Capital Losses Archives - Page 4 of 6 - FREE Yourself from IRS Problems

Shamsey Oloko September 8, 2016 Capital Gains, Capital Losses 0

Receipt Of Stock In A Demutualization

Demutualization is the process in which a member-owned business becomes owned by shareholders. Traditionally, Insurance companies have used the word “mutual” in their name (i.e., Liberty Mutual) indicating mutually-held ownership by their policy holders as a group, rather than ownership…

Shamsey Oloko June 22, 2016 Capital Gains, Capital Losses, Death Benefits, Expenses Deductions, Filing Status, Gains & Losses, Home-Related Deductions, Income Exclusions, Income Tax, Interest Income, IRA, Medical Expenses, New York Estate Tax, Roth IRA, Roth Thrift Savings Plan, Social Security Benefits, Standard Deductions, Tax Credit, Taxable Gain 0

Tax Issues for new Widows and Widowers

It’s a traumatic experience to lose a spouse. While there is little that can be done to replace this physical and emotional loss, the Tax Code provides some relief for newly widowed taxpayers. Here is a summary of some of…

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…