NOTE: I wrote this post in 2014, so be aware of its age. —– In Part 2 of this series, I want to explain more about the tax calculation and how getting a tax refund doesn’t necessarily mean you “didn’t owe taxes.” In Part 1, I explained the tax calculation: This is highly simplified but […]
NOTE: I write this post in 2014, so be aware of its age. —– Let’s talk about tax refunds. No, I’m not going to opine on whether getting a tax refund is a good thing or a bad thing (though that’s a good idea for a future blog post). Instead I want to explain how […]
NOTE: I wrote this post in 2014, so be aware of its age. The content is still accurate though, and my thoughts on multi-level marketing are still negative, and I still have never had a client actually make money in MLM…. —– My tax blog buddy Joe Kristan at the Tax Update blog said the […]
Taxpayers may be able to deduct miles driven for charity.
NOTE: I wrote this post in 2013, but its content is still accurate today. —– The following question came up recently: An investor has a $10,000 capital loss carryforward from prior years. They have $5,000 of capital gains from stock sold this year. How does the loss carryforward work this year? Background Tax law places […]
Congress has finally passed long-needed changes that restrict access to the Death Master File.
NOTE: I wrote this post in 2013, so be aware of its age. It’s a basic post but the information is still valid all these years later. —- Are there tax advantages to be gained when stock that you own decreases in value? The answer is yes, at least to some extent. Here are some […]
My client’s identity theft nightmare with the IRS is finally over! 850 days later….
What are the tax consequences of renting your house for a few days during the year?
NOTE: I wrote this post in 2013, so be aware of its age. —– I’ve been telling the story of Wendy Boka and the identity theft nightmare she’s going through with the IRS. Her husband Brian died at age 31 in 2010. Someone stole his identity and filed a fraudulent tax return in his name. […]