Congress Extends Tax Deduction for Private Mortgage Insurance (PMI) Through 2015
Can't put 20% down? You'll have to pay PMI, but it's tax deductible.
IRS Announces Cost of Living Increases for 2015 (Effective: Jan 01, 2015)
The IRS has announced most of the annual inflation adjustments for tax year 2015.
Tax Filing Requirements Under the IRS Repair Regulations
Landlords will need to file Form 3115 to change their “method of accounting” for rental property they own and depreciate--an onerous task.
Important Update to the 11th Edition of Every Landlord’s Tax Deduction Guide
In response to widespread complaints about the expense and difficulties involved in filing IRS Form 3115 to obtain automatic IRS consent to apply the IRS repair regulations to years before 2014, the IRS issued new regulations in mid-February 2014.
IRS Increases Standard Mileage Rate For 2015
The IRS has increased the business standard mileage rate for 2015.