Another tax year

Another tax season year has passed, since October 15, 2014, and still a person’s tax return has not been filed (Gulp!). So what are the ramifications for filing late? Generally speaking there are penalties, as well as interest, on any…

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House of Windsor

Of course we are not referring to the British Royal Family, but the infamous US Supreme Court case of United States vs. Windsor, which was handed down back on June 26, 2013. What Windsor was about is the constitutionality of…

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Rental losses: deductible?

A person owns and operates a few (or even several) rental properties and after apply all of the operating expenses (e.g. mortgage interest, real estate taxes, cleaning/maintenance, management fees, etc.), including depreciation, and resulting an operating loss (or losses) on…

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