Partial Exclusion on a residence you've used as a rental....
Thursday, August 18
I’m sure most of you know about the exclusion from tax the IRS allows on the gain from the sale of a personal home. But did you know you can still take advantage of a partial home sale exclusion on a home you once lived in but also used as a rental?Huh?..yeah, that’s what I thought when I typed i...
Don't tell me what I CAN'T do...
Tuesday, April 26
Don’t tell me what I can’t do….EVER…. Have you ever been sick and called your plumber to have him diagnose you? Or rewire your house and ask your postal carrier if you should use 14/2 wire for the job? OF COURSE NOT!! And why? Because, in these types of instances we seek the advice of experts,...
Tax day is almost here!!!!
Thursday, April 07
It's April already. Are your taxes done? If not, here are some stress-relieving ideas: Don't Procrastinate Anymore - Resist the temptation to put off your taxes until the very last minute. Our office needs time to prepare your return, and we may need to request certain documents from you, whi...
Tax time...do you need to file????
Saturday, December 11
Yeah, I'm a real estate investor...but what some may not know is this...prior to investing, I was an accountant and also have my own tax and accounting firm....so, to help my fellow REI's, I'm going to periodically write some blog articles to help during tax season...hope they help..A common ques...
"just because your friends jump off a bridge doesn’t make it rightâ€
Tuesday, March 09
As a kid, I remember hearing this all the time. Our moms and dads wanted us to make decisions on our own and to not “do things” just because everyone else was…they were trying to teach us to “stand out from the crowd”….it taught us, or should have, to go against the flow and this is powerful adv...