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Paying Taxes When You Sell a House

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Taxes_When_Selling_Your_Home.mp4"][/video]   Technically, yes. However, the profit on home sale can be tax free if certain conditions are met. In fact, many…


How to Know If You Owe Taxes: The Complete Guide

How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you…


Section 1231 Property, How It Works, And Reporting Them On Your Taxes

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/1231.mp4"][/video] What is a Section 1231 Property? Section 1231 of the tax code provides guidance on the treatment of gains and losses…


Income Tax Tips for Selling a Home

Selling your home is often a triumph – but it can also be a stressful and complicated process. Don’t forget to consider the tax implications…


Tax-Deductible Moving Expenses

Tax Tips About Moving Expenses and Your Federal Tax Return   If you have to move because of your job — whether you’re starting a…


How to Handle a Federal Tax Lien

A tax lien is a claim against property that the government uses to protect its interests in tax debt. The IRS will place a lien…


Top 10 Tax Tips If You Sold Your Home in 2023

Have you heard of this? You might not have to pay taxes on the gain if you sell your home and make a profit. Yes,…


Vacation Home Rentals and Your Taxes

Can you deduct the costs of renting out your property?   Generally, if you rent a home to others, you are required to report the…