April 2022

Selling mutual fund shares: What are the tax implications?

(NIIT) Net Investment Income Tax, Federal Taxes, Mutual Funds / Douglas Freeman

If you’re an investor in mutual funds or you’re interested in putting some money into them, you’re not alone. According to the Investment Company Institute, a survey found 58.7 million households owned mutual funds in mid-2020. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex. What are the […]

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Fully deduct business meals this year

Business Deductions, Business Meals and Entertainment, Small Business, Tax Cuts and Job Acts (TCJA), Tax Deduction / Douglas Freeman

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021). So, you can

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