Tax Basis of Investments
Gain or loss on the sale of your investments equals the difference between your adjusted tax basis and the amount you realize upon the sale of the investment.
10 Basic Tax To-Dos for the Rest of 2014
It’s time to gear up for year-end tax planning! Read 10 To-Dos for the last few months of 2014 in this week’s Tax Tip.
Can You Take a Home Office Deduction?
If you use part of your home for business purposes, you may be able to take a tax deduction. Read all about it in this Business Tip.
Now That My Child is in College, Am I Entitled to Any Education Tax Credits?
The hosts of “Money Talks,” discuss the two available education tax credits. They explain the phase-out limits associated with each credit and how the credits are calculated.
Have You Reviewed Your Will or Trust Lately?
If you or your heir’s marital status has changed, your Will or Trust may be outdated. Learn more in this Tax Tip.
Q&A Time: Early Withdrawals, Education Tax Credits and Early Retirement
The “Money Talks” hosts discuss withdrawing funds from an IRA before age 59 ½, and tax credits for parents of college students.
Beware of Trust Fund Penalties
Employers are personally responsible for remitting required taxes on behalf of its employees to the government. Learn more in this Business Tip.
Misclassifying Workers Can Be Costly!
The IRS pays close attention to how you classify your employees and independent contractors. Learn more in this Tax Strategist.
The Alimony Gap
Alimony: deductible for those who pay; taxable for those who receive. But the IRS sees discrepancies in what’s reported. Learn what we mean in this week’s Tax Tip.
Reap the Tax Benefits of Education Planning
Uncle Sam appreciates a higher education. Learn the tax advantages to going to school in this week’s Tax Tip.