Don't forget the first rule of real estate sales: just about everything is negotiable. The amount or rate of real estate commissions is not fixed by law. Any attempt to do so would be a violation of federal antitrust laws. Real estate agent commission is set by each broker individually....
#1 best-selling tax software: Based on aggregated sales data for all tax year 2023 TurboTax products. #1 online tax filing solution for self-employed: Based upon IRS Sole Proprietor data as of calendar year 2024, for tax year 2023. Self-Employed defined as a return with a Schedule C/C-EZ...
The ol’ tax blog will be here throughout 2025, watching that process and keeping tabs on all the New Year’s tax-saving potential. So, let's get to it now, with the January tax moves below. Jan. 1: Once more for the official monthly tax moves — Happy New Year! Some people ...
Real Estate Transfer Taxes: What Is This Little-Known Extra Cost to Sell Your Home? Finances & Tax Implications Selling Advice Published on January 21st, 2025 9 min read Valerie Kalfrin, Contributing Author Close Valerie Kalfrin Contributing Author Email Twitter LinkedIn Valerie Kalfrin...
But let’s unpack this statement. First, “depleted” does not mean the Social Security Administration is going to turn out the lights and go home. It means it could run out of trust fundreservesby then, which are used to top off the total amount spent on Social Security benefits. There...
The capital gain tax is levied on any gains generated by selling a property. Profits from the sale of real estate are exempt for up to $250,000 per person and $500,000 per couple if the property was a primary residence for at least two of the previous five years. ...
Trust in the media is at a record low. There is no lawsuit that could do the damage that the mainstream media is doing to itself. Read more … “You can cut back on the fraudulent rackets, or you can cut back on the people.” They are cutting back on the people..” • Gold,...
Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April's Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the Internal...
I’ve never been one to ascribe to the notion that the tax code has a ultimate determinative effect on whether a buyer is going to purchase a home or not. I’ve always believed that tax implications are one factor out of many in the home buying and selling equation. In my opinion, in...
Preparing trust, estate, and gift tax returns are other examples of when working with a tax attorney could make sense. Cost: $200 to $1,000 per hour, with more experienced attorneys generally charging on the higher end of the range. Pros: They may have expertise in tax litigation and ...