Capital Gains Archives - Page 5 of 8 - FREE Yourself from IRS Problems

Shamsey Oloko April 11, 2016 Audit, Business Expenses, Capital Gains, Capital Losses, Deductions, Form 1040, Gains & Losses, Income Tax, Representation 0

Real Estate Loss Deduction for Individuals

In the last ten years, too many taxpayers have sold real estate at a loss. How does this type of loss ultimately affect the amount of taxes owed to the IRS? First, to accurately determine the amount of a loss…

Shamsey Oloko March 25, 2016 Business Expenses, Capital Gains, Capital Losses, Deductions, Form 1040, Gains & Losses, Taxable Income 0

Tax on Capital Gains and Losses, Explained

A capital gain occurs when you transfer or sell a piece of property for more than its acquisition cost. To be more succinct, it’s the profit realized on the sale of a non-inventory asset. Capital gains are realized from the sale…

Shamsey Oloko March 22, 2016 Capital Gains, Child and Dependent Care Credit, Child and Dependent Care Creidt, Child Support, Child Tax Credit, Deductions, Education 529 Plans, Education Tax Credit, Filing Status, Income Tax, Representation, Tax Credit 0

Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your Taxes

Divorcing couples often wonder who claims the children on their taxes, and in what other ways divorce will affect their taxes. Questions may include which filing status to use after the divorce, and how payments for spousal maintenance and child…