Taxes From A To Z (2014): D Is For DRIP
Taxes from A to Z: D is for DRIP (dividend reinvestment program)
Taxgirl’s own Taxes From A to Z® series — breaking down tax concepts and terms one letter at a time, in plain English.
Taxes from A to Z: D is for DRIP (dividend reinvestment program)
Taxes From A To Z (2014): C Is For Clothing And Costumes
Taxes From A to Z: B Is For Basis.
Taxes From A To Z (2014): A is for Affordable Care Act
And it’s a wrap! Taxes From A To Z (2013) covers the gamut from Annualized Income Installment Method to Zombie Debt. For more A To Z for all years, check out the “Taxes From A To Z” category.
Z is for Zombie Debt. Zombie debt. Even the name conjures up the specter of bloodsuckers. And it’s kind of apt. Zombie debt is the term given to debt that is supposed to be dead but gets a new life courtesy of debt collectors. It includes old debts that are uncollectible due to the statute…
Y is for Year-End Bonus. Did you get a bonus in 2012? If so, kudos. Annual bonuses are becoming a rarity these days. They are, however, still issued, either as recognition for making to the end of the year (!) or for outstanding service. No matter the reason, bonuses are considered taxable income to the…
W is for Workers’ Compensation. For federal income tax purposes, workers’ compensation awarded under a workers’ compensation act or statute due to work-related sickness or injury are fully exempt from tax. Payments to your survivors under the same circumstances are also exempt. The same cannot be said for retirement plan benefits. If you receive those…
V is for Voluntary Disclosure. I know what you’re thinking: this doesn’t apply to me because I don’t have offshore accounts. But don’t leave just yet. It’s not only taxpayers with offshore accounts that might qualify for voluntary disclosure programs. While most taxpayers are familiar with the 2012 Offshore Voluntary Program (and its predecessors, the…
U is for Unrealized Gains and Losses. We’re in the process of selling our house. It is not worth as much this year as it was a few years ago (this, according to Trulia and other valuation sites) although it’s worth more than when we bought it. For tax purposes, we will actually have a…