Month: November 2022

Most people who invest in rental property do so with a profit motive, oftentimes raising the rents as high as they can in order to maximize their income. But in other situations, maximizing profits may not be the ultimate motive. Sometimes, a landlord may be willing to rent to a tenant at below fair market value. Examples include a parent renting a property to a child where the rent just covers the mortgage and utilities or when a landlord gives a deal to a friend. The IRS has very specific tax rules when it comes to below market rent.... and it generally isn't good. Click below for detail.

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If you are already on Medicare, now is the time to look at your options. You don’t need to take any action with your Medicare Advantage Plan or Traditional Medicare Part D prescription drug plan if you are happy with them. However, plans change every year so it’s worth confirming that your doctors, preferred pharmacies and other providers are still in network and that your medicines are still covered at the price you expect. You should also consider whether to switch from Traditional Medicare to Medicare Advantage. For more information, click below:

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