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Tax Basics Questions & Advice

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What exactly is a Foreclosure Tax Sale and how do these work?

I keep seeing listing for foreclosure tax sales – what are these sales and why are these listings so frequent all of a sudden?    

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Would taking an early withdrawal from my 401k cause my tax penalties if I used the funds towards my home?

I used an early payment from my 401k to pay for my house.  Will I incur tax penalties?  

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I am unemployed, almost 60 years old, and need to withdraw early from my 401k. Will there be penalties even if I am in hardship?

  Question:  I recently lost my job and I am considering taking an early withdrawal from my 401k to pay for unexpected medical bills.  What tax p...

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How does Earning Rental Income through a Vacation Home affect my Taxes? I want to deduct some expenses against that income.

Question: I’d like to use my vacation home as a potential rental and provide additional income.  Currently, we’re looking to rent it for two we...

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