Article Highlights: Home Sale Exclusion 2 out of 5 Rule Business Use of the Home Gain or Loss from a Sale Previous Use as a Rental Form 1099-S IRS Matching Records If you sold your home this year or are thinking about selling it, there are many tax-related issues that could apply to that sale. To help you prepare for reporting the sale you [...]
For small business owners, in particular, growing a business has always been something of a challenge. On the one hand, you don't want to grow too quickly - doing so can significantly damage the trajectory that you've set out on. But at the same time, you also don't want to grow too slowly as this too can cause you to remain stagnant and get [...]
Everyone is feeling the effects of the current financial climate. Prices are on the rise, and questions are swirling as to whether we're headed toward a recession. No one is certain what tomorrow holds. Whether it's the loss of a job, a health crisis, or an economic downturn, none of us can predict what will happen. Your home is one of your most valued [...]
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