Category Archives: real estate

Don’t pay tax on a home sale

The law lets you sell your home tax-free if you meet certain requirements. The home must have been owned and used as your principal residence for at least two of the five years prior to the sale. Couples can enjoy … Continue reading

Posted in real estate, tax planning, Uncategorized | Tagged , | Leave a comment

What if you have a casualty gain?

You may be able to claim a deduction on your current or prior-year federal income tax return for casualty losses from sudden, unexpected, and unusual events, such as tornadoes, hurricanes, and certain straight-line winds. But what if you have a … Continue reading

Posted in Amended Tax Return, deductions, Estate, Filing Taxes, real estate, tax planning, Tax Return, Uncategorized | Tagged , , , | Leave a comment

Five home office deduction mistakes

If you operate a business out of your home, you may be able to deduct a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the … Continue reading

Posted in audit, Business, business help, Business Owner, deductions, Filing Taxes, New Business, Operational Accounting, real estate, record keeping, save on taxes, Tax, tax advice, tax exempt, Tax Fraud, tax planning, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Four tips for building an emergency fund

Planning for emergencies is like buying insurance: you pay into an account and hope you’ll never have to use it. But life happens. Cars break down. Roofs leak. Kids get injured. Having money in the bank to cover those unexpected … Continue reading

Posted in Adjusting, Business, business help, Business Owner, invest, Investing, investment, IRA, real estate, record keeping, save money, save on taxes, saving for retirement, saving money, Tax, tax bill, tax exempt, Tax Fraud, tax planning, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Don’t underestimate the power of curb appeal

If you want to improve your home’s market value, curb appeal matters. The condition of your front yard, entry area, driveway, and sidewalks will color the impression of everything else a potential buyer sees during a visit. Homes with great … Continue reading

Posted in 1099, Amended Tax Return, deductions, Estate, Filing Taxes, Financial Planning, IRS Articles, real estate, retirement, save money, save on taxes, saving for retirement, saving money, Tax, Tax Return, Uncategorized | Tagged , , | Leave a comment

When disaster strikes, will your business be prepared?

Disaster preparedness involves answering the question: How would a disaster affect your business? If you’re not sure, it’s time to start planning. Here’s a quick look at how you can prepare beforehand, and what relief might be available afterward. BEFORE … Continue reading

Posted in Business, Operations, real estate, tax advice, Uncategorized | Tagged , , , , | Leave a comment

One more extension for estate executors

A law passed last summer added a new task for estate executors and others who file estate tax returns after July 31, 2015: providing a statement of the value of estate assets to beneficiaries and the IRS. The statement is … Continue reading

Posted in Estate, Extension, Filing Taxes, real estate, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment