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Home is Where the Tax Breaks Are

Home is Where the Tax Breaks Are
  Are you a homeowner? Take a look at the following list of tax breaks. There may be some here that you don’t know about. Questions? Ask us. Mortgage Interest. If you own a home with an unrelated taxpayer, you are now each entitled to a mortgage interest deduction of up...
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IRA Secret - Invest in Real Estate using a Self-Directed IRA - Houston CPA

IRA Secret - Invest in Real Estate using a Self-Directed IRA - Houston CPA
Most of you know about IRA's - there are Traditional IRA's and Roth IRA's - and most of you that have an IRA have your money invested in stocks, bonds, and mutual funds, right? Did you know you can also use your Traditional or Roth IRA account to invest in other...
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Tax Advantages of Owning a Vacation Home

Tax Advantages of Owning a Vacation Home
Summer time is rapidly approaching. With thoughts of relaxing with your family at your favorite vacation spot, I thought it would be a good time to remind you of the tax advantages of owning a vacation home. Your second home or vacation property can offer you significant tax advantages. The tax...
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Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA

Avoid Capital Gains Tax By Exchanging Real Estate with 1031 Exchanges - Houston Small Business CPA
The real estate market in Houston is heating up!!! Just one problem..... with the recent increase in capital gains tax to 20% in addition to the 3.8% Medicare Tax that was part of the Health Care Act, sellers will be taking home less money than they would have last year. As...
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