The IRS has released their latest Top Ten Tax Tips for Home Sellers. The IRS periodically publishes information useful to consumers on their website. It’s a good place to find tips to discuss with your tax professional.
For information on property taxes in Los Angeles County, you can visit the Assessors Website. A particularly hot topic now is Decline-in-Value Reassessments on properties that are worth less now than they were at the time of purchse. Check it out – you may be eligible to apply for a reassessment on your Topanga home. I’ve found the website to be quite informative and easy to navigate.