As a general rule, all the income you receive in the form of money, property, or services is subject to the federal income tax unless it is specifically exempted by law. On Form 1040 that you use to file your annual federal income tax return, there is a separate line at the end of the ...
First, my usual disclaimer. The following is not intended to be legal advice, nor am I acting as your lawyer in this matter. The sole goal of this article on dealing with a bad tenant is to assist upstate New York landlords in understanding the law and vocabulary of bad tenants and evictions. If you ...
If you are considering purchasing property in the state of New Jersey to rent of if you are considering renting property from a landlord in the state of New Jersey you should be informed of the state laws. Knowing the laws New Jersey governs by when it comes to rental property and evictions can save ...
If you are considering purchasing property in the state of Massachusetts for the purpose of renting or if you are considering renting property in Massachusetts, you should make yourself familiar with the eviction laws and the rights you have as a landlord or tenant. Each state has their own set of laws when it comes ...
Oklahoma offers real estate brokers many opportunities and options; with the combination of both rural and urban areas, Oklahoma real estate associates have a variety of areas for potential profits. Licensing requirements in Oklahoma are fairly straightforward and simple, making it easy for anyone to join the real estate business. Oklahoma law requires anyone selling ...
A net operating loss (NOL) for tax purposes, occurs when your deductions for a year are greater than your taxable income for the year. If you have negative taxable income when you prepare your tax return, you may have a net operating loss. This is generally caused by deductions from a trade or business, or ...