Tuesday, March 6, 2007

IRS Publications

I was interested in buying a book about real estate tax, etc, and realized that the best tax reading you can do is at www.irs.gov. The following are worth while:

Publication 523 - Selling Your Home
Publication 527 - Residential Rental Property
Publication 530 - Tax Info for First Time Buyers
Publication 544 - Sales and Disposition of Assets
Publication 583 - Small Business Record Keeping
Publication 936 - Home Mortgage Interest Deduction
Publication 946 - How to Depreciate Property

Spend an afternoon reading these and you'll have a great introduction to how the IRS's taxes, and with a little thought the nuance of the tax breaks are pretty obvious, especially with the little examples that the IRS provides in the pubs.