Anyone looking to buy or sell a home lately has probably been hit by sticker shock. Residential real estate prices have gone through the roof, increasing at rates unseen since 2005. According to S&P Case-Shiller, home prices in March saw their highest annual rate of growth in over 15 years — up 13.2% from a […]
Tax
Do You Owe Back Taxes? Take These Steps to Protect Yourself and Your Finances
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello and receiving communication from them is not likely to be good news. When your heart stops pounding and […]
Key Things to Look for in a Tax Relief Firm
Key Things to Look for in a Tax Relief Firm No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to […]
Avoiding Capital Gains Taxes with a 1031 Exchange
Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. Learn how it works and how it can help you as a real estate investor. For the in-depth information required to execute a 1031 exchange, a qualified intermediary is necessary. What is a 1031 Exchange? A 1031 exchange allows real estate […]
5 Things That Can Unexpectedly Raise Your Taxes
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise your taxes owed at the […]
IRS portal for Advance Child Tax Credit Payments
Still curious about the advance child tax credit you’ve been hearing about? Not sure if you should opt out? Long story short…. The #IRS increased the child tax credit for 2021. In order to help get that money out to families who need it now, they are advancing half of it in the form of […]