Year-End Tax Trading: Wash Sales and More
For end-of-year tax planning, traders and investors should know how wash sales, constructive sales, short positions, and Section 1256 contracts could impact their taxes.
4 Common Tax-Filing Mistakes and How to Avoid Them
Watch out for these common errors when preparing your tax return.
Trader Taxes: Form 8949 & Section 1256 Contracts
Traders have special tax considerations, including Schedule D, Form 8949, Section 1256 contracts, and collectibles tax treatment. Here are a few tips for tackling the extra filing.
Can You Get a Retirement Match From Uncle Sam?
The Saver's Credit is like a retirement match from Uncle Sam if you qualify. Here's what you need to know—and do.
How to Deal With an Unexpected Tax Bill
It may not take much to trigger a surprise tax bill. Here are some ideas for dealing with your liability without creating more financial woes.
What’s in the Inflation Reduction Act?
The $750 billion Inflation Reduction Act of 2022 aims to combat climate change and increase tax revenues. Here's what it could mean for you.
How to Minimize the Risk of an IRS Audit
A number of tax audits result from preventable mistakes. Here are the five most common audit red flags—and what to do to avoid them.
2023 Tax Brackets and Contribution Limits
Inflation prompted many changes to tax brackets and contribution limits. Here's a look at the most significant.
Deferring Taxes on an Investment Property Sale
A 1031 exchange can help you defer capital gains taxes on an investment property by investing sale proceeds into another property.
How to Handle an Inherited Business
Inheriting a business can be a great honor—and potentially a great burden. Here's how to assess its viability and navigate the tax bill.