Capital is a unique term when it comes to taxes. If it gains value, you pay a tax. If it loses it, you can write at least some of the loss off.
Continue reading " Capital Assets – Gains and Losses for Taxes "
Tax's archives
Capital Assets – Gains and Losses for Taxes
Posted by OB in October 5th 2009
Audit Advice That You Need
Posted by OB in October 4th 2009
Oh no! You need audit advice. You just received in the mail a notification that you are going to be audited by the IRS. What now? How do you respond to this and should you be having a heart attack now? While many people lose it as soon as they realize that the IRS is going to be asking for their records and proof, the fact of the matter is that the best audit advice is to stay calm and gather the information that you need carefully, accurately and without worry.
Before yo…
Battling the IRS
Posted by OB in October 3rd 2009
There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable.