Investing in rental real estate can provide investors with a constant income stream that covers the mortgage and, at the same time, provides additional income each month; when these...
When there is an installment sale for the purpose of tax, the payment for the property sale spans more than one tax year. This was one of congress's actions, which allows taxpayers...
We have seen that the stock market has hit several new highs in recent months. This is in addition to the fantastic bull market that ran for more than ten years before the rapid coronavirus...
To be successful in the inventory acquisition process, you will need to monitor your business's two main aspects: efficiency and profitability. It's important to keep a schedule,...
It is common for someone to live in one state and have employment in another state. In this case, one might need to file a nonresident tax return if they have earnings in a state they...
One of the best ways to develop passive income is by investing in real estate. There are many benefits that a real estate professional enjoys. This also includes significant saving...
Owning a house or a building can bring you a lot of benefits regarding the real estate tax laws. When you live in a house which you own in more than five years then you get exempted...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 03/08/2018
Perhaps one of the biggest misconceptions about the capital gains taxes on real estate is that the passing of the Tax Cuts and Jobs Act in late 2017 means that major changes are coming....
Posted by Lone Star Tax Group on 02/12/2018
The following items are included in income of taxpayer for a taxation year: Alimony or maintenance payments (s. 56(1)(b) and s. 56(1)(e)) Allowances for personal, living, or any...