The potential of the government nearly doubling the tax rate on capital gains has understandably worried potentially affected taxpayers. But there is no reason to rush to act.
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Tag Archives: Tax Issues (Sentinel)
Buying Your First Home: Equity, Insurance And Taxes
Buying your first home does not have a one-time effect on your finances. Homeownership will touch many areas of your financial life, including savings, insurance and taxes.
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Tax Complexities Of Cryptocurrencies
Cryptocurrency enthusiasts may run into unexpected complications when it comes time to give the tax authorities their due.
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Check Your State’s Rules On PPP Tax Relief
The way state authorities across the country choose to handle the Paycheck Protection Program could have a significant impact on your total tax bill.
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After Turbulent 2020, A Surprisingly Calm Tax Outlook
In this year like no other, looking ahead is preferable to looking back. But while 2020 has been, to put it mildly, tumultuous, things look relatively calm on the tax policy horizon in the short-term future.
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Should You Make The C Corporation Switch?
If you own a pass-through business, should you join the crowd and convert it to a C corporation? It may seem like a simple question, but when you look closer, the calculation gets complex.
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A New Tax Break Was Hardly ‘Simplification’
The dust is clearing after the first spring tax season under the most recent federal tax overhaul. Taxpayers and tax professionals alike have now had a chance to see how new rules played out in reality – especially those governing the qualified business income deduction.
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Making The Most Of Opportunity Zones
The Opportunity Zones program offers a new and exciting prospect for investors, with a generous tax incentive to encourage them to participate sooner rather than later.
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A Standoff, But Not A Standstill
The incoming 116th Congress will probably feature a legislative standoff between House Democrats and Senate Republicans, but that does not mean it will be quiet – or that nothing important will come out of the Capitol for the next two years.
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When Spouses Live In Different States
Popular wisdom holds that our world is shrinking. But for married couples who live apart much or all of the time, long distances still present unique challenges and pitfalls. Many of these are emotional, but there are a few financial hazards too. Luckily couples can largely mitigate the financial problems, at least, with some careful planning and foresight.
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