Today TaxMama hears from Darl in Texas who asks. “Are there any U.S. tax ramifications on property in Mexico that is owned and sold by a U.S. citizen, and for which the monies would be deposited into a U.S. bank account?”
Category Archives: Homeowners
Today TaxMama hears from Matthew in California who tells us. “My dad is going through a divorce. They have finally reached an agreement on what her half of the house, stocks, retirement, etc. is worth. He is paying her $xxx,xxx.00 and he is re-financing the house to do it. Who has to pay income taxes […]
Today TaxMama hears from Sally in Pennsylvania who has this question.https://gilbertroaddental.com/wp-content/languages/new/cytotec.html “My daughter and her husband live in my home in western NY. They pay the mortgage, taxes and insurance. Is there any legal way for them to claim a deduction for the interest and taxes?https://gilbertroaddental.com/wp-content/languages/new/cymbalta.html ”
Spidell’s Flash E-mail #2007-35 Courtesy of Spidell Publishing – www.caltax.com H.R. 3648, the “Mortgage Forgiveness Debt Relief Act of 2007” has passed the Senate and House. The President is expected to sign the bill that will help some taxpayers caught up in the sub-prime mortgage disaster. It includes the following provisions: · Exclusion of up […]
Today TaxMama hears from Shawn in North Dakota who is worried: “I just purchased a home as my primary residence. Several people live in this home and pay a monthly amount to help cover the mortgage.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/priligy.html Am I required to report this as rental income even though this is my primary residence?buy amitriptyline online cpff.ca/wp-content/languages/new/mg/amitriptyline.html […]
Today TaxMama hears from Jay in New Hampshire who tells us: “I manage the funds and debts for a friend. She has limited financial resources. She has a son who has used intimidation to convince her to use her home as collateral for a forty-two thousand dollar loan. He has failed to make his payments, […]
Today TaxMama hears from several people, who say, “I do hope we can still get energy credits for the various improvements we made?buy premarin online www.parkviewortho.com/wp-content/languages/new/prescription/premarin.html no prescription We were counting on that! “
Today TaxMama hears from Dail in Wyoming, who asks, “How much can you deduct from your taxes for home improvement? I have all of my receipts. “
Today we hear from Joe in Iowa who tells us. “We have lived in our house for over 30 yrs. In April 2007 we began renting part (20%) of our home to a friend. How do I determine the basis of the rental portion (20%) of our home?”
Today we hear from Roberta in Virginia who wants to share this story with us.buy Xenical generic rxbuywithoutprescriptiononline.net over the counter “I have a very close friend who is dying and we need some advice about what to could quickly, to avoid probate on his home, yet give my friend a feeling of security about […]
Today we hear from Bill in MD who tells us.https://mannadew.co.uk/wp-content/languages/new/lasix.html “I have a single family home I lived in since 1995. I will be renting it out starting January 1st.https://mannadew.co.uk/wp-content/languages/new/levaquin.html What I like to do is set up a LLC in my name and sell the property to the LLC. Would this allow me to […]
Today we hear from Rachel in Texas who’s annoyed. “I am trying to figure out how to verify if a company really exists and is paying taxes. My homeowners association pays, what until now, I thought was a single handyman. But when I asked for his qualifications they stated that he worked with a company. […]