Capital Losses – Page 5 – FREE Yourself from IRS Problems

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

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 17, 2016 Alternative Minimum Tax (AMT), Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Child and Dependent Care Credit, Child Tax Credit, Deductions, Expenses Deductions, Filing Status, Income Tax, Representation, State & Local Taxes, State Sales Tax, Taxable Income

The Alternative Minimum Tax, Explained

Under the Internal Revenue Code and the vast body of rules and regulations related thereto, certain tax benefits can significantly reduce the amount of taxes that a taxpayer may owe. The alternative minimum tax (AMT) applies to those taxpayers with…

Shamsey Oloko March 11, 2016 Audit, Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Tax, Tax Evasion, Tax Fraud

You’ve filed your tax return, how long does the IRS have to audit you?

You’ve filed all of your tax returns, and because of your level of income you find yourself in the class of taxpayers whose return is more likely to trigger an IRS audit. So you wonder, how long does the IRS…