Category: Tax

Losses don’t taste too good, but they can reduce your tax bill. A taxpayer is liable for tax only on the net capital gain – realised gains less losses. For…

Knowledge is power in avoiding common tax pitfalls and complying with IRS regulations. By identifying taxable events, keeping accurate records, and taking advantage of tax-advantaged accounts you can optimize your…

Investment vehicles and accounts with tax-efficient strategies are an integral component of wealth management. While certain investments may carry risks of IRS penalties for tax evasion, thorough analysis with the…

Knowing what Tax Lot Accounting is can be helpful when planning your investment strategies. By thinking in terms of tax lots, you’ll be able to make better decisions and determine…

The term “net of tax” is used in accounting terms to describe what happens after taxes have been deducted. In the income statement, companies report net of tax results for…

What is tax relief? Generally, tax relief is a form of tax reduction that reduces the amount of money that is taxed. Federal and state governments both offer tax deductions.…

There are a few different tax apps out there. You can use an online tax program like TurboTax to prepare your taxes. But you can also use an app, such…

There are several common mistakes people make when filing their tax returns. While these mistakes are generally easy to avoid, it’s easy to make them. Here are the most common…