This Tax Day, it's pretty clear the problem isn't the money coming into Washington. It's all the money being spent IN Washington.
As if a top rate of 40% weren't enough (and really 45% when you throw in health-care related Medicare and investment surtaxes). Squeeze them still more?
Sold a loser stock? If you're thinking of buying it back, watch out for wash-sale rules.
Look, no one wants to admit to a bad investment, but sometimes, you just have to cut the cord. And that separation will help your tax bill in April.
You must take into consideration several factors when calculating capital gains tax.
Many Americans have been under the misconception that income earned on foreign soil is not taxable here at home, especially if taxes are paid in the foreign country. And that's simply not true.
Fall is the perfect time to plan your approach to tax forms you won't file until next April. By using the next four months strategically, you may be able to reduce the amount you owe.
Procrastinators beware: Tax planning isn’t just something you have to deal with at the end of the year and then again in April.
You need to hire a professional to make sure your tax liability is calculated correctly.