Category Archives: Tax Information


Attention: Landlords – New Tax Law

There will be expanded IRS Form 1099 reporting for rental property owners starting with the year 2011. The Small Business Jobs Act of 2010 requires all individuals who own rental property to issue an IRS Form 1099 for payments relating to their rental properties. Now, by definition, “a person receiving rental income from real estate […]



Tax Credit Confusion

Remember back in 2008, when the first-time home buyer tax credit was first rolled out by the government? You probably do, but if you were one of the ones who took advantage of the credit that first year, hopefully, you will remember the details. The Internal Revenue Service reported last week that about 950,000 of […]