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The Latest Tax Scams

The Latest Tax Scams

The IRS is warning taxpayers to be aware of a new scam affecting the public. The latest scam involves erroneous tax refunds being deposited into the taxpayer’s bank account.   How does the scam happen? Criminals steal taxpayer data and file fraudulent tax...
Tax Tips to Keep in Mind when Selling a Home

Tax Tips to Keep in Mind when Selling a Home

If you sell your home you may qualify to exclude all or part of the gain from the sale from your income.   Certain rules must apply for this to occur: To claim the exclusion you must meet the ownership and use test. You must have owned the home for at least two years...