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Owning a home, whether it be your first home, second home or a vacation property, can offer you significant tax advantages. When it comes to vacation or second homes, your tax advantages are dependent upon three things: how often you use your vacation home yourself, how often you rent it out, and…
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The IRS is planning to cut the number of estate tax lawyers and audit staff it employs.
With the efforts of the Bush administration to reduce the number of people liable for the estate tax, the IRS will cut the jobs of 157 of the agency’s 345 estate tax lawyers, and an additional 17 suppor…
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You’ve seen the advertisements and news articles. IRA funds can be used to make real estate investments. But before you jump on this bandwagon, make sure you understand some of the tax planning angles related to this opportunity.
Passive Loss Deductions
Almost always, a…
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