Article Date:
May 2019


Word Count:
1019

 

 

Taxpayer Saved 15 Hours of Paperwork, Lost $35,000 to the IRS


We know that you don’t like it. But you have to accept it.

 

You are in a business and personal partnership with the government. One portion of your partnership agreement is the tax code.

 

And we are sure there are many parts of the tax code that you don’t like, particularly the parts where you have to keep tax records.

 

Proving Basis in the Home

 

Riley and Joyce Pendergraft bought their home in San Jose, California, for $45,000. By the time they sold the house 28 years later, its value had grown to $790,000.

 

The Pendergrafts could pat themselves on the back for some of that growth ... Log in to view full article.

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