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Tax Aspects of Refinancing Your Home Mortgage
Given all the turmoil in the residential lending market of late, it may be worth-while or even necessary to refinance your mortgage.
 
Deducting Real Estate Taxes
State and local real estate taxes levied for the general public welfare are deductible for regular tax, but not for the AMT, if the tax is based on the assessed value of the property and charged uniformly against all property in the taxing authority's jurisdiction.
 
Business Buy/Sell Agreements
It is important that businesses with more than one owner have a written buy/sell agreement specifying what happens when an owner withdraws from the business. A buy/sell agreement is a contract between the owners (or the owners and the business entity itself) that establishes rules and restrictions applicable to changes in ownership.