Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Employee Relocation: What Happens to your Home?

by TaxGenuity Tax Experts | May 16, 2017 | Tax Advice

Business owners, as well as employees, often have questions about what to do with an employee’s home–and what the tax consequences might be–when he or she is moved to a new job location. Here are some answers. Employees Most employers want to protect...

Retirement Plan Options for Small Businesses

by TaxGenuity Tax Experts | May 13, 2017 | Tax Advice

Employer-sponsored retirement plans have become a key component for retirement savings. They are also an increasingly important tool for attracting and retaining the high-quality employees you need to compete in today’s competitive environment. Besides helping...

Tax Implications of Retiring Overseas

by TaxGenuity Tax Experts | May 10, 2017 | Tax Advice

Are you approaching retirement age and wondering where you can retire to make your retirement nest egg last longer? Retiring abroad may be the answer. But first, it’s important to look at the tax implications because not all retirement country destinations are...

Renting Out a Vacation Home

by TaxGenuity Tax Experts | May 7, 2017 | Tax Advice

Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself. There is, however, one provision that is not complicated. Homeowners who rent out their property for...

What to do if you haven’t filed a Tax Return

by TaxGenuity Tax Experts | May 4, 2017 | Tax Advice

Tuesday, April 18, 2017, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2016 tax return yet, don’t delay. There’s still time–and it’s not as difficult as you think. Here’s What to Do When...

Cut your Tax Bill with Home Energy Credits

by TaxGenuity Tax Experts | May 1, 2017 | Tax Advice

Did you know that it’s possible to trim your tax bill and save on your energy bills with certain home improvements? Here are some key facts you should know about home energy tax credits: Non-Business Energy Property Credit Part of this credit is worth 10 percent...

IRAs and your 2016 Tax Return

by TaxGenuity Tax Experts | Apr 30, 2017 | Tax Advice

Taxpayers often have questions about Individual Retirement Arrangements, or IRAs. Common questions include: When can a person contribute, how does an IRA impact taxes, and what are other common rules. If you have questions, here’s what you need to know: Age...