New 1% Federal Bank Transaction Tax Proposed in House Bill HR-4646 – Email Your Congress Person Now

I Could Not Believe It. Is This Really True?It Is In The Planning Stages NowThe Federal Transaction Tax! President Obama’s finance team and Nancy Pelosi are recommending a 1% transaction tax on all financial transactions.It is true.The bill is HR-4646 introduced...

Residence to Rental?

 MikeI have recently converted a house I bought in 1988 that was my principal residence till 2009 into a rental unit under my LLC. How do you suggest that this conversion be recorded so that it is tax advantaged for the LLC. Meaning, when the property gets sold...