Having a higher mortgage can be a huge tax benefit and one of the major benefits associated with real estate ownership. On the other hand, the benefits may be outweighed by other issues. Only a professional can help you decide how much of a mortgage you should have, how much equity should be kept in real estate, when is it wise to refinance, and many other questions. When you are purchasing a new home or selling your old one, it is important to understand the tax ramifications associated with either of these actions. Be sure to contact us if you have additional questions and be sure to check out the real estate tax resources below.
Forms and Publications
Tax Software
Tax News Network
Tax Forms online
US Treasury Department web site
Tax Legislation
United States Internal Revenue Code
Tax Service
Yahoo Finance/Tax
Taxes and the IRS
CNN Taxes/Finance on line
Federation of Tax Administrators
National Tax Association
IRS Home page
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