Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for September 19th, 2007

Posted by taxguru on September 19, 2007

Special IRS Web Section Unveiled for Homeowners Who Lose Homes; Foreclosure Tax Relief Available to Many – Here is a direct link to the IRS FAQ page on foreclosures.

As I’ve said before, this entire issue is being blown way out of proportion in regard to its negative tax consequences. Most people who suffer foreclosures will either have nondeductible losses or be more than covered by the Section 121 tax free exclusion.

Posted in 121, IRS, realty | Comments Off on

Upcoming tax hikes?

Posted by taxguru on September 19, 2007


Congress’s Middle-Manager Tax Hike – Just one more example of how our imperial rulers in DC have no qualms about changing the rules on retirement plans after the fact, just to screw the evil rich folks.  Are Roth IRAs next?

Taxed to Death – With Chairman Hitlary openly extolling the virtues of communism on the campaign trail, the odds of one of the main planks of her beloved Communist Manifesto – the estate tax – being eliminated, are slimmer than ever.

 

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Posted in TaxHikes | Comments Off on Upcoming tax hikes?