 |
|
 |
| |
 |
VIDEOS:
QUOTES FROM ONLINE SOURCES:
- www.fa-mag.com
Don’t Forget These Valuable Tax Perks | It pays to take note of the most valuable tax credits and deductions. In big-picture terms, personal exemptions offer the biggest value, worth $842 billion in total dollars claimed on 2005 returns, according to the Internal Revenue Service. While it's unlikely taxpayers miss out on their rightful exemptions, there are plenty of other tax perks they do often miss.
- Spokane.net
According to Ted Lanzaro, managing partner at Lanzaro CPA, Shelton, Conn., property taxes are commonly assessed based on three factors: the assessed value of the home as determined by the local government tax appraiser; the budget of the local government; and a mill rate...
- Biz.Yahoo.com
"In nonrecourse situations, you have a house, the mortgage and the market value of whatever the bank can sell it for and put toward the outstanding loan," says Ted Lanzaro, CPA and owner of his own accounting firm in Shelton, Conn....
- Bankrate.com
"In nonrecourse situations, you have a house, the mortgage and the market value of whatever the bank can sell it for and put toward the outstanding loan," says Ted Lanzaro, CPA and owner of his own accounting firm in Shelton, Conn. "If the house is worth $100,000 and there is a $110,000 loan on it, the bank in a nonrecourse situation cannot go after the borrower for that $10,000 difference."
- MSN.com
For some struggling homeowners, the taxes on forgiven debt or phantom income are all too real. "If it's $10,000, that's a relatively small spread; $2,000 to $2,500 in federal and state taxes," says Ted Lanzaro, CPA and owner of an accounting firm in Shelton, Conn. "But it's not just the working man having this problem. Everybody's getting in over their head these days...
- The True Citizen.com
Shopping for a home can be a taxing process - especially for those who don't probe deeply enough to learn how much they'll owe in property taxes once they purchase. Often misunderstood, taxes assessed on property valuations can vary widely throughout the country, depending on municipality, size and condition of the home and other factors....
QUOTES FROM NEWSPAPER & MAGAZINE SOURCES:
- Registered Rep
During market downturns, when clients are most in need of attention, many advisors retreat from communication even more...
- Stamford Advocate
If you bought and sold multiple homes and deferred gains prior to 1997, you may have a very low cost basis - possibly even the original purchase price of the first home you purchased 20 or 40 years ago, according to Ted Lanzaro, a certified public accountant who practices in Shelton and Fairfield...
- Westchester Business Journal
Perhaps most important is to be skeptical of anyone who calls asking for personal information claiming to be from the Internal Revenue Service, said Ted Lanzaro, owner of Lanzaro CPA in Shelton, Conn...
- Fairfield Business Journal
Ted Lanzaro, owner of Lanzaro CPA in Shelton, also warns about unsolicited telephone calls seeking personal information and callers who claim to be from the Internal Revenue Service.“Be very wary of anyone asking for your Social Security number over the phone, and of false-looking IRS forms,” he said...
- Norwalk Advocate
"Realistically, most people don't have all of the information they need to justify the basis, especially if they purchased homes many years ago," Lanzaro said. "Sometimes, the only thing you can do is to estimate the basis to the best of your memory and recollection and get help from a tax adviser."
- Greenwich Time
If you bought and sold multiple homes and deferred gains prior to 1997, you may have a very low cost basis - possibly even the original purchase price of the first home you purchased 20 or 40 years ago, according to Ted Lanzaro, a certified public accountant who practices in Shelton and Fairfield...
- Banker and Tradesman
Massachusetts commercial real estate owners take note: Cost segregation studies are becoming one of the hottest tax-planning strategies in commercial real estate...
 Back to top
|
|
|
|
|
|
 |
|
 |
|