The new tax law has made many changes to the rules we’ve come to know and love, and while the implementation of many of the new rules are still being ironed out, there is something that you can do today to help set up your bookkeeping for the new tax code.
As far as tax topics go, there’s not that much to renting out your vacation home, and depending on your rental and personal use of the home, you may not have to do anything at all! Not sure if this applies to you? Let us know, we can help!
The Real Estate Professional rules are a complicated and often confusing area of the tax code, but one that can potentially provide those working in real estate with significant tax savings. Do you work in real estate and have income or losses from rental properties? Read on!
You need to give careful consideration to your state taxes (and the Resident Credit) when you live in one state and work in another. We take a look at this situation for a hypothetical taxpayer who commutes from NJ to NYC.
Last Friday I had the privilege of temporarily joining the Middle School Math Deptartment at Trinity School, so I set out to (hopefully) enlighten the seventh grade on the topic of marginal tax rates.
Why do I always seem to get a tax refund, and do I even want one? Part two in this two-part series revisits our questions from part one, but this time from the perspective of a taxpayer who is self-employed and has to deal with tax projections and paying estimates.
Why do I always seem to get a tax refund, and do I even want one? The first in this two-part series explores some of the common reasons that taxpayers often get tax refunds year after year, whether or not that’s a good thing, and what you can do to change it.
Your basis is a key factor in determining your tax bill when you sell property. While it has always been important to diligently track your basis in property you own, a recent court case has shown yet another reason why this is so crucial.
While the IRS hasn’t issued final regulations on how crowdfunding arrangements should be taxed, we review the guidelines that can be followed to make sure you stay on the right track.
Many people know what a wash sale is, but even savvy traders are often unaware of this less commonly known rule when it comes to using your capital losses to offset gains.
