Articles - Page 128

Dividend Income

If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland.  Dividend income is divided into two categories by the IRS,...

Charitable deductions and what you can claim

Do you happen to be the charitable type? Depending on which organization(s) you chose to donate your time, money, or goods to, you may be able to deduct those donations on your tax...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Making Lemonade Out of Lemons - Tax Loss Harvesting

AccountantHas the instability of the stock market got you thinking about what exactly you can do? Now may be this is the perfect time to make your own lemonade. It is wise to consider...

Investors: Make sure you avoid these 5 common tax mistakes

For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...

Tax Refunds

For many, filing their tax return leads to a tax refund depending on their status and income. Working with a tax preparer, such as Bhatia & CO, INC, CPAs in Santa Clara, CA, you...

Bookkeeping for Small Business

As the owner of a small business, you understand the need to be financially organized. This means managing your books well, including tracking your collections, debts and any investments....

Rules for foreign currency transactions

Rules for determination of amount, timing, character and source of foreign currency gains and loss are present in code section 988. Following transactions are included in code section...

Tax Savings Tips

For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...