Paying taxes on the sale of your real estate is voluntary. You do not need to volunteer.
The passive-loss rental property rules can be difficult to understand and expensive to deal with if you're uninformed. Read more about how you can create the greatest tax benefit from your rental properties.
If your rental property meets the definition of a trade or business activity, then you should be very happy. Because this produces the best possible tax benefits.
Using your Child's IRA to help pay for college costs is something you need to know about. But should that IRA be a Traditional or a Roth IRA? Does it really matter? Find out here.
If you've ever wondered what types of retirement accounts you can transfer existing retirement funds to, this IRS Rollover Chart will make things very clear.
Not all CPA/tax accountants are created equal, at least when it comes to IRA and 401(k) knowledge. If you have retirement accounts, make sure your tax advisor has the experience needed to truly help when you need it most.