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Don’t Forget to Check Online for Investment 1099s!

By | December 5th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

More and more brokerages and making 1099s available ONLY online, meaning the client has to think to go out and retrieve the 1099s. So this time of year is a good time to make a note to verify what brokerage or investment accounts you have, find your login, and make a note to log in at tax time to check for 1099s.

Glossary: Capital Loss Limits

By | November 28th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

In the tax world, a capital loss means selling something for less than you originally paid for it. Deductions for losses are often limited or not allowed at all.

From the Archives: Beware of the Deadlines on Amended Tax Returns

By | November 21st, 2018|Categories: From the Archives|Tags: , |

Normally the term “filed” means “postmarked.” But this is not the case with amendments.

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Tax Deductions for College Professors

By | November 14th, 2018|Categories: Potpourri of Tax Topics|Tags: , , , |

What tax deductions can a college professor take? Tax reform has made it almost impossible for professors to take any deductions anymore.

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Good Income vs. Bad Income

By | November 7th, 2018|Categories: Small Business Tax and Accounting|Tags: , |

Business owners may be surprised to learn that there is such a thing as "bad income." There is also such a thing as good expenses.

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