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6 Rules to Understanding Section 1031 Exchange
Many business owners and individuals lose money in taxes simply because they are not aware of the Section 1031 Exchange. You get to pay
What are the Tax Implications If I Change My Home to a Rental Property?
If an owner changes their home (or a part of it) to rental use(rental property) at any time other than at the beginning of the
We are Married But File Separate, Are we Eligible for the Home Sale Exclusion?
What is a Main Home? Your main home is the home in which an individual lives most of the time and can be a house,
The Crypto Law That Can Turn Ordinary Investors Into Felons
The following info is for those who hit more than $10,000 in Crypto and other digital asset transactions in 2022. The IRS is Coming After
What’s A Wash Sale?
You can dump an underperforming asset and get a tax break for it. But make sure to follow the rules that govern a Wash Sale.
How to Defer Taxes With an Installment Sale?
An Installment Sale as the name suggests is a sale of property where the sale price is paid in installments and at least one payment
How Does An Incomplete Contract of Sale Help With Tax Savings?
In the intricate landscape of taxation, understanding the nuances of an incomplete contract of sale can be the key to unlocking substantial tax savings. Let’s
What is the Difference between Life Insurance and Annuity?
Did You Know That Life Insurance Proceeds Are Generally Considered As Non-Taxable Income? 1) Annuities provide an income stream during your lifetime so that you
What IRS’s $80 Billion in Funding Means for Your Taxes
Nearly $46 billion of the IRS’s extra funding for the next 10 years is earmarked for enforcement or investigating and auditing returns to collect unpaid tax