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Article Date:
June 2014

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Merciful IRS Lowers Tax on Home Sales during Tough Times

You know we have said it often: you won’t find “IRS” in the same sentence as “mercy.”


It’s true. We searched the code. We searched the regulations.


But here we are—ourselves—in a headline, no less—saying that the IRS has a merciful side.


Tough Times


In a perfect world, selling your home and moving somewhere new would always be an exciting, wonderful time. This big life event would happen completely on your timetable, fit nicely into your budget, and never, ever cause you a headache.


But that’s not always how it works out. Many times you have to move because of forces outside your control, such as a job relocation, a sick parent, or even a natural disaster. ... Log in to view full article.

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