Tax Resources

There are a lot of reasons people decide to sell their home. From job changes to life stage transitions or just trying to get closer to family. Regardless of the reason for selling, there is a lot to consider before you move forward.

There are some huge tax benefits to selling your primary home, as well as some things that, while they aren’t benefits, are still important to keep in mind as you consider selling.

Here are 10 things you need to know before you sell your primary home:

 

If you sell your home at a gain, you may not have to pay taxes on the gain. If you owned and lived in your house for 2 of the… Read more →

This month we’re talking about passive income. If you missed our earlier post, check it out to learn 7 reasons you need passive income.

This week, we’re going to share 10 ways to generate passive income:

Investments – Wise investments can provide passive income for years to come. It can be challenging to know where to start, so if you want to go this route, contact us today for a referral to a financial advisor who can help you decide where your money is best invested. Create an e-book – Choose a topic you already know a lot about, write a book and publish it as an e-book through Amazon (or just sell it as a downloadable PDF on your… Read more →

Welcome back! This month we’re talking about all things tax related and tax terms. If you missed our other posts this month, we invite you to check them out now. To learn how to choose the right entity, click here. To find out how you can take advantage of some surprising tax deductions, check this out. And to get your arms around tax obligations you need to know about, look here.

This week we want to share some key tax terms you need to know to win the tax terms game. While your CPA is responsible for having a solid command of all tax-related terms, it’s important for, as the business owner to acquire at least a … Read more →

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