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1). Home Appreciation and Capital Gains By : Richard A. Chapo
The last seven years has seen tremendous appreciation in home prices. This brings up the issue of home capital gains tax issues for people when they sell.
Home Appreciation and Capital Gains
Owning home is considered part of the American Dream. Unless you are extremely unlucky, homeownership leads to tremendous wealth building. You simply sit in your home, make the monthly payment and reap the benefits of appreciation and increased equity.
Article Related to: tax, taxes, irs, appreciation, sell home, american dream, capital gains, exemptions
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2). IRS Sets Telephone Tax Refund Amounts By : Richard A. Chapo
In a recent decision, a federal court overturned a telephone tax that has been charged for years. Given the result, the IRS has decided to issue refunds for past collected taxes.
IRS Sets Telephone Tax Refund Amounts
In 1898, the federal government passed a law assessing taxes on long distance phone use in the United States. The tax was so relatively small, ranging from one to three percent, that it was never questioned.
Article Related to: irs, tax, taxes, telephone, refund, refunds, exemptions, exemption, long distance
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