Capital Gains Tax

The Latest

  • September 5, 2014

    Are you trying to determine whether or not all of your income is taxable? While the IRS considers most types of income to be fully taxable, there are certain instances where your income may not be subject to tax.

    Taxable Income...

  • January 2, 2013

    Selling a business is an exciting experience and there are several things you can do to develop a tax strategy and ensure that the process goes as smoothly as possible....

  • December 7, 2012

    While you may be focused on hunting holiday presents, this is the time of year when you need to be thinking about the April 15 income tax deadline. There...

  • November 15, 2012

    With everyone talking about the fiscal cliff these days, it’s easy to worry we might all be jumping off of it. Thankfully, experts say there’s no need to unpack your parachutes just yet, but there may be some cause for concern if tax...

  • August 15, 2010

    If you believe any of the myths surrounding capital gains tax and how it affects you, there is a good chance that you will include erroneous information on your...

  • August 15, 2010

    The average American selling a home this year probably doesn’t have to worry about a capital gains tax.  The Federal government provides a measure or capital gains tax...

  • August 15, 2010

    If you are required to report a capital gains tax on the sale of your principal residence, it is reported on Tax Form 1040, Schedule D  (PDF), Capital Gains and Losses. (...

  • August 15, 2010

    If you sold or are thinking of selling your home in the near future and you owned and lived in it for a minimum of two years total, you can exclude up to $250,000 in capital...

  • August 15, 2010

    The Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003 lowered the maximum capital gains tax rate from 10% to 5% for people in the lower two tax brackets...

  • August 15, 2010

    The expiration of the Bush capital gains tax cuts in 2010 has a lot of investors preparing to unload real estate investment property to minimize the capital gains tax on any profits they may have reaped.   The Federal top tier bracket leap from...