Today TaxMama hears from Karen in the Tax Quips Forum, with a complex problem. “Her client owns three homes: A primary home, a vacation home and a home for Mom. They bought the vacation home with a mortgage. After paying cash for their residence, they refinanced it buy Mom’s home. The question is – can […]
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Today TaxMama hears from Jelani, in the TaxQuips Forum with a problem. “I have a hold on my 2010 tax refund. The IRS says that in 2007, 2008, 2009 I paid enough mortgage interest to file taxes on, but I haven’t filed since 2005. The mortgage payments that I made were made using the equity of the […]