Besides goosing higher sales taxes, new research by the Policy Matters Ohio think tank research strongly suggests repealing ...

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was depreciated beyond the straight-line method, the extra depreciation is taxed at ...

IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing depreciation on personal property and specific kinds of real estate. When ...

The terms “real estate tax” and “property tax” are often used interchangeably, but they’re not exactly the same thing. Real estate taxes are levied on real property — meaning land and any affixed ...

Republicans say the plan modernizes a tax system in place since 1935 while lowering property taxes. Democrats call it a tax ...

UPPER DARBY, Pa. -- Gloria Gaynor, 91, has spent her life building the American Dream. Now, because of just $3,500 in overdue taxes, she is losing it all. Gaynor, who has dementia, is confined to a ...

Real estate can quietly generate one of the largest tax bills most people ever face, because the IRS treats profit on property as a capital gain. With the right planning, however, I can often reduce, ...

As a trusted wealth attorney, registered financial planner and tax strategy attorney with clients nationwide, I have spent years helping individuals minimize capital gains tax, particularly through ...