4 Easy Steps to File Your Income Tax Extension

April 7, 2013 Tax News 0 Comments Print this page Share

Your 2012 income tax return is due on April 15, 2013. What if you can’t get it done on time? Here are 4 easy steps to file your income tax extension.

 

 

1) Prepare a Tax Projection

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Why I Work for the Top 1%

March 31, 2013 Tax News 0 Comments Print this page Share

Recently there has been a lot of noise about the top 1%. They certainly have taken a beating.

This was highlighted by the Occupy Wall Street Movement last year.

It has received significant attention during the Election.

There are several different ways to define the top 1%.  In the interest of simplicity, we are saying its income over $400,000 per year.

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What’s the Difference in Capital Gains Taxes?

February 24, 2013 Tax News 2 Comments Print this page Share

 

Capital Assets

Capital assets are generally those held for investment.  Stocks, bonds and mutual funds are some examples. If there is a gain on the sale of these assets, a capital gains tax is due.

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8 Reasons You Will Pay More Taxes in 2013…Guaranteed

October 30, 2012 Tax News 0 Comments Print this page Share

1) Increase in Ordinary Income Tax Rates

The highest ordinary income tax rate is 35%.  This is scheduled to go up to 39.6%

 

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3 Reasons to Recognize Capital Gains in 2012

July 3, 2012 Tax News 0 Comments Print this page Share

 

1) The Long-Term Capital Gains Rate is Going Up

 

Long-term capital gains are for capital assets held longer than a year. Capital assets include stocks, bonds and mutual funds. Collectibles and certain Real Estate are subject to special rules.  The stated rate on long-term capital gains is currently 15%.  If Congress fails to take any action, this will increase to 20%.  The … Continue reading »

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