The administrative aspects of bookkeeping can be time-consuming, but they also be an area where mistakes can be made that can have tax implications for your business. Therefore, it...
For many homeowners, property taxes are a fact of life. If you own a second home or vacation home, then you have property taxes for that property as well. These properties can be subjected...
When it comes to your retirement, it is important to get started as early as possible. Most people assume they are going to have time to save for this important event if they wait...
Improving your home can be a great thing. You are making it into something that you can be proud to show off to your friends and family. You make changes that work for your life and...
For many foster parents, tax time may be slightly confusing. This is because while you are responsible for the care and well-being of your foster children, the same credits and deductions...
The auditing process can seem scary. Most people worry that they are going to lose everything if the IRS ever audits them. They may hope and pray that they will never need to go through...
College is a dream for many young people, but it can leave their parents lying awake at night trying to figure out how to pay for it. However, tax regulations have provided a 529 savings...
With the rise of websites that allow you to rent out rooms within your home to vacationing families, there is also a rise in potential tax challenges. So before you jump on the website...
Posted by Larry Gurewitz on 03/03/2016
When it comes to earning income from a vacation home might seem a smart idea, it also involves more than just collecting those rental checks. You will also have some tax responsibilities...