Varney & Associates is a service-oriented CPA advisory firm, and our skilled professionals are always available to share our wide breadth of accounting expertise and knowledge with our clients. As an added bonus, we’ve gathered a number of useful tools, features, and knowledge banks to ensure that we’re here to aid our clients 24/7.
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls.