Posted on May 29th, 2009 by Carlo Capomazza
Image via Wikipedia DEAR BENNY: I was told by a prominent accountant that there is a loophole in the law that states that you can be exempt from paying capital gains (if you are in a home less than the two-year period) if there are “unforeseen circumstances” involved. Are you aware of this? Can you [...]
Filed under: Legal Advice in Common Scenarios, Tax Issues | No Comments »
Posted on April 26th, 2009 by Carlo Capomazza
With 2 million layoffs recently, the employment websites are busier than ever. And it’s not just jobseekers who are making these sites so popular. Consumer-protection and law-enforcement groups and better-business bureaus are reporting that a whole new breed of scammers and “phishers” are also logging on to get your personal information to steal your identity. [...]
Filed under: Identity Theft, SCAM ALERT | No Comments »
Posted on April 22nd, 2009 by Carlo Capomazza
DEAR BENNY: There appears to be much confusion on the taxation liability of the funds on the sale of a house. I purchased a home for $300,000 in 2000 and will be selling it for $800,000 this year. I have lived in the property for the full duration and file joint tax returns with my [...]
Filed under: Legal Advice in Common Scenarios, Tax Issues | No Comments »
