Owning rental property can be a great source of income, but it also comes with tax obligations. Whether you’re renting out a single-family home, an apartment, or even a room in your house, the IRS requires you to report rental income and related expenses accurately. Here’s a straightforward guide to help you navigate the process. […]
Individual Tax
Summer’s Coming: How Might That Affect Your Taxes?
Plus, 5 smart tax habits you should take on year round Depending on where you live, summer weather is either something you dread or something to celebrate. Either way, your calendar is probably filling up with more enjoyable activities than you experienced over the winter. Vacations, summer camp, outdoor parties – it’s hard to fit […]
Tips on Tax Planning
You may not think about taxes often, but they can prove to be a large expense. That’s why it’s important to make the most of any opportunities you may have to lower your tax liability. Here’s a look at some of the factors you may want to consider in your planning. Standard Deduction or Itemizing […]