The Internal Revenue Service (IRS) has “issued a massive new set of regulations, with complex rules, in 2012” that will affect the profitability of owning Saint Louis rental and investment properties says Stephen Fishman, a tax expert, attorney and author. Some of these new rules change the definition of what constitutes a deductible repair versus […]
Selling a Highly Appreciated Home? Combine Two Tax Breaks
Let’s say your home has appreciated in value since you bought it many years ago. You want to sell the property and convert the equity into an income-producing investment. But there’s one problem: The amount of gain is expected to be much more than the $250,000 that you can pocket tax free under the tax […]
2012 Property Tax Bill – Time To Challenge It!
If your home’s value has dropped you may want to investigate a property tax appeal. Here is a new service you might want to check out that will arm you with evidence. Also found with the Full Article Link, are other resources to take on the tax assessor!