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Weekly Favorites: The Big Capital Gains Tax Mistake Homeowners Make, plus more

Weekly Favorites October 25, 2013 - TaxACT

TaxACT Weekly Favorites:  November 1, 2013

Losing Your Identity In Five Easy Steps. Step One: Go To The Doctor. via Kelly Phillips ErbForbes
I had just been transferred to radiology when I found myself in front of yet another receptionist with a computer. She cheerfully entered most of my information and then asked for my Social Security number. I had left it blank on my medical paperwork for the second time that day. “Do I have to give it to you?” I asked politely.She blinked. Twice. “No,” she said slowly. Continue reading….

The Big Capital Gains Tax Mistake Homeowners Make via Forbes
Imagine making $250,000 and not having to pay taxes on it. That’s the generous tax break –the home sale exclusion — homeowners are entitled to when they sell their primary residence for a gain after having lived in the home for at least two of the five years immediately preceding the sale. Couples can shelter $500,000. But there’s a way to shelter even more. Continue reading…

6 Tax Terrors And How To Overcome Them via Kay Bell – Bankrate
Admit it. You’re afraid of your Form 1040 or any other tax forms. That’s OK. A lot of us are. And our tax fears, sometimes irrational, sometimes warranted, cause us to do a lot of dumb things when it comes to our annual returns. Some people put off filing, some don’t file at all. Neither of those choices is a wise tax move. But fear doesn’t have to paralyze you. Here are six common tax terrors. Some are real. Some aren’t nearly as terrifying as you might think. Continue reading…

Is there anything that you came across this week that caught your eye? We’d love to hear about it. Leave it in the comments below.

Photo credit: fatboyke (Luc) via photopin cc

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