filers

How Capital Gains from the Sale of a Home Are Taxed

by

For most of us, our home represents our largest asset. Over time, the management of this asset can make a big difference in our overall financial outlook. One of the largest planning opportunities home ownership brings is the favorable tax treatment afforded the sale of a primary residence. The gain on the sale of a … Read more

A taxing situation?With the new IRS, coming forward is the best option for late filers, non-filers, and delinquent payers

by

That omission translates to a figure somewhere near 5 billion in taxes owed to the U.S. Treasury Department. With a budget deficit in the trillions and rising, the IRS is expected to increase its audits of both personal and business tax returns as well as pursue greater enforced collection action against individuals and businesses using … Read more