Tax Law Archives - Ross Law Firm Ltd.

Homeowners: Are you leaving money on the table?

03/08/202103/05/2021 by Patrick Ross

One common mistake that we see homeowners make is failing to take advantage of the “Homeowner Exemption” on their annual real estate taxes.

Like any real property, a home is subject to annual real estate taxes that are assessed and collected by local governmental authorities. Homeowner exemptions can

Is it a gift or a loan? Common mistakes parents should avoid

12/22/2020 by Report from Counsel

Parents and grandparents often give children and grandchildren financial help to purchase a home or to carry them through hard times. It can be a wonderful, generous gesture with a lasting impact across generations of family members. But it can also create strife and intra-family conflict if parents fail to properly document the transfer as a loan.