One of the most popular provisions in the tax code is the $250,000 capital gain exclusion ($500,000 for a married couple) of any profit made when selling your home. Thanks to the rule, most primary-residence home sales transactions are not a taxable event. But what if the tax law is changed? …
Calming Reflections on Presidential Elections
In the run-up to the U.S. presidential election, you’ve been hit by enough breaking news to propel you well into 2021. Predictions abound on who will prevail, and what will happen to our political, social, and economic landscape as a (supposedly) direct result. Come what may, the results will …
To Amend or Not Amend? Correcting Tax Return Errors
Oh, what a relief it is to file your annual tax return! It feels like the final step to putting the prior year in the history books. But what do you do if you find an error on your return after you have filed? Should you file an amended return? Here are some things to consider. Errors in the IRS's …
