How do I transfer my house from father to wife?
Transfer of property by a way of sale deed, transfer by the way of executed will or partition deed/settlement deed in case of hereditary nature of the pro...
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Transfer of property by a way of sale deed, transfer by the way of executed will or partition deed/settlement deed in case of hereditary nature of the pro...
This is sometimes called the “two-year rule.” To qualify for the home sale capital gains tax exemption, you must pass the use test (looking at whether you...
Pro-Tip: Don’t renovate your rental property like you’re renovating your own home. It’s important to upgrade the house to meet modern standards, but don’t...
April 15, 2021 C-corporation income tax returns (IRS Form 1120): These are due April 15, 2021, for C-corporations that operate on a calendar year. The ext...
You’ll generally have to pay capital gains tax on any profit made from the sale of an investment property – though certain concessions and exemptions migh...
In general, a person who meets certain qualifications does not have to pay federal taxes on gains from the sale of his principal residence, up to certain ...
Here are some tips for anyone ending a marriage with kids who don’t wish to end their family. Really understand your marriage (and divorce) before you pul...
California is a community property state, which means that following the death of a spouse, the surviving spouse will have entitlement to one-half of the ...
If you sell your second home, the gain will be taxed as a: Long-term capital gain — if you owned it for more than one year Short-term capital gain — if yo...
Requirements for BIR certificate of tax exemption. A notarized affidavit of non-filing of ITR/no income/as OFW from a notary public (must include details ...
There is no limit to the number of traditional individual retirement accounts, or IRAs, that you can establish. However, if you establish multiple IRAs, y...
If you contribute more than the IRA or Roth IRA contribution limit, the tax laws impose a 6% excise tax per year on the excess amount for each year it rem...