Julian Block On How To Take A Tax Deduction For Protecting Your Good Name
Julian Block has agreed to help me in my effort to become the Tom Sawyer of blogging. Ordinarily, deductible business expenses include payments to settle disputes,...
Review Of Julian Block’s Home Seller’s Tax Guide
Of course planning for the exclusion is not the only issue. There is the matter of actually determining your gain. Julian provides a lot of advice on that including some that would be good to follow well before you are thinking of selling. This was where I picked up another tip, that had never occurred to me. Owners of condominiums and cooperative apartments should be sure to include capital assessments that that they have paid over the years to their basis when they compute gain on sale. Then there is the stuff on divorce, estates and, don’t get me started, community property.
I think that most readers will find that Julian makes some fairly complicated matters accessible to readers. I would say that this book borders on a must read for realtors and attorneys who handle a lot of home sales and homeowners who prepare their own returns. A hard copy can be ordered from Julian’s site and it is also available on Kindle. Used copies are being sold on Amazon for a small fortune, but I don’t quite get what is going on there. Better you should buy six copies direct from Julian and give them to your friends.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.