How Marriage and the Joint Return Can Affect Your Tax Liability
December 3, 2016 | Individual

Does the Tax Code Reward or Penalize Marriage? The story is as old as time.  First comes love then comes marriage.  And quick as a rabbit after that:  the joint tax return.  Ah, sweet bliss, married only a few weeks or…

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Selling Your Home – Two Tax Traps for the Unwary
December 3, 2016 | Individual

For Some That Big, Tax-free Gain May Not Be There After All When I was a boy my dad bought the family home with his Korean War veteran’s benefit and the savings he’d accumulated working lots of long hours.  I don’t…

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Defenses to Joint Tax Liability – The Innocent Spouse
September 14, 2013 | Individual

Signing a Joint Return Makes You Liable For the Entire Amount of Tax Due A teacher of mine, oh so long ago now, collected some science fiction short stories into a book he called Some Dreams are Nightmares.  For a few…

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Taxing Capital Gains and Losses
September 1, 2013 | Individual

What Are They and How Are They Taxed? You invest your money, you take the risk, and if it works out the taxman takes a piece of your gain.  Such is the way of things.  Gains come in kinds and if…

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Converting Your Home to Rental Property
August 24, 2013 | Individual

Taxing Your Home as Rental Property – Gains, Losses, and the Eventual Sale Lots of folks buy homes with a plan.  They live in them for a time, building equity, using their skills to improve them, and after a few…

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