Our elected leaders have the unique opportunity to not only help small businesses, keep industries working, combat inflationary pressures in the housing markets and at the same time make housing more affordable for mi...

Is there a threshold for when you have to pay capital gains tax? For example do you have to make $100K before you get hit with capital gains? Thanks!

I was in the military last year(2012), and recently got out so some important aspects of my residency status will be changing and I'm trying to prepare for those early.

I'm originally from FL and invest there, and b...

I have recently bought my first property in Michigan. My plan is to live here, make some improvements, for the next two years or so until I finish my dissertation and graduate from PhD, then sell the place as I move t...

I'm preparing to file my taxes for my LLC.  Since we didn't have our rental units yet for last year, the only cash event that occurred was the cost for forming the LLC.  Total amount was less than $500, so I'm wonderi...

Hi BPers,Since the standard deduction is so high now at 24k for married couples, its looking like it makes more sense to do that than itemize. If I could deduct the full 25k in passive losses, that would be a differen...

If bank is primary lender on a mortgage and forecloses and property also has a second line of credit securing the property as second in line, do those secondary obligations attach to the buyer of the property at a for...

I am looking a 16000 SF building in a historic part of town. I am aware of the state and federal government offering developers tax credits for rehabilitation and preservation of certain buildings. This is one of thos...

Hello,Just wanted to know if you guys might be able to clear some things up for me.When u pass down rental properties to your kids when u pass away, what kind of tax are they required to pay if they decide to keep it ...

Hi hello here! I have had bank advisors and always trying to push their products (I know nothing to blame here) but no one help me to find some strategies to pay less taxes. I will love to find someone in my area who ...