For federal tax purposes, inheritance is not classified as income, no matter what you inherited – cash, property, or investment. However, whatever you earn on such an inherited...
Posted by Pat Raskob on 07/06/2021
Many people feel they do not need trust. They believe since they do not have a large estate, they do not need any elaborate planning. They believe it's expensive and complicated....
Posted by Income Taxes and Bookkeeping LLC on 04/30/2021
The sale of any property and foreclosure is treated the same way by Uncle Sam. Since the property was transferred to another person, there could be taxes on such a property. This is...
Posted by Accurate Books And Tax on 01/30/2021
Flipping homes is a great way for you to make some money. You can often find a great deal on a home or other property that just needs a little bit of work before it becomes something...
Posted by TAX PROBLEM RESOLUTIONS INC on 04/19/2016
