by Iain Day | Mar 2, 2015 | Blog, Expert Advise, Taxes
IF YOU OWN REAL PROPERTY IN TEXAS, PLEASE PAY ATTENTION…remember in 2006, headlines trumpeted that the Texas Legislature had created for us a new modified franchise tax—dubbed the margin tax—expanding the payer base to include more Texas businesses? Hailed by our then...
by Sam Adams | Feb 9, 2015 | Blog, Expert Advise, Taxes
The mortgage interest deduction is one of the most popular in the whole tax code; however, it is more complicated than it first appears. Generally, you need to satisfy five factors before you can deduct mortgage interest. These factors are: Who paid the mortgage? Who...
by Sam Adams | Jan 12, 2015 | Blog, Expert Advise, Taxes
It is that time of the year again. The Internal Revenue Service has announced its annual adjustments for 2015 tax provisions. Many are different than last year, but some remain unchanged. Remember, the amounts listed below have nothing to do with preparing your 2014...
by Iain Day | Dec 8, 2014 | Blog, Expert Advise, Taxes
Rental property can be a great long-term investment while providing current income. However, they also can be a lot of work. And continuing the role of landlord during retirement can be downright exhausting. Another consideration is if you have paid-off properties...
by Iain Day | Dec 8, 2014 | Blog, Expert Advise, Taxes
The vast majority of actions you can take to reduce your 2014 tax liability need to be done on or before Dec. 31. While there are a few exceptions, nearly everything that transacts after the end of the year will count only toward your 2015 tax scenario. Regardless of...
