Tax Tips

Tax rules that let you escape paying federal income tax after a short sale expire this year

If you can’t afford your mortgage and know you’re going to eventually have to sell your home via short sale, you might want to get going on that sooner rather than later.

10 Common Errors Home Owners Make While Filing Taxes

Estate tax in flux

Even top tax experts confess confusion as they try to figure out what’s happening with the estate tax.

Here’s a quick summary: As of October 2010, Congress still hasn’t restored the federal estate tax despite predictions they would reinstate it retroactive to January 1. Now, many experts are saying that Congress isn’t likely to pass a retroactive estate tax this year. The 2011 status remains a mystery.