Many taxpayers are employees and have their income taxes withheld from their paycheck. Every April 15th they need to settle up with Uncle Sam and their state tax department. Other taxpayers may not be employees or have taxes…
Many taxpayers are employees and have their income taxes withheld from their paycheck. Every April 15th they need to settle up with Uncle Sam and their state tax department. Other taxpayers may not be employees or have taxes…
When you sell a capital asset you need to know when you purchased it and what the cost basis is. These will be used to determine what your capital gain (or loss) is. Capital assets are items such as stocks,…
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
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…
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.