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How to Calculate Your Cost Basis and Save Money…Guaranteed

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,


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7 Easy Ways to Decrease Your Income Tax and Keep More Money

 1) Maximize Your Contributions to Your 401(k) Plan Many employers will offer a 401(k) plan. Employees need to take advantage of this plan. This will likely be one of the cornerstones of your retirement plan. If your employer offers a


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The Difference Between an Asset Sale and a Stock Sale

Closely Held Businesses looking to negotiate a sale of their business will either do an Asset Sale or a Stock Sale. Asset Sale With an asset sale, the buyer is buying the assets of the business. These assets will be


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The Difference Between Short-Term and Long-Term Capital Gains

The sale of a capital asset will result in a capital gain.  Depending on the holding period of this asset, the gain will either be short-term or long-term. Long-term gains have a lower, preferred income tax rate.  The holding period


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8 Ways to Withdraw From Your IRA Before Age 59½ Without Penalty

Traditional IRAs were designed to provide an opportunity for people to save for retirement on a pre-tax, tax-deferred basis.  In other words, the money grows without having to pay any taxes currently on the gains.


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