In 2011, brokers began to track the price paid for the securities in purchase transactions. Read what this means for you in this week’s Tax Tip.
Schedule C returns have a 300% higher chance of being audited than a partnership or an S-Corporation. Learn more in this Tax Strategist.
When is a B- the same as an A+? When you’re reading rating agencies’ report cards for insurance companies. Read the guide in this week’s Insurance Tip.
Filing an extension doesn’t put you on an audit list. But, mismatched cost basis reporting could garner IRS scrutiny. We explain in today’s Marietta Daily Journal.
Indices closed out mixed on Thursday. The Dow and S&P 500 shed some points. The Nasdaq ended in green territory. Alcoa, AT&T, Verizon, and General Electric led the Dow’s descent.
Indices closed in the red zone today on Wall Street. Alcoa, Bank of America, and Cisco led the Dow’s descent. Brands traded lower amid word of Spain’s disappointing debt auction and other economic news.
April 17, 2012 Deadline: 2011 taxes due, last day for 2011 contributions to an IRA & last chance to claim 2008 refund. Learn more in this week’s Tax Tip.
Brands took a breather on Tuesday. Cisco, JPMorgan Chase, Exxon Mobil and Bank of America led decliners on the Dow. Stocks traded lower on comments from the Federal Reserve.
If you gave money or property to someone as a gift, you may owe federal gift tax. The IRS has eight tips to help determine if your gift is taxable.
Insurance may not provide the protection needed for assets. Other strategies include transferring ownership to an entity. Learn more in this week’s Financial Tip.