Tag: software

If the company receives a refund of actual estate taxes it paid in an earlier yr, it should scale back the quantity of actual property taxes paid this 12 months when it allocates the tax expense to you. Your deduction for actual property taxes the company paid this year is decreased by your share of the refund the corporation received. You can’t deduct switch taxes and similar taxes and charges on the sale of a personal home. If you are the purchaser and you pay them, embrace them in the fee foundation of the property. If you are the seller…