Archive for February, 2009

Getting to Know the IRS Tax Return Transcript

02.16.09 | Author: harrismiller | Posted in Taxes Income | No Comments »

The importance of your income tax forms does not necessarily end after filing them. In some cases, whether you are interested in a mortgage, automobile, or bank loan to start your own business, a transcript of your last few income tax returns would often be requested for them to approve your request. This is often [...]

Tax Advantages of Home Ownership – Example

02.08.09 | Author: harrismiller | Posted in Taxes Property | No Comments »

There is a considerable tax advantage to home ownership. A homeowner pays interest on his mortgage and local property taxes on his home, while a person who rents an apartment pays rent. The latter, however, includes a sum to enable the landlord to pay the interest and tax; hence the renter pays these costs indirectly. [...]