Even though the Gulf Shores tax season has come and gone for most filers, “extension season” is here until October 17th. If you’re a homeowner and you filed an extension back in April, you’ll want to make sure you take advantage of some important Gulf Shores tax deductions that can reduce your income tax liability […]
The day taxes are due (April 17th) is fast approaching, and tension is in the air. No one likes sending more money to Washington than they absolutely have to. Even though most of us pay our taxes on time and in full, few of us don’t always consider how we could bring down our tax […]
There are 2 important Gulf Shores real estate tax deductions you won’t be able to claim in 2012. Congress was so busy bickering at the end of 2011 that it allowed two important tax breaks for home owners to expire. Gulf Shores Real Estate Deductions We Lose in 2012 1. You can no longer deduct […]
As our country faces possibly the biggest budget crisis ever, the Obama Administration has created a deficit commission charged with discovering the best ways to bring down the national debt. It has come up with a plan to cut our $3 trillion dollars in debt over the next decade. One of the proposals this commission […]
A little year-end financial planning could make your 2011 less stressful. Stacy Johnson explains… Questions or comments? Use the “comment” link below to contact us.
Mortgage Interest Deduction Elimination Press Continues The White House and Congress see the 100 billion dollars a year that goes to homeowners and want to spend it on their own projects. They have realized they are spending way too much money and the deficits are growing out of control. How out of control? Let’s talk […]
Home Mortgage Deduction Contributed to Housing Collapse The mortgage interest deduction, a tax break long considered a fundamental piece of the American dream, played a major role in the collapse of the housing and financial markets, according to a University of California, Davis, School of Law professor. Dennis J. Ventry Jr., an expert in tax […]