The Internal Revenue Service (IRS) has “issued a massive new set of regulations, with complex rules, in 2012” that will affect the profitability of owning Saint Louis rental and investment properties says Stephen Fishman, a tax expert, attorney and author. Some of these new rules change the definition of what constitutes a deductible repair versus […]
Let’s say your home has appreciated in value since you bought it many years ago. You want to sell the property and convert the equity into an income-producing investment. But there’s one problem: The amount of gain is expected to be much more than the $250,000 that you can pocket tax free under the tax […]
If your home’s value has dropped you may want to investigate a property tax appeal. Here is a new service you might want to check out that will arm you with evidence. Also found with the Full Article Link, are other resources to take on the tax assessor!