Tag Archives: IRS Tips
Important Facts about Mortgage Debt Forgiveness
If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 2012. Here are 10 key facts … Continue reading
Posted in All Taxpayers, Have you ever asked, IRS Tips
Tagged IRS Tips, Mortgage debt forgiveness, taxes
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Three Ways to Pay Your Federal Income Tax
If you cannot pay the full amount of taxes you owe, don’t panic. You should still file your return and pay as much as you can by the April 17 deadline to avoid penalties and interest. You should also contact … Continue reading
Have you asked yourself…What if I file for bankruptcy protection?
In these tough economic times, more and more people are struggling to get by. Do you know how filing for bankruptcy relates to your taxes? Please give me a call before you file. We might be able to analyze your … Continue reading
Posted in All Service Providers, All Taxpayers, Bankruptcy, Daycare Providers, Ever wonder, Have you ever asked, IRS Tips, Realtors
Tagged All Service Providers, All Taxpayers, Bankruptcy, bankruptcy code, bankruptcy estate, bankruptcy tax, Daycare providers, Ever wonder, Have you ever asked, IRS Tips, Realtors, separate estate, tax debts
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Gifts to clients…..Not fully deductible????
As a Realtor you may find yourself giving gifts to clients and customers in the course of your business, particularly after a closing. What you may not know is that you can deduct only part of the cost of certain … Continue reading
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