Tax Tips: Capital gains and losses

Capital gains are attracting renewed attention from the IRS for tax year 2011. The introduction of Form 8949 is where individual transactions are reported,...

Tax Tips: Self-employed retirement savings plans …

Saving for retirement has never been more important. The Social Security system is being placed under increasing strain as people live longer and the...

Tax Tips: Tax myths

With the tax code approaching the size of the Encyclopedia Britannica, it’s little wonder there are many misconceptions and erroneous beliefs regarding tax regulations. Many...

Tax Tips: Beating the taxman in retirement

While you are working, the taxman has you at his mercy. You can take advantage of tax-deferred accounts and pension plans but after that...

Tax Tips: Tax myths

In an 1939 BBC broadcast, Winston Churchill called Russia “a riddle wrapped in mystery inside an enigma.” This would also be an apt description...

Tax Tips: People get ready, tax season’s a comin’ …

About this time of year, we begin to collect all the information we will need to properly file our income tax returns. Since it’s...

Tax Tips: Social security benefit taxation

The taxation of Social Security benefits depends on several complex calculations. The first step is to calculate your provisional income, which is your gross income...

Tax Tips: IRS budget and service cuts

The IRS is coming to grips with a $346 million budget reduction including enforcement cuts of $160 million. I wonder if it is due...

Tax Tips: Do you need a tax preparer?

Editor’s note: “Tax tips” returns and will appear bi-weekly throughout tax season. Stephen T. Peppler, E.A., C.F.P., has graciously agreed to provide the...

TAX TIPS: Common tax myths

As our tax law becomes ever more complex, misconceptions regarding the law and its interpretation increase. Many people think that by filing an extension they...
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