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Home and Family Taxes
Home Sale Capital Gains odd scenario | Home Sale Capital Gains odd scenario |
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Can somebody tell me if the following scenario would qualify for the capital gains exemption? A group of elderly siblings built a house 5 years ago and all lived in it together but only had one sibling on the title as owner. That sibling died 18 months ago and they somehow moved the title to another Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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