Paying Taxes on a Loss: Wash Sale Disallowance – The Hidden Dark Side of Internet Trading

If you are tempted to jump on the latest investment bandwagon, pay attention to your buys and sells. Frequent buys and sells will have you paying taxes on the gains and having all your losses disallowed. In other words, you can lose money overall, but when tax time comes you pay taxes on the gains and can’t deduct the losses. You can lose money overall and then lose even more by having to pay taxes on gains you never received because they were eaten up by losses that no longer count.

Are Home Improvements Tax Deductible? (part 2)

When can you deduct you home improvement expenses? Does it go on a tax form? How are home improvements a tax deduction?

Are Home Improvements a Tax Deduction?

Home improvements and taxes, what actually qualifies as an improvement? Are home improvements tax deductible?

Why Do I Owe Taxes on My Inheritance?

When you make withdrawals, you will get a 1099-R at the end of the year and you need to report it as retirement income, even if you are not retired, even if you had taxes withheld.

Business or Hobby? – Are you overpaying you taxes?

Don’t let tax software convince you that you are a business because you got a 1099. Hobbies are reported as “other income.”

Plain Talk About Child Support

Child support explained by an accounting expert. Understand why the child support system is the way it is and how to navigate it successfully.