Tax Talk

Tax Talk

Understanding the basis of rental property

When you change property held for personal use to rental use (for example, you rent your former home), the basis for depreciation will be the lesser of fair market...


Business

Refund delays in Utah, many other states

Many states have had refund delays due to fraudulent returns being filed in early February. Utah was one of the states affected by this. Taxpayers in Utah have...


Tax Talk

Proposed changes to gambling winnings

Taxpayers who enjoy going to the casino and playing slot machines, keno or Bingo may be in store for lower reporting limits by the IRS. The IRS is proposing to...

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