Heyler agent Kate Kennedy joins Jae Wu on Friday Facebook Live! They'll chat with Gumbiner Savett shareholder, Karla Chavez Luna, CPA, MST, about preparing for tax season and how homebuyers can benefit from working with a CPA before starting a home search. Watch it on Facebook Live - Friday, February 19th at 10 am!
Reporting income from rental properties may seem straightforward, but that’s not always the case. The IRS definition of rental income may be broader than property owners realize. Such misunderstandings could prove costly if uncovered by an IRS audit. What is Rental Income? Rental income is any payment you receive for the use or occupation of [...]
Did you know that the estate of director John Hughes donated the family’s Illinois mansion to a nonprofit hospital? After allowing another charity to use the home for a fundraising event, the hospital sold the home and used the proceeds to expand its campus. In this instance, two organizations were able to enjoy this gift. [...]
The California Franchise Tax Board has decided that parcel numbers will not be required to be reported on individual tax returns after it had previously announced the would be — in an attempt to ensure that only the deductible portion of real estate tax was being reported. There has been much confusion in determining what [...]
