Home › Posts tagged Obama Care
Blog Archives

5 Lessons Learned From Tax Season

Posted in Tax News on May 5, 2013

Another Tax Season has come and gone.  Here are the 5 Lessons Learned from this Tax Season.  1) Don’t Pass Tax Legislation on December 31 Congress passed the American Taxpayer Relief Act on December 31, 2012.  It’s clear that no…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

Why I Work for the Top 1%

Posted in Tax News on March 31, 2013

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…

Read more

Tagged with: , , , , , , , , , , , ,

What’s the Difference in Capital Gains Taxes?

Posted in Tax News on February 24, 2013

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.

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , ,

Why the Fiscal Cliff is Fiscally Irresponsible

Posted in Tax News on December 3, 2012

  The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day.   The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases…

Read more

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,

3 Reasons You Likely Won’t Pay Income Taxes When You Sell Your Home

Posted in Tax News on July 10, 2012

1) You Don’t Have a Capital Gain   Due to the housing market, many homeowners no longer have a gain in their home. A gain is the sales price minus the cost basis. The cost basis is generally the purchase…

Read more

Tagged with: , , , , , , , , , , , , , ,