Did you file an extension? If so, then you should know that you’ve got an extra couple of days to file. Since Tax Day wasn’t till April 18, you’ve got till October 17 to file.
Jun 14th, 2011
Did you file an extension? If so, then you should know that you’ve got an extra couple of days to file. Since Tax Day wasn’t till April 18, you’ve got till October 17 to file.
You may be able to exclude from income any gain up to $250,000 for a single taxpayer and $500,000 for a joint return. To exclude the gain, you must have owned and lived in the property as your main home for two of the five years prior to the date of the sale. If you lose money on a sale, the loss is not tax deductible.
May 12th, 2011
When it comes to maintaining an organized financial record keeping system, clutter is the enemy. Discarding unneeded paperwork is an important part of keeping your records under control.
May 11th, 2011
Your own personal circumstances will dictate how you organize your files. But these six categories are universal to most of us and can cause the biggest headaches when your records are sloppy or incomplete.
May 10th, 2011
Ever tear your bedroom apart looking for your birth certificate, sure that you had safely stored it in your sock drawer? Or pulled an all-nighter on April 14 preparing your tax return because you spent the previous three days searching for documents and receipts? I am guessing that at least some of you are all too familiar with those frustrations.