If you’re in the path of a hurricane, you may face expenses as you prepare and as you recover. Here’s some of the tax relief that may be available.
Do You Have to Claim Inheritance Money on Taxes?
Most inheritances aren’t taxable, but there are several situations you need to be aware of that could require you to file a tax return or pay taxes.
Using LLC to Avoid Taxes: Overrated Strategy
Many people view LLCs as magic wands that can erase taxes. The truth is, just having an LLC could actually make things worse.
Does Texas Tax Capital Gains?
Texas doesn’t have a capital gains tax, but you may have to pay federal capital gains taxes.
Breaking California Residency
If you move out of California, there are additional steps you may need to take to escape California taxes.
Mississippi Property Taxes
Mississippi has one of the lower property tax rates, but that doesn’t mean that you don’t want to pay as little as you’re allowed to.
Tax Deductions: Owner-Occupied Multi-Family Property
Rental property owners who live in a part of their rental property can take the usual tax deductions for the portion of the property they aren’t using to live in.
Tennesse Delinquent Property Taxes
If you don’t pay property taxes in Tennessee, you could have to pay interest and penalties. There’s also a risk of losing your house.
Bars Disappeared on Where’s My Refund
When the IRS is taking a long time to process your tax refund, it sometimes stops updating your refund status altogether. Here’s what you should do next.
IRS Notice CP05
IRS Notice CP05 means that your tax refund is on hold until the IRS can review your tax return. Here’s what you can do to move things along.
