A common tool for real estate investors, the 1031 Tax Deferred Exchange allows the investor to defer capital gains taxes on their investment properties if those gains are “re-invested” into a “like-kind” property. This is a wealth-building tool that ultimately gives you 15-35% more cash to put towards your next investment. This tax deferral [...]
Taxes
RSS feed for this section
Home owner tax deductions and credits for 2010
With the end of January here, everyone will have received all of the documents necessary to prepare their 2010 tax returns, so it is time to get cracking! Today’s guest post is from Colin Cary, a CPA with Smith Bunday Berman Britton, P.S., who talks about the primary tax deductions and credits for homeowners in [...]
The shroud of the Dark Side has fallen on our current tax system
Another tax day is upon us, and many people are probably rushing to get their taxes filed on time. I just finished my own taxes, giving me a moment to ponder just how complex our tax system has become. Maybe most of the population has simple tax returns with one or two W-2 returns and [...]
