The tax basis for your estate is what you paid for the property and all of its improvements and is generally different from the estate's purchase price. Often, the tax basis of...
Posted by Carmen Garcia on 06/18/2021
A wealth tax, unlike income tax, is a tax paid annually on assets including property, real estate, cash in banks, investments, business interests, and whatever you have that is of...
Posted by KLSM CPA Firm PLLC on 06/18/2021
There are times a distressed borrower will negotiate with a creditor for debt relief. These borrowers will either file for bankruptcy or go with a debt relief program that can reduce...
Posted by James Financial Services Inc on 05/24/2021
The legislative arm of the government, known as Congress, is in charge of formulating the Internal Revenue Code (IRC), also known as the tax code. This tax code guides tax collection,...
Posted by Pat Raskob on 05/24/2021
This article sheds light on vital tax tips that can significantly help real estate investors. Be OrganizedIf you want to get back the funds you believe you deserve for the tax...
Posted by Elliot Kravitz, ATP on 05/24/2021
Understanding Itemized Deductions We define itemized deductions as a series of expenses with which one can reduce taxable income on a tax return. It includes medical bills, interest...
Posted by Rosovich & Associates, Inc. on 05/18/2021
Billions of dollars in property taxes go unpaid every year, a major problem for local municipalities that depend on this money to fund public services. Instead of waiting months or...
Posted by CORE PERFORMANCE on 04/29/2021
Owning or managing property has many benefits that people overlook, such as the benefits of vacation rentals and tax deductions. While there are several expenses and rules to consider...
Posted by Taxes Made EZ Inc on 04/27/2021
When someone brings up the subject of homeownership, they have to think about several expenses. Of course, the mortgage payment is one of the first things that comes to mind, but there...
