Dawn Anastasi
Simplified option for home office deductions
IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year
http://www.irs.gov/uac/Newsroom/...
Account Closed
Fed Moves to Free Up Credit for Consumers
This is exactly what I was hoping for; a way to purchase a new car - so tax payers can pay it off for me when I don't feel like paying any more.
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Ana Nomys
Homepath "Improved Properties"... Is "Fannie Mae" a quasi corrupt gov't entity now in the flipping business? Turnkey buyers beware!
I have started to run across a lot of Fannie Mae properties that have been classified as "Improved Properties". Check their website at Homepath.com to see what it is all about. I have seen the before and after on so...
Joel Owens
Tax gain on sale question for commercial property.
Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...
Rich Weese
taxes, taxes, taxes- time to realize system is broke
I was forming a reply to a thread "when does someone become rich" and realized the thread had turned to a discussion on taxes. I decided to start a new thread, just on that subject.It has been a huge concern for me th...
Mike McKinzie
Canadian Health Care vs. US Health Care
http://www.google.com/hostednews/canadianpress/article/ALeqM5h0QC7bditrEb3wYz_6_b-gsGGDxA
In an interview with The Canadian Press, Williams said he went to Miami to have a "minimally invasive" surgery for an ailment ...
Derrick Lumsden
Depreciating HVAC Boiler
Hello All,
I am wondering if anyone would share their opinion or even expertise on depreciation vs repair.
I just had an old HVAC boiler replaced for $3900 including labor.
I know depreciation would cost out the ...
Fausto Carosella
Moving into a 1031 Exchange property---at some point?
Hi All,If someone moves into a property, (a single family - for example) that was purchased through a 1031 exchange years after purchasing it, what would the tax consequences be? To clarify: the purchaser never had an...
Daniel Dunnigan
LLC Tax Savings for Land with Windmill Income
Hi everyone! Looking for advice on how to save on taxes. Thanks for your help!!
Situation: Purchased a piece of land in NY this year with 3 people (Dad, Uncle, and I). We paid for the property by taking a HELOC on ...
Ralfie Doe
Tax Deed Alabama Investing
I bought a Tax Deed this year from tax sale in 2014. The owner Quit Claim it to a company in 2018. But the former owner still owe taxes on it before it was sold to the state. So who is the new owner? How do I take pea...