Taxes Archives |

Investors

If you don’t meet the definition of “Trader” in the eyes of the IRS, you are an “Investor”. Investors typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these securities and hold them for personal...

HOH while married

This year was odder than most, we had a number of taxpayers wanting to claim head of household status while still married. Yes, that is an option, but there are hoops to jump through. To qualify for the head of household filing status while married, you must be...

Biden’s scary tax proposal

While at this writing the Biden tax proposal hasn’t been voted on but has been described to include very scary items. First off this is supposed to only “tax” the uber wealthy.  But the tax code itself was to do the same thing in the beginning. Tax a very small...

Home Office

I have to admit I am not a friend of the home office.  The thought of depreciating my home, only to recapture the deprecation as ordinary income when I sell it was never a warm fuzzy thought. Granted the IRS safe harbor of up to $1,500 is not a lot.  But as I sit here...

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