by Admin | Aug 23, 2019 | Individual Taxes
Suppose you own property you intend to transfer to your loved ones. Perhaps you are considering giving your children an ownership interest in your principal residence. Before you act, you should review the tax consequences of your decision. Specifically, tax law...
by Admin | Jul 11, 2019 | Individual Taxes
When it comes to the perception of the IRS audits, conjecture reigns supreme. The combination of the complex tax code and a government agency with the full authority to enforce it leads to some pretty wild ideas. Separating truth from fiction is an...
by Admin | Jul 2, 2019 | Individual Taxes
Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you’re still reeling from an unexpectedly large tax bill in April. Here are four timely tips: Rent your home. If you rent out your main home or a vacation...
by Admin | Jun 14, 2019 | Individual Taxes
Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already). Tax breaks drop dramatically as your children grow up, but you may be able to offset the losses with some timely tax planning. ...
by Admin | Jun 7, 2019 | Individual Taxes
Despite what you may have heard from friends or family, you can still claim generous tax benefits for charitable contributions. Here are three prime examples of charitable tax breaks ripe for the picking if you know where to look: Qualified charitable...
by Admin | May 3, 2019 | Individual Taxes
There is a large tax break that allows you to exclude up to $250,000 ($500,000 married) in capital gains on the sale of your personal residence. But making the assumption that this gain exclusion will always keep you safe from tax can be a big mistake. ...
