Search Results

Information about the like-kind exchange and requirements under IRS Code Section 1031 for recognizing a gain or loss.

Destroyed, stolen, or condemned property?

Time is on your side.

Find out if you qualify to exclude from your income all or part of any gain from the sale of your personal residence.

Find out when you're required to report rental income and expenses on your property.

May 15, 2025 — Two men were sentenced to prison today for a wire and tax fraud scheme to obtain title to a $1.3 million home in Roanoke County, Virginia. Herman Estes Jr. of Fieldale Virginia was sentenced to 84 months in prison; his co-conspirator Daniel Heggins of Charlotte, North Carolina was sentenced to 24 months in prison.

If you own rental property, know your federal tax responsibilities. Report all rental income on your tax return, and deduct the associated expenses from your rental income.

July 21, 2022 — A Michigan real estate consultant and accountant was sentenced today to 18 months in prison for filing false tax returns with the IRS that omitted more than $800,000 in income, most of which he earned from a kickback scheme.

October 11, 2022 — A Michigan man was sentenced to 38 months in prison today after engaging in a nearly decade-long effort to prevent the IRS from collecting unpaid taxes he and his businesses owed.

July 26, 2022 — A Nevada man pleaded guilty today to evading payment of taxes he owed to the IRS.