Carried interest is part of the income obtained when a private equity fund sells an asset. Sometimes called "carry," it is part of the net capital gains of the sale fund....
What is Liquidation?Liquidating a business is the process by which business comes to an end and no longer exists. This can happen for several reasons and can be voluntary or involuntary....
Prepared or not, tax return reporting was amended once more for the 2020 tax year. The IRS considerably fused the Form 1040 in 2018 which results in a total reconstruction of the old...
Posted by Freddie Cook, CPA on 04/03/2020
When a business has a net operating loss, it means there is a negative income. It happens when the tax that can be deducted from a company is more than taxable income. While this is...
Posted by Don Bell Law on 04/02/2020
Many companies do not earn money, especially during the first year of operation. When this happens, the IRS offers entrepreneurs tax benefits in the form of a net operating loss (NOL)....
Posted by David Macgregor on 02/27/2020
If a capital loss occurs, you can report the damage on your tax return, which can reduce your taxable income, and the sum of tax owed. However, it is essential to note that the Internal...
Posted by LLOYD J CAZES CPA on 02/15/2020
Mutual fund taxes generally include dividend and capital gains taxes, while the investor owns mutual fund shares and capital gains taxes when selling units of the mutual fund. The...
Posted by LLOYD J CAZES CPA on 11/25/2019
What is the harvesting of tax losses?The tax-loss harvesting can be said to be the act of selling a security that has experienced loss. By observing or "harvesting" a loss,...
Posted by John Pournaras Agency on 11/13/2019
If you are a full-time Forex trader, there are several significant tax benefits for those who are not available to more informal market participants. The bad news is that it is quite...
Posted by John Pournaras Agency on 10/31/2019