With many stocks meandering near the end of the year, some stocks in your portfolio may be as useful as your depleted fantasy football team. However, while these underperforming stocks may cause you some heartache, they could actually be a ray of sunshine when tax...
Finding Real Life Solutions To Your Tax Problem
Month: December 2015
How deductions can help reduce your taxable income
In our prior post, we highlighted the basics in how total gross income is calculated within the process of arriving at one’s taxable income. Essentially, gross income is calculated by including all of the income that you collect during the calendar year,...
What is used in determining taxable income
Next year’s federal income tax filing deadline of April 18, 2016 seems like a long way off in the midst of the holiday season. However, knowing whether you will be eligible for a tax refund, or will be owing money is an important question to be resolved in the...
Options for avoiding tax refund anticipation loans
Who knows when exactly tax season starts. For accountants, it is likely the last week of January; because that is when people who anticipate a refund want to get their returns in so that they can collect on their windfall. However, with the holiday season in full...
Tax changes for 2016 that you should know about
While many of the commercials you see on television are about the holiday season, it is important not to forget that the New Year is just around the corner. With 2016 coming, there are a number of changes that will take effect involving the U.S. Tax Code. Many of them...