Tax Season is On

       Hi, everybody!
Tax questions come up often as the tax season started. In my opinion, in order to get the most relevant information is to go on the IRS website, the only online source you should trust for US tax advice. I would also emphasize that if the publications and documents from the people who write the tax rules don't give you a clear answer, it is time to talk to an accountant.            

Taxes on the sale of a home, don't forget to check out the link to Publication 523, and the additional information if you're doing an installment sale.        

Gift taxes. You may also find additional information in Publication 559 or some of the other forms and publications offered on our Forms Page. Included in this area are the instructions to Forms 706 and 709. Within these instructions, you will find the tax rate schedules to the related returns.

 Taxes on rental income. If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the associated expenses can be deducted from your rental income.

 Here's some information for taxes on small businesses. The form of business you operate determines what taxes you must pay and how you pay them.     What about property taxes?  Property taxes are regulated on the state, county, and local level. This is the root of why it is so hard to find accurate information.  For more information, do a search for "[your county], [your state] County assessor's office." Be careful not to leave out the state because some county names are common; Clark County Nevada and Clark County Washington are very different places.

    With this in mind, do not forget, that we are here for all your real estate questions!

Comments

Post a Comment

Popular posts from this blog

Cob Houses around the World(III)

Image
    Cob, a mixture of clay, sand and straw, is a sculptural building material that has been used to create beautiful natural homes. Part III. 1.A tiny cob home in Romania This is one of the cob homes built by architect and natural builder Ileana Mavrodin of  Casa Verde  in Banat, Romania. She, with a few others, are using natural materials in Romania to help people rediscover their local skills and community spirit. You can see the steps in the construction of Ilena's  cob house  on her website from the rubble trench and dry  stone stem wall through to the roundwood door frame in the  cob  walls and round wood  green roof . 2.The Cob Waldorf School in Lago Puelo, Argentina There's an organisation of devoted women called  Kleiwerks  building homes like this cob school in Lago Puelo, Argentina. Their latest initiative is  WASI  teaching women to build natural homes and strong communities. 3.Cob House...
Read more

A hobby-Traditional Romanian Carpet Woven on Looms in a Cob House

Image
My mother-in-law sent me as a Christmas gift, a carpet woven on looms. I am still admiring its beauty and mastery and I can picture it in the old Romanian cob houses. Cob is a natural construction material, very inexpensive and it has no chemicals in its composition. You did not need an architect to be able to build a cob house. In this type of hou ses you would find the most beautiful carpets, woven on looms and having different purposes. Could you imagine that in the 19th century, people were able to create perfect shapes and motifs on a carpet without the help of our beloved technology? The colors for the carpets were obtained naturally from trees' roots, flowers, leaves, dandelion, onion, nettle....The women in the villages knew how to combine colors and concentrations so that the carpets would not discolor not even in a hundred years. These people, without going to school for this purpose, were mastering the art craft  of carpets woven on looms and their design techniq...
Read more

Cob houses in United States(II)

Image
Cob is an earthen building material that is made of soil, aggregate, fiber, and water. It has been used for thousands of years to construct homes and buildings with. It has been used worldwide, but has only just started to pick up interest in the United States. About 30 percent of the world’s population lives in earthen homes. This is nothing new to the world, but cob is offering new advantages and opportunities to the developed world. Building with earth and other natural materials is becoming a solution to our world’s energy and consumption problems. Cob is dirt cheap, sustainable as a building material, and ecologically friendly. The advantages of cob houses are numerous: cheap, energy efficient, inexpensive, healthy, strong, fire proof.     Have you seen the most beautiful houses, yet? Meka’s cob cottage in Oregon   built over a four year period. Complete with hand-sculpted furniture, shelves and nooks built directly into the walls, arched windows, and ...
Read more