Tax – Florida Real Estate Accountants

Do Trusts Have to File a Tax Return?

Trusts are often used as estate planning tools, providing benefits such as asset management and tax advantages. However, one common question that arises is whether trusts are required to file a tax return. The answer depends on several factors, including the type of trust and its income. This article will break down the requirements forContinue reading “Do Trusts Have to File a Tax Return?”

Tax Implications of Refinancing a Property

Refinancing a property can have various tax implications depending on your situation. Here are some key points to consider: 1. Interest Deductibility 2. Loan Origination Fees 3. Property Taxes 4. Home Equity Loans 5. Tax Basis and Capital Gains 6. Possible Taxable Income 7. Points and Loan Modification General Advice: If you have specific detailsContinue reading “Tax Implications of Refinancing a Property”