lauren massey raleigh: Raleigh, NC CPA Firm: Sell or Refinance Home with a Tax Lien!
- 08/21/18 06:17 AM
Need to sell or refinance a home with an IRS tax lien or North Carolina Department of Revenue tax lien? Many clients who come into my Raleigh, NC office assume that they cannot sell or refinance a home with a tax lien or judgment unless the underlying debts are paid in full. Contrary to popular belief, a home can be sold or refinanced when tax liens and judgments have been filed against a property even if the debts are not paid in full. A house with a tax lien can be sold whether utilizing a traditional real estate professional or an … (0 comments)
lauren massey raleigh: Raleigh, NC CPA Firm: New Tax Law – Deduct Home Equity Loan Interest
- 06/20/18 10:41 AM
The most recent changes to federal income tax law under the Tax Cuts and Jobs Act of 2017 (TCJA) have created a bit of confusion within the real estate investor community. A common point of confusion is whether or not the interest from a home equity loan can be deducted related to rental property. In general, the answer is – YES! Below is additional detail regarding the impact of the new tax laws on home equity loans or home equity lines of credit (HELOC). Old Tax Law: Deducting Home Equity Interest Under the old tax law, home equity loan or HELOC interest … (1 comments)
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Lauren Massie, CPA, EA, MBA
CPA - Specializing in Tax Settlement in Raleigh NC
Need to sell or refinance a home with an IRS tax lien or North Carolina Department of Revenue tax lien? Many clients who come into my Raleigh, NC office assume that they cannot sell or refinance a home with a tax lien or judgment unless the underlying debts are paid in full. Contrary to popular belief, a home can be sold or refinanced when tax liens and judgments have been filed against a property even if the debts are not paid in full. A house with a tax lien can be sold whether utilizing a traditional real estate professional or an … (0 comments)
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