Tag Archives: tax law

How To Understand Capital Gains & Losses On Your Taxes and What To Do With Them After…..

There are two types of income, both required to be reported on your income tax return. Come “tax time” these are better known as ordinary income and capital gains. Ordinary income includes dividends and interest you receive. Capital gains are … Continue reading

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The Fiscal Cliff

Keep your parachutes packed.  We didn’t need them on January 1st, but we will probably still need them on March 1st. The Federal estate tax exemption was made permanent at an inflation-adjusted $5 million.  The Department of Revenue has confirmed that this … Continue reading

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