Posts tagged as:

capital-gains

Beer, Taxes and Baseball: Can You Get Any More American Than That?

20 July 2011

Baseball fans all over the country can breathe a sigh of relief. No, it’s not because the Phillies managed to crank out two runs in the ninth last night to remain atop the NL East. Rather, it’s because the darling of baseball these days, Christian Lopez, won’t be paying out of pocket for taxes after [...]

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The Morning After: The Tax Deal Hangover

8 December 2010

I’ll admit that I didn’t see yesterday’s tax deal coming. I was fairly certain that the drama would play out through this week. We still have drama but now it’s more of the “let me explain” variety. Let me see if I can sort out for you what happened and why. First, let’s talk timing. [...]

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Rules of Engagement

22 November 2010

Tax experts in the UK are warning that Prince William may have triggered a significant capital gains tax by giving Kate Middleton the engagement ring he inherited from Princess Diana’s estate. The ring is said to be currently valued at about $400,000. According to the Daily Express, that value represents a significant increase from the [...]

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Bush Tax Cuts

30 August 2010

This week, I’m letting my readers take over and tell you what they think about the expiring Bush tax cuts. As always, I think background and context are important. So here’s a quick primer on what’s happening and why… The so-called Bush tax cuts are a series of tax breaks which were enacted in 2001 [...]

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Call for Guest Posts: Bush Tax Cuts

18 August 2010

As last year, I’ll be turning over the reins at taxgirl.com to my readers for the last week in August. This year, I’m offering you the chance to speak your mind about the proposed Bush tax cuts. As you know, unless Congress acts before the end of the year, there’s a lot set to happen. [...]

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What the Heck is Basis, Anyway?

20 July 2010

Last week, I committed a terrible tax blogging sin: I used jargon. I try not to use jargon on my blog. I find it annoying, for one, because who wants to actually sound like a tax attorney (no offense to my esteemed colleagues). But more importantly, what’s the point of reading a blog that you [...]

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Ask the taxgirl: Donating an Engagement Ring

28 October 2009

Taxpayer asks: Hi Tax Girl! I got rid of the husband and now I would love to get rid of the engagement ring. I have thought about donating it to a non-profit animal rescue group for them to auction at one of their charity events. What kind of deduction will I be able to claim [...]

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Whatever, Alexis: Martha Stewart’s Daughter Sues Tax Preparer

13 April 2009

If you’ve ever seen the cleverly produced “Whatever, Martha” – a show featuring Martha Stewart’s daughter, Alexis, and her friend, Jennifer Koppelman Hutt – reviewing old episodes of the Martha Stewart show, you know that Alexis does not want to become her mother. Unfortunately for Alexis, she, like her mother has had trouble with the [...]

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Some Straight Talk On Capital Losses

22 September 2008

As a result of the recent volatility on the stock market, I’ve received a bunch of questions about claiming losses on individual tax returns. What’s been made clear is that there are a lot of misperceptions floating about… I thought I’d try and set some things straight. To keep it simple, I’m going to focus [...]

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Ask the taxgirl: Foreign Homes

20 June 2008

Taxpayer asks: I would like to ask some tax related questions related to selling a house outside of the USA. We sold a house in Hungary, with all taxes paid there.There is documentation to prove this. Would there be a tax liability in the USA if the money from this sale would be brought into [...]

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