Rules, deadlines and overlooked details can affect how much profit you keep. While most people assume taxes will be straightforward, experts say otherwise.
One of the biggest tax benefits that the Internal Revenue Service (IRS) provides homeowners is the exclusion of capital gains on the sale of a primary residence. While this exemption is limited to ...
IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing depreciation on personal property and specific kinds of real estate. When ...
Capital Gains, Depreciation Recapture, and 1031 Exchange Planning With property values rising across the region, capital gains planning has become increasingly important. Investors must carefully ...
When you're starting with any investment, it's always good to be aware of the tax implications. This is especially true when ...