Tax Treatment of Selling Collectibles
Apr 7, 2023 | Feature Articles
If you enjoy collecting antiques and collectibles or investing in fine art, wine, or vintage cars, there may be a time when you’re ready to cash in and reap the financial rewards. But you need to be aware of the tax impact of selling collectibles. IRS Definition...What Is the Net Investment Income Tax?
Apr 7, 2023 | Feature Articles
While the Net Investment Income Tax (NIIT) most often affects wealthier individuals, in certain circumstances, it can also affect moderate-income taxpayers whose income increases significantly in a given tax year. What Is the NIIT? The NIIT is a 3.8 percent tax on...Defer Capital Gains With Sec. 1031 Exchanges
Apr 7, 2023 | Feature Articles
If you’re a savvy investor, you probably know that you must generally report any mutual fund distributions as income, whether you reinvest them or exchange shares in one fund for shares in another. In other words, you must report and pay any capital gains tax...Reporting Foreign Income on Your Federal Tax Return
Apr 7, 2023 | Feature Articles
By law, U.S. citizens and resident aliens living abroad must file a U.S. income tax return and report any worldwide income. Some key tax benefits, such as the foreign earned income exclusion, are only available to those who file U.S. returns. As such, if you are...Five Overlooked Tax Breaks for Individuals
Mar 6, 2023 | Feature Articles
Are you confused about which credits and deductions you can claim on your 2022 tax return? You’re not alone. With tax law becoming more complicated every year, it’s hard to remember which tax breaks are available in any given year. With that in mind, here...Tax Due Dates for
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