Potpourri of Tax Topics

/Potpourri of Tax Topics

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.

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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Claiming Spouse as Dependent: What is Gross Income?

By | July 25th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

Image courtesy of Pixabay.com A couple of weeks ago I wrote a post about whether or not a married couple can choose to file a separate return where one spouse claims the other spouse as a dependent. The answer is yes, if the spouse being claimed as a dependent: Has no gross income, and [...]

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Can I Claim My Disabled Spouse as a Dependent?

By | July 11th, 2018|Categories: Potpourri of Tax Topics|Tags: , |

This question comes up now and then: My spouse is disabled and has no income; can we file as married filing separately and I claim him/her as a dependent on my tax return?