loomis tax tips: Simple Mistakes Homeowners Make At Tax Time
- 02/08/13 12:38 PM
Sin #1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2013 property taxes until 2014. But that’s irrelevant to the feds. Enter on your federal forms whatever amount you actually paid in 2013, no matter what the date is on your tax bill. Dave Hampton, CPA, tax manager at the Cincinnati accounting firm of Burke & Schindler, has seen home owners confuse payments for different years … (1 comments)
Justin Johnson knocked on my door and offered a home valuation. At the time I was not interested in selling my home. Despite that he continually ... more
5.0/5.0
by pallegar80
756510
The escrow process while buying my home was excruciating. The sellers were extremely unethical and took a lot of shortcuts. The 30 day escrow became ... more
Sin #1: Deducting the wrong year for property taxes
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