Technology has redefined investment. Gone are the days when investors turned to chalk, paper, and blackboards while tracking trades and making calculations during trading. Today, as...
Everyone needs to pay tax (Federal and State taxes) on most income coming from work or investment. There are, however, some sort of income you will not have to pay taxes on. This...
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
If you sold your home or property this year, you may be subject to Capital Gains taxes. Capital Gains occur when you sell something that has increased in value, such as an investment....
Capital gains and losses receive a special treatment under U.S tax law. Individual capital gains and losses are netted. Non corporate taxpayer’s net capital gains get a preferred...
Posted by The Accounting and Tax on 12/23/2015