Lower My Tax Now Blog
Foreign Account Reporting by June 30
Posted in Tax-Blog. Bookmark the permalink. | , June 29, 2016 | 0 Comments
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.
If you hold foreign bank or financial accounts, or have signature authority over such accounts, and the total value of all your accounts exceeds $10,000 at any time during the calendar year, you may be required to file a Treasury…
How To Solve Your Depreciation Dilemma
Posted in Tax-Blog. Bookmark the permalink. | , June 22, 2016 | 0 Comments
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.
Do you own a rental property where you have “used up” most or all of your depreciation? You want to sell the old property and buy a new one so you can start benefiting from the depreciation deduction again. You’re…
How To Take Advantage of a 1031 Exchange
Posted in Tax-Blog. Bookmark the permalink. | , June 15, 2016 | 0 Comments
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.
Do you have a rental property that appreciated in value that you want to sell? You want to pull the trigger but you are afraid of the tax you will be paying on the gain. What…
Tax Strategy When Renting Out Your Home During Summer
Posted in Tax-Blog. Bookmark the permalink. | , May 25, 2016 | 0 Comments
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow
Are you thinking of signing up with one of those websites that link travelers to property owners with room to spare? If you plan to offer for rent all or part of your main home, here’s one tax strategy that…
