What is Rental Income?Uncle Sam defines rental income as any payment you receive for using or occupying the property. Examples are rent payments, security deposits, advance rent, fees...
Posted by Tiffany Gaskin on 06/04/2021
Capital gains tax for U.S. citizens living abroad can be complex due to expatriate tax laws and regulations. Whether you are selling your home overseas or renting out a property, this...
Posted by James Financial Services Inc on 04/30/2021
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
Many landlords pay more tax on their properties than they should. This is because they are ignorant of the several tax advantages and benefits of becoming a landlord. More than any...
Posted by Rosovich & Associates, Inc. on 04/06/2021
One of the issues that real estate investors have to deal with is taxes. There are various taxes with different implications on asset performance. It is not surprising that people...
Posted by Thomas G Kinsella, ATP on 03/30/2021
For everyone with real estate that they offer for rent, there is the potential for tax deductions besides the regular income it guarantees. However, the first step is to ascertain...
Posted by Tiffany Gaskin on 02/16/2021
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...
Posted by Taxes Made EZ Inc on 08/30/2020
The advantages of being a self-employed or independent contractor are numerous. You have the freedom and flexibility to do your job, and it's also a great way to start your own...
Posted by Don Bell Law on 03/28/2021
Whether you're working with a tax preparer or you're going it alone on filing your tax return, deductions are important for lowering your taxable income. Less income to be...
Posted by Better Tax Returns on 03/01/2018
