Knapp Business Solutions

Knapp Business Solutions Knapp Business Solutions was established in 1984 by Jerry Knapp.

Throughout the decades, the trusted professionals at KBS have valued their clients’ bookkeeping, payroll and income tax needs.

A house can be a home for years before it ever becomes a tax question.But what you paid, improvements you make, how you ...
10/10/2026

A house can be a home for years before it ever becomes a tax question.

But what you paid, improvements you make, how you use the property, and whether it ever becomes a rental can all become important down the road.

Keep good records along the way. Future-you may be very glad you did. 😅

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

10/09/2026

Mortgage insurance doesn’t disappear the same way on every type of loan.

With a conventional mortgage, PMI can eventually be removed once certain requirements are met. With many FHA loans, mortgage insurance can remain for the life of the loan unless you refinance.

That’s worth knowing before you choose which loan makes the most sense for you.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

Putting less than 20% down can absolutely make homeownership more accessible—but make sure you understand what gets adde...
10/09/2026

Putting less than 20% down can absolutely make homeownership more accessible—but make sure you understand what gets added to the monthly cost.

PMI protects the lender, not the borrower. You pay the premium because the lender is taking on additional risk.

It may still be the right move. Just know what you’re paying for.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

Bought a house this year and expecting a big tax break?Maybe—but owning a home doesn’t automatically mean itemizing will...
10/08/2026

Bought a house this year and expecting a big tax break?

Maybe—but owning a home doesn’t automatically mean itemizing will save you more than taking the standard deduction.

Mortgage interest, property taxes, and your other eligible deductions all have to be looked at together. 🏠

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

10/07/2026

Your home went up in value. Great news… until you sell it and discover just how much it went up. 😅

For qualifying married couples, up to $500,000 of gain on the sale of a primary residence may be excluded—but once you’re dealing with gains beyond that, tax planning can start playing a much bigger role in when you decide to sell.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

Sold your house for $500,000? That doesn’t automatically mean you have a $500,000 taxable gain.What you paid for the hom...
10/07/2026

Sold your house for $500,000? That doesn’t automatically mean you have a $500,000 taxable gain.

What you paid for the home, qualifying improvements, selling costs, and the home-sale exclusion can all factor into the calculation.

This is one of those times where knowing your basis really matters.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

A smaller down payment can make buying a home possible sooner—but it’s worth looking beyond the amount you need to get t...
10/06/2026

A smaller down payment can make buying a home possible sooner—but it’s worth looking beyond the amount you need to get through closing.

How much are you financing? What will the monthly payment look like? Will mortgage insurance be added?

The down payment is just one piece of what that house will actually cost you each month.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

10/05/2026

A zero-down VA loan can still come with costs you weren’t expecting.

One of the big ones to understand before closing is the VA funding fee—including when it applies, when it may be financed into the loan, and when a borrower may qualify for an exemption.

🎥 Full episode: https://youtu.be/zhGeQOqYX0E

Buying a home? Selling one? There may be more happening with your taxes than you realize. 🏠This week on The Tax.Pro Show...
10/05/2026

Buying a home? Selling one? There may be more happening with your taxes than you realize. 🏠

This week on The Tax.Pro Show, we’re talking home-sale exclusions, mortgage interest, PMI, deductions, and some of the tax surprises that can come with buying or selling a home.

🎥 Watch the new episode: https://youtu.be/zhGeQOqYX0E

10/04/2026

Step one: panic.
Step two: hide the letter under the couch for three years.

Kidding. Please don’t do that. 😂

Open the IRS notice, read the whole thing, then read it again. A lot of the important information is buried in multiple pages—or even on the back.

🎥 Full episode: https://youtu.be/wTvvnolQ6Lo

Address

1001 S Harrison Street
Amarillo, TX
79101

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 1pm

Telephone

+18063729016

Website

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