One common investment that people get involved in is real estate. Perhaps you have been living in a home you own and decide to upgrade, renting out your existing home.Or maybe you...
Posted by Advantage Tax Service on 12/13/2017
Ideally, you should file once and do that correctly. However, if you want to or have to make amendments, the following are some rules you should be aware of. Amended Returns Aren't...
Posted by Valderas Financial Solutions LLC on 12/13/2017
Fresh retirees often have to cope up with the sudden changes that hit them when they quit something they've been doing for several years together. The adjustment could mean a lot...
Posted by Advantage Tax Service on 12/06/2017
No one likes paying penalties. However, the IRS likes levying them to encourage tax compliance. Without there being penalties, many Americans could not even bother paying taxes. There...
Posted by Valderas Financial Solutions LLC on 12/06/2017
Many entrepreneurs spend a lot of time book in logging receipts and expenditures, computing accounts payable and receivable, tracking profits and losses, filing taxes, and so on. The...
Posted by Valderas Financial Solutions LLC on 11/29/2017
Those pesky medical expenses seem to get higher every year. Health insurance premiums and deductibles have increased for many people over the past decade, so it is in your best interest...
Posted by Advantage Tax Service on 11/29/2017
About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...
Posted by Valderas Financial Solutions LLC on 11/22/2017
All homeowners should probably be aware of the term "basis". Basis is essentially the sum your house (or other similar property or investments such as stocks or mutual funds) is...
Posted by Advantage Tax Service on 11/22/2017
If you sell your primary residence two to five years after purchasing it, you would be eligible for home sale gain tax exemptions. However, you would have to fulfill a wide range...
Posted by Valderas Financial Solutions LLC on 11/15/2017