Tax
Tax Tips for Investors in Securities or Real Estate
Tax Tips for Investors in Securities or Real Estate Let tax-favored capital gain help you build your wealth. Historically, investing in the stocks of good, growing companies is the best way for investors to build wealth. There’s also a tax advantage. While dividends are taxed as income even when reinvested, federal income tax on growth…
Read MoreTop 12 Tax Planning Tips for 2010
Top 12 Tax Planning Tips for 2010 By Alan L. Olsen, CPA, MBA (Tax) Greenstein, Rogoff, Olsen & Co., LLP Posted: 12/22/2010 Washington’s ‘gift’ to tax payers was signed into law by President Obama on December 17th. While the argument is still raging behind closed doors, we the tax payers now have some additional clarity…
Read MoreCommonly Overlooked Tax Deductions
Commonly Overlooked Tax Deductions As the tax filing deadline approaches, taxpayers are always looking for legitimate tax deductions they may have overlooked. For example, did you know you can deduct the money your business spent to purchase office supplies during the year? As long as these expenses were for items that are ordinary and necessary…
Read MorePopular Tax Credits for First-Time Homebuyers, Students and Those With Childcare
Popular Tax Credits for First-Time Homebuyers, Students and Those With Childcare By Victor Omelczenko 1/26/2009 Whether you’re looking to lower your tax bill or increase your refund, these IRS tips can help your bottom line. Tax credits can help pay the cost of raising a family, going to college, saving for retirement or getting day…
Read MoreCalculating Capital Gains Tax on the Sale of a Collectible
Calculating Capital Gains Tax on the Sale of a Collectible Uncle Sam takes a tax bite out of almost every asset sold and collectibles are no exception. Indeed, collectibles are currently subject to one of the highest rates of federal taxation on an investment property. Long term Capital gain from the sale of a collectible…
Read MoreTop Self Employed Tax Questions
Top Self Employed Tax Questions What is Business Turnover? Sales turnover is the total amount of income a business earns before deducting business expenses. Turnover includes receipts of any kind for goods sold or work done such as commission, tips, payments in kind, fees and insurance proceeds. Include sales turnover in your financial accounts at…
Read MoreTax-wise Gifts for Loved Ones
Tax-wise Gifts for Loved Ones One of the great joys of parenting (or grand parenting) is watching your youngsters reach milestones, large and small. Nurturing these loved ones. Offering them the emotional and financial support that they need in order to thrive. From an estate planning perspective, making gifts is an excellent way to accomplish…
Read MoreTen Tax Tips for Individuals Selling Their Home
Ten Tax Tips for Individuals Selling Their Home The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.…
Read MoreInternational Tax Treaties
International Tax Treaties Guidance: Commencement of Application of the New Tax Convention between the United States and Japan Tax Treaty with Italy – Technical Explanation The complete texts of the following income tax treaties and corresponding technical explanations are available in Adobe PDF format. Please read the entire document (Treaty as well as any subsequent…
Read MorePlayer Salaries Could Be Huge Tax Break for New NBA Owner
Player Salaries Could Be Huge Tax Break for New NBA Owner The ultra-wealthy have a lot of options when it comes to spending their money. Lavish houses, huge properties, remote islands, expensive yachts and exotic cars are just a few of their choices. Of course, like most anyone, the extremely wealthy are always looking to…
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