As we turn the calendar on yet another year, it's time to start thinking about income taxes once again. How much do you know about taxes? Take this pop quiz and see if you do as well as the guy interviewed on the street in Times Square… . We'll have more tips for you when […]

Until the Mortgage Debt Forgiveness relief act was created in 2007, a person who short sold his home had to pay the IRS income tax and the mortgage debt forgiven in a short sale or mortgage term work out on his home. Clearly that made short selling and certain modifications impossible for many. If distressed […]

If you bought a home or refinanced your home in 2013, mortgage points you paid on the new loan are tax deductible. But depending on whether you purchased a home last year, or simply refinanced the one you already had, when you can deduct the mortgage points varies, as explained in this brief video… Check […]

Dozens of tax breaks expired on January 1st. Gulf Shores homeowners may have to do without some of these when they prepare their taxes next year, unless some or all of these deductions and breaks are retroactively extended by Congress. No one can confidently predict what will happen with restoring some or all of these […]

Even though we're still six months or so away from that dreaded tax filing season, we wanted to bring to your attention some easy tax mistakes Gulf Shores home owners often make and end up paying more than necessary to Uncle Sam. Making any one of these tax mistakes as they relate to your Gulf […]

Now that the April 15th tax deadline has come and gone, it's time to start thinking about taxes for next year. Most people are so glad to have tax season over with, the last thing they want to think about is taxes again, but now is actually the best time. For those of you who […]

The April 15th tax deadline is almost here, and even though most Americans have already filed their taxes — especially if they were due a refund — the IRS says 20 to 25 percent of us will wait until the last minute. If you’re one of those last minute procrastinators, here’s some last minute tax […]