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Archive for August, 2007
Posted by taxguru on August 4, 2007
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Posted by taxguru on August 2, 2007
Some interesting recent articles from the WSJ’s free RealEstate Journal:
Splitting the Cost of a Home When You Can’t Go It Alone – Includes a discussion of Equity Sharing, a strategy that a lot of clients used back in the Bay Area.
Why the IRS Is Showing Mercy To Some Home Sellers – More acceptable unforeseen circumstances that allow home sellers to use the prorated tax free exclusion of gain.How to Save by Selling Your House Online – Just like with do it yourself tax return software, there’s a big element of “you get what you pay for” with real estate deals. Good Realtors justifiably earn their commissions.
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Posted by taxguru on August 1, 2007
Victims of 2005 Hurricanes Get Additional Year to Sell Vacant Land – IRS is allowing these folks an extension of the normal two year deadline for a tax free sale of land that is part of their primary residence.
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Tax Guru - Ker$tetter Letter 