What is Tax-Loss Harvesting? How can I Turn Investment Losses Into Tax Savings?
What is Tax-Loss Harvesting? How can I Turn Investment Losses Into Tax Savings? It is that time of the year again, the days are getting shorter and the workload for accountants around the country is getting heavier. Tax season is…
Read more“Help! I received a letter from the IRS, they want to audit me.”
“Help! I received a letter from the IRS, they want to audit me.” We’ve heard this cry numerous times, and rarely does the IRS actually want to audit you. Most IRS correspondence can be cleared up fairly quickly, although it…
Read morePossible IRS error in your favor – Schedule D Tax Worksheet (Form 1040)
The 2018 Schedule D Tax Worksheet in the Instructions for Schedule D (Form 1040) contained an error. The tax calculation did not work correctly with the new TCJA regular tax rates and brackets for certain Schedule D filers who had 28% rate…
Read more