – as we receive the reports of our earnings in the mail – this is a great time to consider some tax deductions from last year. Here are a couple of deductions you might want to...
View ArticleMortgage Tax Filing Mistakes
I do not prepare the taxes in my household. I fear if I did we could say hello to a regular audit. My expert advice is to find a professional to help you if your taxes are complicated. However if...
View ArticleCan You Say “Audit”
Where claims are being filed up to midnight tonight with taxpayers rushing to meet the IRS deadline, I smell audits in the future of many people. A government investigator said the IRS has paid...
View ArticleTax Forgiveness to Expire at End of Year
When a home is foreclosed on, sold via short-sale, or a home owner receives a modification loan, the amount of money forgiven is taxable because it can be considered income (albeit unrealized). That...
View ArticleForeclosure Relief May Be Ending
As I realtor, I always cautioned sellers that if the home was sold via short sale or if it was foreclosed upon, they could end up paying taxes on the difference between the sale price and what you owe....
View ArticleFIRPTA Tax Charged to Foreign Sellers
When working with clients from foreign countries, something that easily slips notice is the FIRPTA tax owed when the property is sold. What in the world is FIRPTA? According to the Internal Revenue...
View ArticleDon’t Miss These Tax Deductions!
2015 is finally wrapping up, so that means it’s almost tax season. Now is the time to get organized, and start thinking of what deductions you can claim to make next April just a little smoother. Most...
View ArticleFriday Fun Video: Audit Red Flags
Click here to view the embedded video. You are more likely to get audited if you do any of these three things. Watch the video to find out!
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