WASHINGTON – IRS SUMMERTIME TAX TIP 2014-13 – If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period is short and you also use the property as your home. In most cases, you can deduct the costs of renting your property. However, your deduction may be limited if you also use the property as your home. Here is some basic tax information that you should know if you rent out a vacation home: Read more
https://www.kellerowens.com/wp-content/uploads/2011/12/Checkbook.jpg23203480Keller & Owens/wp-content/uploads/2015/11/logo.pngKeller & Owens2014-08-07 15:53:352014-08-07 15:56:16Vacation Home Rentals
WASHINGTON – IRS SUMMERTIME TAX TIP 2014-10 – When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages. You can also change the amount of estimated tax you pay. Here are some tips to help you bring the amount of tax that you pay in during the year closer to what you’ll actually owe: Read more
https://www.kellerowens.com/wp-content/uploads/2012/02/1040-W-2-W-9.jpg365548Keller & Owens/wp-content/uploads/2015/11/logo.pngKeller & Owens2014-07-30 12:55:402014-07-31 20:39:44A Summer Adjustment Can Prevent a Tax-Time Surprise
Are you a grandparent who wants to help pay for a grandchild’s college education? You’ll find several ways to do this, each with its own limitations and tax consequences. Read more
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WASHINGTON – IRS SUMMERTIME TAX TIP 2014-02 – Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Read more
WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-15 – Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare: Read more
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Vacation Home Rentals
/in IRS Bulletin/by Keller & OwensWASHINGTON – IRS SUMMERTIME TAX TIP 2014-13 – If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period is short and you also use the property as your home. In most cases, you can deduct the costs of renting your property. However, your deduction may be limited if you also use the property as your home. Here is some basic tax information that you should know if you rent out a vacation home: Read more
A Summer Adjustment Can Prevent a Tax-Time Surprise
/in IRS Bulletin/by Keller & OwensWASHINGTON – IRS SUMMERTIME TAX TIP 2014-10 – When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages. You can also change the amount of estimated tax you pay. Here are some tips to help you bring the amount of tax that you pay in during the year closer to what you’ll actually owe: Read more
Grandparents Can Help With College Costs
/in Newsletter/by Keller & OwensAre you a grandparent who wants to help pay for a grandchild’s college education? You’ll find several ways to do this, each with its own limitations and tax consequences. Read more
Summer Weddings Mean Tax Changes
/in IRS Bulletin/by Keller & OwensWASHINGTON – IRS SUMMERTIME TAX TIP 2014-02 – Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Read more
Keep Your Records Safe in Case Disaster Strikes
/in IRS Bulletin/by Keller & OwensWASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-15 – Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare: Read more