With homes prices soaring in this red-hot real estate market there are always tax implications to keep in mind. Now more than ever homeowners need to be familiar IRS rules and how they will impact the tax they may owe.
This week we spoke to Kathy, one of our Real Estate Agent clients about what deductions she can use to minimize her tax liability. Business Insurance, Vehicle Deductions and Business Meals can be some of the larger deductions allowed. Below is a summary. Business Insurance It is vital that you are keep track of any …
Recently we spoke to a client who would like to help her daughter out with a down payment for a new home. When the words “Gift Tax” came up in the conversation, you could hear the fear of more taxation in her voice. No need to fear.
