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When You Buy A House, Check The Paperwork For Tax Benefits
If you buy a house this year, you’ll close the deal by signing a mind-numbing stack of papers. When that’s finished, don’t just file the documents away in a drawer. Hidden in there are some deductions...
View ArticleTax Tip Tuesday! Will The Alternative Minimum Tax Apply To You?
What’s your alternative minimum tax (AMT) preference? Though you might prefer to not think about the AMT, certain income and deductions, known as preference items, affect the way the tax will apply to...
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Tax Tips For Your Vacation Home
Planning to rent out your vacation getaway? When it comes to taking advantage of the tax benefits, timing is an important factor. Here are two points to remember. The fourteen-day-or-ten-percent test....
View Article2012 Home-Office Deduction Follows Old Rules
While the IRS has proposed a simplified method for claiming the home office deduction on next year’s income tax return, the old rules are still in effect for 2012. Whether you’re new to the deduction...
View ArticleRecordkeeping: How To Get All That Paper Under Control
It’s spring cleaning time, and that includes your tax paperwork. While it can get a bit confusing, there are some general guidelines that you can follow. Income tax returns. These should be kept...
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