The Sunderland Group Professional Business and Tax Services for Small Businesses, Business Owners, Individuals. Certified QuickBooks consultant.
For various reasons, you may consider converting your personal residence to rental property. However, a decision to convert to rental also should consider economic factors such as your marginal tax rate and the potential loss of your ability to exclude up to $250,000 ($500,000, if married) of gain from the sale of your principal residence for federal income tax purposes.
Tax and Business Alert: June 2008
Included in this month's issues are artilce on: Business Buy/Sell Agreements, 2007 IRS Data Book, Evaluating Charitable Organizations, IRS's 2008 "Dirty Dozen" Tax Scams, and Recognizing Worthless Securities Losses
Included in this month's issues are artilce on: Business Buy/Sell Agreements, 2007 IRS Data Book, Evaluating Charitable Organizations, IRS's 2008 "Dirty Dozen" Tax Scams, and Recognizing Worthless Securities Losses
Benefits of Zero Percent Tax Rate
Now that we’re rapidly marching through 2008, we want to alert you to this chance for tax free income. Although this opportunity is scheduled to be around beyond this year, it’s hard to predict what may happen after this fall’s elections. Thus, while the availability of the 0% tax rate seems all but certain to remain unchanged for 2008, after that, there are no guarantees.
Now that we’re rapidly marching through 2008, we want to alert you to this chance for tax free income. Although this opportunity is scheduled to be around beyond this year, it’s hard to predict what may happen after this fall’s elections. Thus, while the availability of the 0% tax rate seems all but certain to remain unchanged for 2008, after that, there are no guarantees.
Tax and Business Alert: May2008
In this month's issue of Tax and Business Alert you'll read about: Business Benefits of the Stimulus Act, Planning for the "0%" Capital Gains
Rate, Use Your Vacation Home for Retirement Savings, Swapping Bonds to
Claim Losses, Claiming Head of Household Status in Divorce Situations.
In this month's issue of Tax and Business Alert you'll read about: Business Benefits of the Stimulus Act, Planning for the "0%" Capital Gains
Rate, Use Your Vacation Home for Retirement Savings, Swapping Bonds to
Claim Losses, Claiming Head of Household Status in Divorce Situations.
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Boulder , CO , 80301 303-440-8750
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