Capital gain treatment for the sale of assets can be an extremely beneficial tax advantage for a taxpayer. Navigating the murky waters of capital assets can be difficult, however. The tax treatment of capital asset sales gains and losses differs between individuals and corporations. Individuals, proprietorships, and partnerships are taxed at a lower rate for [...]
The IRS has issued the 2012 optional standard mileage rates used for deducting the costs of operating an automobile for business, charitable, medical or moving purposes. They are: 55.5 cents per mile for business miles driven 23 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable [...]
We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end. Not all actions will apply in your particular situation, but you will likely benefit from many of them. We can narrow down the specific actions that you can take once we [...]
We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end. Not all actions will apply in your particular situation, but you will likely benefit from many of them. We can narrow down the specific actions that you can take once we [...]
