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With 34 years of experience as an H&R Block tax pro, Karol enjoys working with clients to get the most from their taxes and reach their tax-related financial goals. Like all H&R Block tax pros, Karol stays sharp with an average of 32+ hours of training per year and brings additional experience as an Enrolled Agent (EA). Karol specializes in investments, rental income, audits or irs/state notices and more.
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Investment income can include buying low/selling high, stocks and bonds, and capital losses.
Rental income is taxed at standard income tax rates, but you can also deduct the costs of buying and improving a rental property.
This includes tax audits and notices from the IRS that say there’s an unpaid balance or issue with your return.
Proprietorships, C corps, and S corps all file yearly taxes, but the forms used to file depend on the way the business is set up.
The estate tax involves the right to transfer property at one’s death. A trust allows a third party to hold assets on behalf of a beneficiary or beneficiaries, with various tax rules for income.
This is affected by sales of crops and livestock, rental income from land, and farm equipment depreciation.
File taxes in Spanish. Use a bilingual tax prep checklist to get your docs in order.