Nothing is more worrisome for a small business than an IRS tax audit. Even if your accountant is someone you have worked with for years and has done a thorough job on your income...
Posted by Maureen Thielen, EA, MST on 03/22/2017
When it's time to start disposing of your investments, understanding the rules is critical. The IRS requires you to accurately report the sale of any of your assets. Your tax basis...
Posted by Advantage Tax Service on 03/15/2017
Depending on how much money you make, you may have different considerations at tax time than someone else with a vastly different financial situation. For instance, the student in...
Posted by Silver Fox Accounting on 03/15/2017
When you sell stocks, bonds, precious metals or other investments, it is crucial to know the tax basis of each asset. You will need this number to determine how much income or loss...
Posted by Michael Coleman Tax & Accounting on 03/15/2017
If you've sold assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis...
Posted by Joseph J. Gormley CPA on 03/14/2017
Renting out real estate you own can be sweet. Besides the capital appreciation and ongoing income potential, real estate investments could provide deductions that could bring down...
Posted by PB Tax & Accounting Services on 03/08/2017
If you own a property that you are not making money out of, you need not worry about taxes with regard to the property. However, if you've given the property on rent, then the money...
Posted by Corvino & Verwys Certified Tax Resolution Specialists on 03/08/2017
Every year, millions of taxpayers take advantage of the earned income credit, or EIC. This credit helps low income families and some single taxpayers who make less than the benchmark...
Posted by Bottom Line Tax Services, LLC on 03/08/2017
If you have never heard of the Earned Income Tax Credit, you may be missing out on a financial boost that can help you pay for some of the items and services your family needs. The...
Posted by Michael Coleman Tax & Accounting on 03/08/2017
