Article Highlights:  What is Basis?  Cost Basis  Gift Basis  Inherited Basis  Events That Adjust Basis  First-in, First Out  In taxes, there is a saying: “Those who keep records win.” If you are an investor, you may have a variety of […]
Article Highlights:  Home Equity Loan  Home Equity Interest Deduction  Alternative Minimum Tax  Above-the-Line Interest Deduction  Qualified Expenses If you are considering borrowing funds to finance your college education or that of your spouse or children, it is important that you […]
Article Highlights:  Computation Method  Regular Method  Simplified Method  Qualified Research  The Credit  General Business Credit  AMT  Payroll Tax Election  For businesses, the tax code provides a tax credit of up to 20% of qualified expenditures to encourage businesses to develop, […]
Article Highlights:  Marriage  Buying a Home  Having or Adopting Children  Getting Divorced  Death of Spouse  Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes. Here are a few […]
Article Highlights:  Tax Loss for a Security Sold or That Is Worthless  Proving Worthlessness  Selling a Worthless Stock by Year-end  Brokers May Accommodate Clients  Capital Loss Deduction  If you are like most investors, you occasionally will pick a loser that […]