Tax harvesting is a legal way to lower your taxes by using losses to offset capital gains or selling a gain to avoid higher taxes in the future.
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Whether you qualify for the new 3.8% Medicare Surtax will depend on your net investment income and your modified adjusted gross income.
Sometimes, it can be hard to tell when someone is being legitimately helpful, and when he or she is just after your hard-earned cash. It can be especially difficult to make the distinction when it comes to complex issues like taxes. Here are 4 tax scams to be wary of.
Many of us pay our taxes because it’s the law, or because we feel it our civic duty. But few of use actually enjoy it. And many of us have probably wondered what would happen if we didn’t pay our taxes.
Few us enjoy paying taxes, but it’s one of those things we’re required to do by law. And, since paying taxes is a matter of the law, there is the possibility of going to jail if you don’t pay your taxes.
Any discussion about how to improve the government’s budget situation has to include taxes. These tax discussions also have to encompass various tax breaks -- and who should have them.
Every now and then, a shift in financial strategy or an unexpected event leads to a debt to the IRS. Here are three approaches worth considering for paying back the debt.