In 2015, Various Tax Benefits Increase Due to Inflation Adjustments
For tax year 2015, the Internal Revenue Service announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 provides details about these annual adjustments. Continue reading →
If you had a loan modified, or lost a property in foreclosure or short sale in 2013, I will need to have all the details. You can’t put behind you until we deal with the tax issues.
For instance, you might have income from cancellation of part of the mortgage. Look for Forms 1099-A and/or 1099-C in the mail. I must see these.
What I also need from you are all the details surrounding what happened. I need the history of all the loans associated with the property. It will help to see mortgage statements. Many times these cases involve more than simply tax law, so please be as thorough as possible.
If you have any questions – don’t hesitate to call. The number is 619-589-8680.
Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples Continue reading →
If you’re a member of the U.S. Armed Forces, the IRS wants you to know about the many tax benefits that may apply to you. Special tax rules apply to military members on active duty, including those serving in combat zones. These rules can help lower your federal taxes and make it easier to file your tax return. Continue reading →