Being audited by the Internal Revenue Service (IRS) is a lot like having your math teacher from high school tell you to prove that you’ve come up with the right answer on a test. If you can’t prove it, you fail. Sadly, many taxpayers who find themselves in this situation end up failing because they […]
TaxAudit Reviews the Tax Consequences of Transferring Your House Deed to Your Child
You’ve always had your son’s best interest at heart, which is why you stashed away extra money in his savings account and college fund when he was a little boy. And it’s why you can’t wait to gift him with your home in the future by transferring your home’s deed to him. Not so fast, […]
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