The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. The tax rules involved in selling mutual fund shares can be complex.
Category Archives: Capital Gains
Summer: A good time to review your investments
July 23rd, 2019 by Douglas Freeman
Posted in Capital Gains, Federal Income Tax, Federal Taxes, Income Tax, Individual Income Tax, Investment, Investment Income Tax (NIIT), Securities, Tax, Tax Planning, Tax Savings
The federal income tax rate on long-term capital gains recognized in 2019 is 15% for most taxpayers.
You may have to pay tax on Social Security benefits
July 11th, 2019 by Douglas Freeman
Posted in AGI (Adjustable Gross Income), Capital Gains, Contributions, Federal Income Tax, Income Tax, Individual Income Tax, Investment Income Tax (NIIT), Retirement, Social Security, Tax, Tax Planning, Tax Savings
Tags: Form W-4V, Provisional Income, Retirement Plan Distribution, Tax Exemption, Taxes on Social Security
If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed.
Which entity is most suitable for your new or existing business?
June 24th, 2019 by Douglas Freeman
Posted in Business Income Tax, C Corporation, Capital Gains, Income Tax, Limited Liability Company, LLC, Partnerships, Past-Through Entities, Qualified Business Income Deducton (QBI), S Corporation, Small Business, Sole Proprietors, Tax Cuts and Job Acts (TCJA)
Tags: Federal Income Tax, Profitability, Stock, Tax Liability, Tax Rates
It may seem that the current, flat 21% corporate income tax rate makes C corporation status for your business the best choice. Or is it?
Investment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefit
January 30th, 2019 by Douglas Freeman
Posted in Capital Gains, Deductions, Investment, Investment Income Tax (NIIT), Itemized Deduction, Tax, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Planning, Tax Savings
Tags: Debt, Investment Deductions, Net Investment Income, Tax-exempt Income
Can the investment interest expense deduction save you tax on your 2018 return? You generally must pass three hurdles to benefit.
Archive
- February 2020 (15)
- January 2020 (11)
- December 2019 (13)
- November 2019 (10)
- October 2019 (12)
- September 2019 (14)
- August 2019 (13)
- July 2019 (12)
- June 2019 (12)
- May 2019 (14)
- April 2019 (13)
- March 2019 (12)
- February 2019 (15)
- January 2019 (10)
- December 2018 (10)
- November 2018 (8)
- October 2018 (10)
- September 2018 (9)
- August 2018 (9)
- July 2018 (9)
- June 2018 (8)
- May 2018 (9)
- April 2018 (8)
- March 2018 (9)
- February 2018 (5)
- September 2016 (1)
- July 2016 (1)
- March 2016 (2)
- February 2016 (1)
Categories
- 100% Penalty (1)
- 2017 IRA (1)
- 2017 Tax Dealine (3)
- 2018 Mileage Deduction (4)
- 2018 Tax Forms (1)
- 2018 Tax Return (17)
- 2019 Mileage Deduction (3)
- 2019 Tax Forms (6)
- 2019 Tax Return (9)
- 401 K (11)
- 401K (10)
- 401k loan repayment (2)
- 403 (b) (2)
- 457 (b) (2) (2)
- 457 (c) (1)
- 529 Saving Plan (6)
- Absenteeism (1)
- Accounting (10)
- Accrual Method of Accounting (1)
- Accrual-Basis Taxpayers (1)
- Achieving A Better Life Experience (ABLE) (1)
- Actual Expenses Method (1)
- Adoption (1)
- Adult Dependent Exemption (1)
- AGI (Adjustable Gross Income) (12)
- Alternate Minimum Tax (AMT) (1)
- Amazon Web Services (AWS) (1)
- AMT (Alternative Miminum Tax) (1)
- Annualized Income Method (1)
- Artificial Intelligence (AI) (2)
- Assets (5)
- Assisted Living (1)
- Audit Techniques Guide (ATGs) (1)
- Audit Techniques Guides (ATGs) (1)
- Audits (1)
- Awards (1)
- Barter Clubs (1)
- Bartering (1)
- Bipartisan Budge Act of 2018 (2)
- Bitcoin (2)
- Bonds (1)
- Bonuses (1)
- Bookkeeping (6)
- Budgeting (2)
- Buildings (1)
- Business Audit (2)
- Business Credit (4)
- Business Culture (1)
- Business Deductions (7)
- Business Equipment (5)
- Business Expenses (2)
- Business Income Tax (25)
- Business Installment Sale (1)
- Business Interruption Insurance (1)
- Business Meals and Entertainment (4)
- Business Mileage (5)
- Business Plan (3)
- Business Start Ups (1)
- Business Tax Identity Theft (1)
- Business Technology (1)
- Business Travel Deductions (5)
- Business Travel Expense (5)
- Business Turnaround Strategy (1)
- Buy vs Lease Business Equipment (1)
- C Corporation (10)
- C Corporations (3)
- Capital Gains (5)
- Captial Gains (1)
- Cash Method of Accounting (2)
- Cash-Basis Taxpayers (1)
- Casualties (1)
- Casualty Losses on Property (1)
- CFO (1)
- Charitable (14)
- Charitable Mileage Deduction (4)
- Child Tax Credit (2)
- Civil Fraud (1)
- Closely Held Corporations (1)
- Cloud Computing (1)
- College children on The Payroll (2)
- Community involvement (1)
- Company Health Care Plans (1)
- Compensation (5)
- Compensation and Benefits (3)
- Contributions (6)
- Controller (1)
- Cost Management (1)
- Cost Segregation Study (2)
- Coverdell Education Savings Account (ESA) (1)
- Credit Score (1)
- Current Ratio (1)
- Customer Relationship Management (CRM) (2)
- Data Breach (1)
- de mimimis Fringe Benefits (2)
- Debt-to-equity Ratio (1)
- Deductable Expenses (22)
- Deductions (29)
- Dependent Tax Credit (2)
- Depreciation (11)
- Depreciation Deduction (Section 179) (4)
- Digital Documents (1)
- Disabilities (2)
- Divorce (3)
- Documentation (5)
- Donations (10)
- Doucment Retention (4)
- E-Commerce (1)
- Economic Nexus (1)
- Educators (1)
- Electronic Federal Tax Payment System (1)
- Employee Benefits (13)
- Employee Tax Audit (1)
- Employees (15)
- Employment Practices Liability Insurance (EPLI) (1)
- Employment Tax (3)
- Entrepreneurs (1)
- Environmental Tax Deductions (1)
- Equipment (3)
- ERISA (1)
- Estate Tax (3)
- Exemptions (3)
- Family Business (1)
- Featured Business (5)
- Federal Gift Tax (3)
- Federal Income Tax (45)
- Federal Income Tax Filing (7)
- Federal Tax Credit (2)
- Federal Tax Deductions (2)
- Federal Taxes (10)
- Federal Unemployment (FUTA Tax (2)
- FICA (3)
- Financial Oversight (1)
- Financial Statements (4)
- Flexable Spending Accounts (6)
- FLP (Family Limited Partnership) (1)
- Form 1099 (2)
- Form 1099-B (1)
- Form 1099-INT (1)
- Form 1099-K (1)
- Form 1099-Misc (5)
- Form 8379 (1)
- Form 8594 (1)
- Form SS-4 (1)
- Form W-2 (1)
- Form W-4 (1)
- Fringe Benefits For Employees (1)
- FSA (4)
- Gambling Taxation (2)
- Gamification (1)
- Gift and Estate Tax (3)
- Gift Tax (7)
- Gifts (6)
- Going Green (1)
- Google Cloud Platform (1)
- Gross Profit (1)
- Health Care (5)
- Health Care Insurance (2)
- Hidden Profits (1)
- High Deductable Health Plan (4)
- Holiday gifts (2)
- Home Office Deduction (4)
- HRA (2)
- HSA (7)
- Human Resources (2)
- Hybrid Method of Accounting (1)
- Incentive Stock Options (ISOs) (1)
- Income Tax (106)
- Independent Contractors (3)
- Individual Income Tax (69)
- Information Technology (IT) (2)
- Insurance (5)
- Internal Revenue Service (52)
- Internal Revenue Service (IRS) (5)
- Inventory Turnover Ratio (1)
- Investment (13)
- Investment Income Tax (NIIT) (8)
- IRA (21)
- IRS Audit (2)
- IT Project (1)
- Itemized Deduction (20)
- Key Performance Indicator (KPIs) (2)
- Kiddie Tax (1)
- Knowledge Management Strategy (1)
- Leasing (2)
- Limited Liability Company (4)
- LLC (6)
- Local Kansas City Business (1)
- Management (1)
- Marketing (4)
- Medical Deductions (5)
- Medicare Premium Tax Deduction (1)
- Medicare Taxes (2)
- Merger & Acquisition (3)
- Microsoft Azure (1)
- Moving Expenses (2)
- Multiple Employer Plan (MEP) (1)
- Mutual Funds (2)
- Nanny Tax (1)
- Natural Disaster (1)
- No-Match Letters (1)
- Nonqualified Deferred Compensation (NQDC) (1)
- Nursing Home Deduction (2)
- Occurrence-based Insurance (1)
- Online Retailers (1)
- Opportunities (1)
- Ordinary Income Tax (1)
- Organic Sales Growth (1)
- Out-of-State Online Sales Tax (1)
- Outsourcing (1)
- Paid Time Off (PTO) (1)
- Partnerships (10)
- Past-Through Entities (10)
- PATH Act (1)
- Payroll & HR Functions (1)
- Payroll Service (2)
- Payroll Tax (1)
- Pension benefit (1)
- Performance (1)
- Performance Reviews (1)
- Personal Property loses (2)
- Personal Residence (2)
- Personal Service Corporations (PSCs) (1)
- Plan Sponsor Council of America (PSCA) (1)
- Prepaid Tuition Plans (1)
- Profit-Sharing (1)
- Profit-Sharing Plan (1)
- Property Tax (2)
- Q2 2019 Tax Calendar (1)
- Q3 Tax Calendar (1)
- Q4 Tax Calendar (1)
- Q4 Tax Calendar 2019 (1)
- Qualified Business Income Deducton (QBI) (6)
- Qualified Charitable Distribution (QCD) (2)
- Qualified Domestic Relations Oder (QDRO) (1)
- Qualified Opportunity Fund (1)
- Qualifying Leave for Family Medical Leave (1)
- Quickbooks (1)
- Real Estate (6)
- Refund (2)
- Rental Expenses (1)
- Repairs and Maintenance (3)
- Required Minimum Distributions (RMD) (2)
- Required Minimum Distributions (RMDs) (3)
- Restricted Stock (1)
- Retirement (27)
- Risk Management (1)
- Roth IRA (9)
- S Corporation (18)
- S Corporations (2)
- Safe Habor (1)
- Sales (5)
- Sales Tax (3)
- SALT (2)
- Sec. 83(B) (1)
- Section 162 (1)
- Section 179 (4)
- Securities (3)
- Self Employed (4)
- Self Employment Tax (4)
- Setting Every Community Up for Retirement Enhancement (SECURE) Act (4)
- Shadow Board (1)
- Shareholder (2)
- Side "Gig" (1)
- Simples (5)
- Simplified Employee Pension (SEP) (8)
- Small Business (109)
- Social Media Marketing (1)
- Social Security (8)
- Social Security & Medicare (FICA) taxes (4)
- Social Security Disability Insurance (SSDI) (1)
- Sole Proprietors (4)
- State Tax (3)
- Statue of Limitations (1)
- Statute Of Limitations (1)
- Stock Based Compensation (1)
- Stocks (4)
- Strategic Business Planning (7)
- Strategic Planning Meetings (1)
- Succession Plans (6)
- Summer Day Camp (1)
- Summer Day Care Credits (1)
- Summer Employees (1)
- SWOT (1)
- SWOT Analysis ( (1)
- Tangible Property Deductions (1)
- Tax (80)
- Tax Audits (2)
- Tax Calendar 2018 (5)
- Tax Considerations of Selling Your Home (1)
- Tax Credits (23)
- Tax Cuts and Job Acts (TCJA) (84)
- Tax Deadlines (7)
- Tax Deduction (60)
- Tax Deficiency (1)
- Tax Identity Theft (1)
- Tax Planning (82)
- Tax Record Retention (5)
- Tax Reform 2.0 (1)
- Tax Refund (1)
- Tax Rules for Selling Your Home (1)
- Tax Savings (58)
- Tax Scams (1)
- Tax Withholding's (1)
- Tax Withholdings (5)
- Tax-Advantaged Savings (3)
- The American Opportunity Credit (1)
- The Lifetime Learning Credit (1)
- Threats (2)
- Trust Fund Recovery Penalty (1)
- U.S. Department of Labor (1)
- U.S. Treasury Department (2)
- Uncategorized (7)
- Unemployment Tax (1)
- Vacation Rental (2)
- Vehicle Expenses (2)
- Virtual Care (1)
- Virtual Currency (1)
- Website Development Tax Deductions (1)
- Working Parents (2)
- WOTC (2)
- Year End Planning (1)