Last Minute Tax Saving Tips
Every year around this time, I always have people frantically ask “What can I do to save on my taxes?” Probably the most common answer is “It depends.” There isn’t a strategy or method that works for every taxpayer in every situation. However, there are a few principles to follow and then some specific ideas […]
The Danger of Renting with Owner Finance: Possible Tax Consequences
A few years ago, I had a client in my office and we were working on his tax return. Let’s pretend his name is Larry. He had a couple rental properties and as we were discussing one of them, he said something that didn’t sound quite right. So after talking for a few minutes, Larry […]
