Taxes are what you pay to the federal, state and local governments where you live. Different types of taxes include income taxes, capital gains tax, sales tax, estate tax and real estate taxes such as property tax. Learn how to bequest property and do transactions in a way that will help you pay less taxes and follow the law.
Real Estate Minute: Tax Deductions Can Raise Red Flag
Real Estate Minute with Ilyce Glink Watch your deductions this year to avoid getting audited Original Air Date: April 12, 2007
Real Estate Minute: IRA Deadline
Real Estate Minute with Ilyce Glink Last week deadline for IRA Original Air Date: April 11, 2007
Real Estate Minute: Avoid Making Basic Tax Mistakes
Real Estate Minute with Ilyce Glink Avoid Making Basic Tax Mistakes Original Air Date: April 10, 2007
Real Estate Minute: IRS Tax Scams
Real Estate Minute with Ilyce Glink
Countdown to tax day: IRS SCAMS
Original Air Date: April 9, 2007
Ilyce Glink on WSB Radio – April 8, 2007
Today on the Show: It's Easter Sunday and on the Ilyce Glink show, Ilyce talked about why our taxes are due on April 17th this year, instead of April 15th. She also answered questions about the Atlanta real estate market and what to do if you want to sell a house in a neighborhood where nothing is moving.
Ilyce Glink on WSB Radio – April 1, 2007
Today's show features Karen Nelson Bell, author of "Nothing Down for Women," a new book in which she shares her riches-to-rags-to-riches story and advises women (and men, who make up 30 percent of her readers) how they can build their own real estate fortune. Since April is tax season, Ilyce invited Enrolled Agent Chet Burgess on the show to give listeners some important tax tips.
Wait To Transfer Property Through Inheritance
It is probably better to transfer property through inheritance, rather than gifting or quit claiming the property. With inheritance, the property will be transferred at the market value of the day of the land, and both parties will avoid a big tax bill.
Pay Off Mortgage and Delay Retirement
Sometimes you may feel you no longer want to make your mortgage payments and just pay off your mortgage with other assets such as money in an IRA or 401(k) plan. But is it a good idea to pay off a mortgage with retirement money? If you're under 59 1/2, you'll have to pay extra taxes on the money that you withdraw from your IRA or 401(k).
Capital Gains Tax Angle On Selling Second Home
How long you've owned property before you sell is a question that the IRS wants to know. It's primarily a tax question because how long you own your home relates specifically to how much tax you'll pay, if any, on the profits you earn when you sell. According to the IRS, if you own a home for less than a year and then you sell it, the profits are considered to be ordinary income. If you own the property for at least 12 months, you would pay capital gains tax at rates of up to 15 percent, plus state tax.
Ilyce Glink on WSB Radio – March 9, 2007
Clark Howard Show: On the show today, Ilyce talked about the IRS's dirty dozen tax scams and what you can do to avoid them. Also, would you pay your child to pass an AP test? You may not have to. The National Math and Science Initiative, announced yesterday, will pay your child $100 for every AP exam he or she passes. Teachers will be compensated for every student that passes. What do you think about that? Tune in to listen to hear how listeners responded.