Tag Archives: taxes

9 Tax Considerations For Transitioning Servicemembers

A transition from active duty is a very turbulent time.  Whether you are retiring, separating, or going to the reserves, there are a lot of financial impacts to your life.  It’s important to take some time to recognize what those … Continue reading

Posted in Military Transition, Taxes | Tagged , , | 7 Comments

Eleven Real Estate Lessons I Learned as an Accidental Landlord

Real Estate Lessons Learned This is the story of my first house, which my wife and I bought in our twenties.  It’s not really as bad as the cool Star Wars picture to your left.  Things worked out in the … Continue reading

Posted in Real Estate | Tagged , , | 5 Comments

Amended Returns: Does the IRS Owe You Money?

According to the IRS, 5 million people were expected to file amended tax returns for 2014, out of 131 million original filings. For 2015, the IRS expects over 150 million individual returns, which means even more amended returns can be expected. Continue reading

Posted in Taxes, Uncategorized | Tagged , , , , , , , | 3 Comments

3 Tax Considerations When Selling Your Rental Property In The Military

When you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, or because it makes financial sense to do so. In fact, I previously wrote an article about this here. However, there are times in your military career where you just can’t sell your home as soon as you leave it: you’re underwater, you might move back into it later on, it’s got potential to make a lot of money as a rental, or timing issues. From the moment you have a tenant move into your house, it’s no longer your home…it’s a rental property. Whatever the reason for selling your home, let’s take a look at three tax considerations you should take into account: Continue reading

Posted in Real Estate, Taxes | Tagged , , , , , , , | 11 Comments

5 Tax Considerations When Selling Your Home in the Military

In the military, there are many reasons for selling your home.  You can sell for any of the following reasons: relocation buying a bigger home downsizing retirement/separation because it makes financial sense to do so Let’s take a look at … Continue reading

Posted in Real Estate, Taxes | Tagged , , , , | 6 Comments