Selling capital assets? Beware of the Wash Sale Rule
If you’re planning to sell capital assets at a loss to offset gains you realized during the year, beware of the “wash sale” rule. Under this tax rule, selling stock …
Selling your business? Consider an Installment Sale
You’ve spent years building your company and now you’re ready to move on, possibly to a new business, retirement, or something else. Whatever your plans, you want to get the …
Can you deduct the costs of a self-managed portfolio?
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance, and clerical support? Under current tax law, these expenses aren’t deductible through 2025 if they’re …
Shield Your Life Insurance from Federal Estate Tax
If you have a life insurance policy, be aware that the proceeds your beneficiary receives could be subject to federal estate tax. That is, unless you take steps to ensure …
Could you be hit with the Trust Fund Recovery Penalty?
There’s a harsh tax penalty that you could be personally responsible to pay if you own or manage a business with employees. It’s called the Trust Fund Recovery Penalty. It …