The Money Trap

How can two nice people — who used to be a nice couple — suddenly turn into two gladiators trying to destroy each other? If you’re just getting started in the divorce process, you’ve probably gotten plenty of free advice from well-meaning friends, families and neighbors. They may have said something like the following: “Hey, sorry...

Planning to Sell Your Home?

Many of us find ourselves selling our homes and in these times of huge changes in property values in California, we may need to look at the tax affects of this. For years prior to 1997, taxpayers had to reinvest the proceeds in order to avoid paying taxes on this gain. With the passage of the Taxpayer Relief Act of 1997, Congress passed a law to simplify this...

Divorce Planning Tips If You Own Your Home

With passage of the Taxpayer Relief Act of 1997, Congress enacted sweeping tax reduction legislation last August. For those contemplating divorce, it alters dramatically some of the tax problems and benefits. This article discusses the major changes in taxes as it effects the sale of your home No More Tax on the Sale of Your Home Courtesy of the Taxpayer Relief...