Tax

Home » Tax
25 12, 2019

Schedule D-Capital Gains and Losses

By |2019-12-17T16:19:24-07:00December 25th, 2019|Tax|0 Comments

Schedule D Schedule D is a tax form that you use to report the gain or loss incurred from the disposal of a capital asset. In this article, we will discuss the basics of filing a Schedule D. Basic Terminology Before we go over how the schedule works, we need to make sure we understand [...]

27 11, 2019

Schedule E: Supplemental Income and Loss

By |2019-12-13T11:01:08-07:00November 27th, 2019|Tax|0 Comments

Schedule E: Supplemental Income and Loss Schedule E calculates the supplemental income or loss to report on your main tax return. In this article, we will go over the basics of Schedule E so you can better prepare for tax season. The Basics Schedule reports supplement income or losses not earned income. Supplemental income [...]

13 09, 2019

Minimum Income Tax Filing Requirements

By |2019-12-13T11:08:13-07:00September 13th, 2019|Tax|0 Comments

Minimum Income Tax Filing Requirements Depending on your situation, you may or may not be required to file income taxes. If your income is less than the standard deduction you are not required to file an income tax return. For single filers, this amount is $12,000, if you are married filing jointly this amount [...]

2 08, 2019

Cryptocurrency Taxation

By |2019-12-13T11:10:03-07:00August 2nd, 2019|Tax|0 Comments

Cryptocurrency Taxation Cryptocurrency taxation has come to the forefront of headlines due to a recent IRS announcement. The IRS is sending out 10,000 letters to taxpayers who did not report cryptocurrency income or gave incorrect reports. This leads many to question, what is involved in cryptocurrency taxation? IRS Notice 2014-21 The IRS addressed cryptocurrency [...]

26 06, 2019

Estate Tax

By |2019-12-13T11:12:08-07:00June 26th, 2019|Tax|0 Comments

Estate Tax Estate tax is an often-misunderstood form of taxation. In this article, we will try and clear it up. We will go over the basics of what estate tax is and how it works with inheritance and gift tax. Estate Tax Basics Estate tax is a tax on the portion of a deceased [...]

12 04, 2019

Minimize Taxation on Social Security Income

By |2019-12-13T11:16:43-07:00April 12th, 2019|Tax|0 Comments

Minimize Taxation on Social Security Income Many retirees find out the hard way that social security income is taxable. But there are ways that you can minimize taxation on social security income. In this article, we will go over 5 ways to minimize such taxation. Keep Income Below Thresholds Social security income only becomes [...]

12 01, 2019

Tax Deductions You Can No Longer Count On

By |2019-12-13T11:21:21-07:00January 12th, 2019|Tax|0 Comments

Tax Deductions You Can No Longer Count On The Tax Cuts and Jobs Act of 2017 enacted changed that start to take effect this tax season. Some of these changes are that there are tax deductions that you can no longer take advantage of. In this article, we are going to go over the [...]

Load More Posts