If you own a rental property, even just one, you need to talk with your accountant about the new tax rules regarding reporting. These rules took effect on January 1, 2011 and affect landlords who hire someone to work on their property if they pay $600 or more in a calendar year. In these cases,...
East Valley
Posts Tagged ‘ Taxes ’
Help for Homeowners with a Federal Tax Lien
There was an article in Wednesday’s AZ Republic about steps the IRS is taking to help homeowners who are attempting to refinance or obtain a loan modification but have a federal tax lien on their home. If this applies to you, you’ll want to read the article. Just click on the link below. AZ...
Tax-law Changes
I read an interesting article in the AZ Republic today about tax law changes for 2007. If you originated a new loan in 2007 through the purchase or a home or refinancing, you should read the article to see if the deduction applies to you. Additionally, you need to read the article if you...
Change in Real Estate Capital Gains Tax Exclusion
Here is a link to an interesting article about real estate taxes. This will only affect a small number of people, those whose spouse passed away, but it seems like Congress did the right thing allowing them two years to qualify for the “married” capital gains exclusion on the sale of their home. Hardly...