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Understanding Tax Terms: Installment Sales

Understanding Tax Terms: Installment Sales

If you use an installment sale to help sell property, you can benefit from tax deferral and possibly lower your overall tax bill. But you need to watch out for certain tax traps if you do. Installment sale defined Generally, you create an installment sale when you...
Summer Tax Tips for Everyone

Summer Tax Tips for Everyone

Summer is usually the time for relaxing, but it can also be a time for tax savings, especially if you’re still reeling from an unexpectedly large tax bill in April. Here are four timely tips: Rent your home. If you rent out your main home or a vacation home part of...
Paying a Tax Bill With a Credit Card

Paying a Tax Bill With a Credit Card

Understand the options and costs Your tax bill has come and gone with you still owing money because you’re a little strapped for cash. Or maybe you’re considering alternative payment options for your upcoming quarterly estimated tax payment. There’s...