IRS

IRS Scrutinizes Gifts of Real Estate

(The Wall Street Journal By ARDEN DALE) – The Internal Revenue Service has a low-profile but sweeping effort under way to use state land-transfer records for evidence of omissions in reporting gifts of real estate to family members.


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Help for Some Underwater Homeowners

(Source: News Sentinel) – Nearly one out of four homeowners is underwater on a mortgage, meaning he or she owes more than the house is worth. In response, banks and the federal government are rolling out programs they say will [...]


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Mortgage Deduction Under Renewed Scrutiny

CHARLOTTE, N.C. (Source: The News & Observer) – There’s a hallowed rule in U.S. housing policy: If you own a home, you get a tax deduction on your mortgage interest.


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