questions

We’ve had day after day of sound bytes from Wall Street and economic analysts. It’s all doom and gloom with the only hope being a government bailout. Or, at least that’s what they say.

It’s easy to get drawn into that negative drama. It’s something to talk about, email about, IM about and above all, lose sleep about and worry about. But, is it true? Is the sky really falling?

When it comes to taxes, there rarely are quick questions. Or, let me put it another way, if you consistently get quick answers from your quick questions – run, don’t walk, to another advisor. That’s because on the surface it might seem like a quick question, but there is often more to it. For example, “I am selling my principal house that I lived in for over two years and getting back $100,000, do I have to pay tax?”