Category Archives: Realtors

Selling Your Home? Taxes?

Article Highlights Individuals can exclude up to $250,000 ($500,000 for a married couple filing jointly) of gain from the sale of their primary residence. Generally, to qualify for the exclusion, the home must have been owned and used as a … Continue reading

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Owner-Only Businesses Should Consider a Solo 401(k) Plan

  Solo 401(k) plans allow greater income deferral than most other retirement plans. A Solo 401(k) plan suits self-employed and owner-only corporations. The plan needs to be established prior to year’s end. The plan is generally not beneficial if company … Continue reading

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“Flipping” Homes – A Reviving Trend in Real Estate

Prior to the recent economic downturn, flipping real estate was popular.  With mortgage interest rates low and home prices at historical lows, flipping appears to be on the rise again. House flipping is, essentially, purchasing a house or property, improving … Continue reading

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Fine-Tuning Capital Gains and Losses

The year’s end has historically been a good time to plan tax savings by carefully structuring capital gains and losses.  Let’s consider some possibilities. If there are losses to date − As an example, suppose the stocks and other capital … Continue reading

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This is most people’s 2nd largest expense in their lifetime; Shouldn’t you plan for it??

Reap the Tax Benefits of Education Planning The tax code includes a number of incentives that, with proper planning, can provide tax benefits while you, your spouse, or your children are being educated. Education Financing – A major planning issue … Continue reading

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Have you recently received an IRS notice?

Receiving a notice from the Internal Revenue Service is no cause for alarm. Every year the IRS sends millions of letters and notices to taxpayers. In the event one shows up in your mailbox, here are eight things you should … Continue reading

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Benefits of an Outsourced CFO

Over the past few years, the world’s economies have been like a roller coaster ride. The same may be said for your company—one minute you’re up, the next you’re down. Between cost concerns, the U.S. economy’s instability, and internal staffing … Continue reading

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Ten Tax Tips for Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or … Continue reading

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Tax Law Changes for your 2011 Federal Tax Returns

Before you file your 2011 federal income tax return in 2012, you should be aware of a few important tax changes that took effect in 2011. Check www.IRS.gov before you file for updates on any new legislation that may affect your tax … Continue reading

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Top 10 Helpful Features on the IRS Website

Navigate your way through the tax season online and skip waiting in line. All you need is a computer and Internet access because the IRS website has a wealth of free information and online tax support. Here are the top … Continue reading

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