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Henry B. Murphy, Jr.
Certified Public Accountant, Registered Investment Advisor
10 Hereford Drive, Princeton Jct., NJ 08550
Phone (609) 497-2929, Fax (609) 799-5170
Email: HBMurphyJr@aol.com
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Dear new neighbor,
With all the joys of settling into a new home come a few headaches, too... including some related to income tax.
Your new home purchase and, if applicable, related moving expenses and multiple state income tax returns may make this year's tax return one of the more complicated and time-consuming you've ever had.
Here are a few items, in particular, to watch for:
* Moving expenses: Are they deductible?
* When might the gain be taxable? What are the ins and outs of the $500,000 and the "two out of five" rules?
* What impact does a new home have on the number of exemptions claimed for withholding purposes?
* How can income and deductions be allocated among multiple states to achieve the lowest total tax expense?
If you have questions about these or other tax matters, simply call me! I’ve helped hundreds of homeowners maximize the tax advantages of home ownership.
I have been licensed since 1979 and have been helping personal income tax clients ever since. With plenty of free parking at the door and convenient weekend and evening hours, I try to make your tax preparation experience as pleasant as possible.
If you would like to talk about how I can help you, please give us a call. There is no obligation.
Welcome to the community! I look forward to meeting you.
Very truly yours,
P.S. Why not give me a call today? I’ll be happy to send out a free estimate and a copy of my current newsletter.
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