Safe Harbor

While many use the term “safe harbor” in reference to accounting and taxes, safe harbor laws are seen in a variety of industries, including real

Homestead Exemption

Homestead exemption laws prevent the sale of a home in order to pay off taxes or creditors. Nearly every state in the U.S. has homestead

Ad Valorem Tax

An ad valorem tax is a form of taxation based on the value of a transaction or a property, either real estate or personal property.

Transfer tax

Transfer tax refers to taxes paid when the title to a piece of real property changes hands from one owner to another.

Taxpayer identification number (TIN)

A taxpayer identification number (TIN) is used by the Internal Revenue Service (IRS) to process all tax-related documents and tax returns.

Taxable income

Taxable income is the amount of income used to calculate the taxes owed by an individual or a company.

Tax-sheltered annuity

A tax-sheltered annuity (TSA) is a retirement savings plan that allows employees of tax-exempt organizations and self-employed people to invest pretax dollars to build retirement

Tax tables

Each year, the IRS publishes its revised tax tables and taxpayers determine how much tax they owe.

Tax sale

A tax sale is a government sale of property to recover unpaid taxes.

Tax shelter

A tax shelter is a method of lowering taxable income for individuals or companies. Although some tax shelters are permitted under U.S. and international law,

Homeowner Education