Taxes From A To Z (2014): L Is For Lost Property
Taxes from A to Z: L is for Lost Property.
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Steinbrenner Puts A Check In Win Column In Tax Victory Over IRS
Things are turning around for the Yankees. Derek Jeter, who hasn’t played this season, made an appearance on the field today, taking a few practice swings. The team is 2nd in the AL East (and yes, their winning percentage is much better than my beloved Phillies who are a dismal 3rd in the NL East)….
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How You Can Lose Money on Paper & Still Win at Tax Time Like Romney
We’re programmed to hate losses. A loss tends to mean that you did something wrong, made a poor move, or chose the ill-advised option. But in the tax world, a loss isn’t always a bad thing. Losses on paper sometimes mean a win at tax time – just ask Mitt Romney. Romney’s 2010 federal income…
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Loss Carryback Rules Leading to Refunds
This time of year, most of the focus in the media tends to be on negativity – taxes gone bad, driving folks out of business and others to distraction. That’s why it was heartening to see this story on CNN about a taxpayer who caught a break with the new tax laws. As previously blogged,…
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Businesses Get Tax Break
Don’t get too excited. It’s not a huge tax break – but it’s not a bad one either. A bill that was rushed through recently passed in Congress, known as The Worker, Homeownership and Business Assistance Act of 2009, will allow businesses to apply losses retroactively. The bill, which was tacked onto the homebuyer’s credit…