Selling a home is a major financial milestone, but it can come with some profound tax implications. Capital gains taxes are applied to the profits earned on an asset sale, including real estate. Learn more about the intricacies of exemptions and tax liability minimization strategies. So precisely how are capital gains taxes calculated when you sell a home?

Helping our clients build wealth is one of the things that brings us the most satisfaction at Myrick CPA. Here are some observations that may be helpful if you're working at building wealth but don't come from money yourself.

A simple tax return for a child or young adult might not need a professional CPA. Some tax returns are done well using an online app. However, there are many situations when hiring a CPA might save you a lot of money.