Desert Sky Photos
Front of House Front Entrance and Kitchen Kitchen and Living Room Back Yard Courtyard Master Bedroom Guest Bedroom Club
Front of House Front Entrance and Kitchen Kitchen and Living Room Back Yard Courtyard Master Bedroom Guest Bedroom Club
The Saskatoon StarPhoenix has a good summary of tax issues for Canadian snowbirds who spend their winters in the sunny south. They start with a reminder to fill in the IRS Form 8840 by June 15th and then go on …
The Globe published an article today on The flip side of retirement in the sun? A tax headache. While most of these articles are typically an advertorial for tax accountants, it does have some useful info. The article covers the residency …
If you are a non-resident alien who needs to file taxes in Arizona, see the following. http://www.azdor.gov/LinkClick.aspx?fileticket=ya1vt7rSO0s=&.. You can e-file using this form. http://www.azdor.gov/LinkClick.aspx?fileticket=1lBSrLEEXZI%3D&tabid=257&…
For an over view of this topic as it applies to Canadians, see http://www.cra-arc.gc.ca/E/pub/tg/t4036/t4036-e.html#tphp
According to this Turbo Tax article, rental properties are, by definition, passive activities and are subject to the passive activity loss rules.However, there is an exception: If you own at least 10% of the property, and you make major management decisions, you …
There is a big difference between capital improvements and repairs. According to Turbo Tax, “the cost of property improvements generally must be capitalized and depreciated over several years (by following IRS depreciation tables) rather than deducted in the year paid. By …
Turbo Tax will walk you through the process of reporting your rental income to the IRS. They have a posting on Real Estate Tax and Rental Property at the previous link. They promise to “help you with deductions, depreciation, and getting …
For the snowbird who also wants to rent out their American vacation home, here are some links to tax tips. My starting point was the IRS page on Rental Income and Expenses – Real Estate Tax Tips. It provides tips on …