Tax Strategy Scan: Deduct Capital Losses the Right Way

Published: 7/16/2015 6:19:16 PM

Deduct capital loss the right way and save on your taxes: Selling losing securities and using the losses to offset capital gains is a good strategy for investors to save on taxes, according to Motley Fool. Those who declare capital losses from selling stocks need to fill out a Schedule D and submit the document with their Form 1040 tax return. Short-term capital losses can be used to offset short-term gains first and any excess can be used to write off long-term gains. -- Motley Fool

4 mistakes people make with stock options: Company stock options are good investments for the firm's employees, but these options come with risks, such as the ability of the company to change the terms of their options when they retire or are fired from their jobs, according to The Wall Street Journal. Also there is a need to make a strategy for investors to earn from these company stock options. When investing in company stock options, workers need to understand that these options are riskier because they are not considered stocks and all company stock options are not subject to same tax treatment. -- The Wall Street Journal

Gold for your client's IRA? Investing IRA assets in gold and other precious metals seems like an attractive option for clients who receive low interest rates from the safest fixed-income investments and are worried about the risk posed by future inflation. The Internal Revenue Service allows IRA investors to buy gold and certain other precious metals, as well as bullion meeting fineness standards. However, those who want to own these metals need to consider their age, since the prices are volatile and could pose a risk as the investor approaches retirement age. -- MarketWatch

I.R.S. cracks down on hedge fund tax strategy: The Internal Revenue Service has issued guidelines that treat hedge fund basket options as listed transactions, and will require those who use these options to include them in their tax returns, according to The New York Times. The new guidance will be retroactive and affect all deals made since Jan. 1, 2011. Numerous hedge funds used the basket options to bypass taxes on short-term trades from 1998 to 2013, based on a report from the Senate Permanent Subcommittee on Investigations released last year. --The New York Times

Contact Us

All Posts

Job Opening

3/18/2019 10:36:19 PM

Year-end tax planning moves for individuals and businesses

11/3/2017 5:54:06 PM

7 Factors that Influence Your Home Mortgage Interest Rate

10/30/2017 3:53:23 PM

The Most Overlooked Tax Deduction by Real Estate Owners

10/30/2017 3:52:08 PM

Tax Strategy: The broad principles of tax reform

10/30/2017 3:43:09 PM

6 Things To Know About Your Side Hustle And Taxes

7/19/2017 10:10:40 PM

Payroll Mistakes? Get ready to lose employees...

6/11/2017 8:00:43 PM

IRAs and tax-efficient charitable giving: What you need to know

4/2/2017 1:26:57 AM

Three Benefits of Maximizing Your Relationship with Accountants

2/9/2017 7:37:51 AM

IRS Offers Tips on Choosing a Tax Preparer

2/9/2017 7:25:18 AM

23 Tax Deductions You Can't Afford to Overlook

12/23/2016 5:22:28 AM

BREAKING NEWS: Judge Suspends Overtime Rule Set for Dec. 1st

11/24/2016 7:58:14 AM

Six Tax Planning Strategies To Prepare For A Trump Presidency

11/21/2016 10:07:33 PM

10 Year-End Tax-Planning Tips for Individuals

11/5/2016 4:53:25 PM

7 Things Most Millennials Don't Know About Preparing For Retirement

10/29/2016 6:39:40 AM

Tax Strategy Scan: Follow the 1040

10/5/2016 4:53:42 AM

Tax Strategy Scan: Delaying IRA Distributions

9/8/2016 11:46:41 AM

5 Reasons Your Small Business Needs an Accountant

8/25/2016 11:27:35 PM

Tax Strategy Scan: Better Roth Conversions

8/24/2016 12:04:43 AM

Nine compelling benefits of a Roth IRA

8/16/2016 7:53:22 AM

Tax Strategy Scan: Stretch an IRA and Delay Paying Uncle Sam

8/9/2016 6:49:17 PM

Back-to-School Tax Tips

8/9/2016 6:47:47 PM

Tax Tips for Newlyweds

7/28/2016 11:15:46 AM

Tax Strategy Scan: Gray Divorce, and More

7/28/2016 11:15:30 AM

The Best Method for Paying Off Each Kind of Loan

7/20/2016 12:20:42 PM

Why you may want to take IRA money at 59½

7/19/2016 3:44:47 PM

Tax Savings from a Home Office

7/19/2016 3:09:47 PM

Tax Strategy Scan: Earn with Owing Tax

7/19/2016 2:51:21 PM

Tax Strategy Scan: Picking the Best Shelter

7/11/2016 7:28:02 PM

2016 Tax Series: 8 Sweet Fringe Benefits

7/8/2016 11:20:59 AM

How to Save $10,000 in 6 Months

7/7/2016 10:17:54 PM

Changes affecting qualified retirement plans

7/3/2016 6:23:30 PM

IRS Expands Electric Vehicle Tax Credit to 30 Cars, Including 3 Porsche Models

6/23/2016 7:42:10 PM

Tax Strategy Scan: Favorable Yields for Risk-Takers

6/23/2016 6:45:43 PM

How Investors Can Salvage Tax Losses With the Wash Sale Rule

6/14/2016 10:48:08 AM

Tax Strategy Scan: 8 Tips for Clients Moving Overseas

6/14/2016 12:32:17 AM

6 Quick Tax Tips for Students Starting a Summer Job

6/12/2016 1:56:55 PM

Top 10 Tax Deductions for Active Traders

6/12/2016 1:55:55 PM

Tax Strategy Scan: A Better Graduation Gift

5/30/2016 12:51:50 AM

5 Steps Small Businesses Must Take to Prepare for New Overtime Pay Rules

5/30/2016 12:49:44 AM

Attention Employers: Prepare Yourselves for the New Overtime Law

5/21/2016 12:47:22 AM

Tax Strategy Scan: The Limits of Like-Kind Exchanges

5/10/2016 12:09:18 PM

Charitable Tax Trick For Big And Little Donors

5/10/2016 12:06:43 PM

Understanding Distributions from Traditional IRAs and Taxes at Death

5/10/2016 12:00:52 PM

Tax Strategy Scan: Picking a Retirement Portfolio

5/3/2016 3:37:19 PM

Tax Strategy Scan: Extra Taxes on Boomers?

4/29/2016 1:54:08 AM

Tax Strategy Scan: Deducting Investment Manager Fees

4/29/2016 1:51:39 AM

Tax Strategy Scan: Boosting Millennials' Returns

4/18/2016 5:46:18 PM

How to Plan a Successful Business Exit

4/18/2016 5:43:10 PM

Tax Strategy Scan: The Payoff from Donating IRA Assets

4/6/2016 1:57:40 PM

Valuation: Start Treating Your Business As An Investment!

4/3/2016 4:13:59 PM

Balance Funding an IRA with Other Financial Goals

3/9/2016 12:48:39 AM

Tax Strategy Scan: Roth Conversion Do-Overs Can Pay Off

3/9/2016 12:33:36 AM

Tax Strategy Scan: Minimizing the Tax Bite in Taxable Accounts

3/2/2016 8:12:42 AM

Tax Strategy Scan: The Tax Advantages of Old Age

2/24/2016 10:06:01 AM

Tax Strategies Scan: Max Out Benefits for Student Loan Borrowers

2/24/2016 10:03:51 AM

11 Ways to Avoid the IRA Early Withdrawal Penalty

2/19/2016 1:02:58 AM

Difference Between Cash Flow and Accounting Income

2/17/2016 11:04:17 AM

Tax Strategies Scan: No Receipts? No Problem!

2/1/2016 11:29:53 PM

Tax Strategies Scan: A Millennial Marriage Tax?

1/28/2016 4:27:32 PM

5 Outrageous, But Legitimate, Income Tax Deductions

1/26/2016 2:08:42 PM

6 Retirement-Planning Mistakes to Avoid

1/24/2016 9:05:22 PM

Major Business Tax Changes for 2016

1/24/2016 7:54:09 PM

Tax Strategies Scan: More Investment Returns, Fewer Taxes

1/19/2016 9:36:22 PM

Tax Strategies Scan: Genius Tax Write-Offs

1/11/2016 9:15:59 PM

Why Tax Planning Should Be a Year-Round Priority

1/11/2016 7:59:06 PM

10 Things You Absolutely Need To Know About Taxes

1/8/2016 8:36:35 AM

Lessons From the Tax Court: Medical Exception For IRAs

12/30/2015 4:28:04 PM

Tax Strategies Scan: Doing Good Deeds for Savings

12/21/2015 12:42:07 PM

Tax Strategies Scan: Capital Gains Can COST Clients

12/16/2015 12:30:14 AM

Small Business Owners Need to Focus More on Tax Planning

12/16/2015 12:11:13 AM

Tax Strategies Scan: Hitting the Gifting Limit

12/9/2015 12:48:33 PM

Timing Payments Around the Close of the Year

12/9/2015 12:39:02 PM

Year-End Tax Tips for Business Owners

12/5/2015 11:20:58 AM

6 Tips for Saving for Retirement in 2016

11/30/2015 10:00:37 AM

Tax Strategies Scan: Harvesting Energy Investments

11/24/2015 12:02:38 PM

Tax Strategies Scan: Take the Bite Out of 401(k) Conversions

11/16/2015 9:10:50 AM

Don’t Miss These Year-End Tax-Saving Maneuvers

11/14/2015 6:33:42 PM

Tax Strategies Scan: Reducing the Tax Hit on Investments

11/5/2015 2:02:35 PM

10 Year-End Tax-Planning Tips Your Clients Shouldn't Ignore

10/30/2015 9:58:04 PM

Tax Strategies Scan: Avoiding Taxes on Home Sale

10/26/2015 12:39:54 PM

Electing S Corp Status for your LLC

10/24/2015 12:27:46 PM

CPA Estate Planning Tips

10/22/2015 1:10:49 PM

Tax Strategies Scan: Best Way to Make IRA Withdrawals

10/20/2015 11:23:16 AM

Tax Strategies Scan: Offset Gains and Income; Homeowner Tricks; HSAs; and Shadow Banking

10/14/2015 4:08:52 PM

Tax Planning Businesses Can Do Before Year End

10/14/2015 3:51:51 PM

Tax Strategies Scan: Trimming Taxes on Investments

10/8/2015 12:19:44 PM

Should You Delay Marriage to Save Tax Dollars?

10/8/2015 12:08:21 PM

Tax Strategies Scan: MUNIs on the Rise

10/8/2015 11:34:25 AM

7 Tax Tricks for Homeowners

10/8/2015 11:33:54 AM

11 Tips for Investors in Their 30s and 40s

10/8/2015 11:33:25 AM

How Landlords Can Write off Rental Property Losses

10/8/2015 11:01:28 AM

Income Tax Reminders for Owners of Vacation Homes

9/29/2015 2:19:03 AM

Tax Strategies Scan: Hiring Your Kids

9/25/2015 12:22:05 PM

Take An Extra Year To Pay Taxes Thanks To This Generous Accounting Rule

9/25/2015 12:07:05 PM

Teaching Kids to Invest

9/15/2015 9:20:55 AM

Tax Strategies Scan: Recouping Client Losses

8/31/2015 11:52:59 AM

401(k) vs Roth IRA: Which is Best?

8/27/2015 5:44:09 PM

Five Ways To Deduct Losses In Financial Markets

8/25/2015 10:24:41 AM

Tax Strategies Scan: Minimizing Taxes on Social Security

8/24/2015 3:10:20 PM

LLCs, S Corps & PCs: Choosing a Business Entity

8/21/2015 2:26:10 PM

Why Do Accountants Lose Clients?

8/20/2015 2:50:08 PM

Tax Strategies Scan: Inherited IRAs

8/17/2015 4:42:32 PM

How to Deduct Real Estate Losses

8/15/2015 10:44:45 AM

Are You Prepared for the Latest Independent Contractor Crackdown?

8/13/2015 3:36:25 PM

Bonus Depreciation (Sec. 179) and the Repair Regs.

8/12/2015 6:34:29 PM

IRS Summertime Tax Tips

8/5/2015 3:17:12 PM

Stepping Up to Wealth Management

7/30/2015 3:14:51 PM

5 Financial Tips for Newly-Employed Young People

7/30/2015 2:40:28 PM

Majority of Family Businesses Unprepared for Succession

7/22/2015 6:17:48 PM

Baby on Board? 7 Tax Tips for Expectant (and Hoping to be Expectant) Parents

7/20/2015 2:54:36 PM

7 Tax Tips On Vacation Home Rentals

7/17/2015 1:05:56 PM

Why Real Estate Investment Is Your Best Tax Shelter

7/17/2015 9:11:48 AM

Which Employee Fringe Benefits Are Taxable?

7/17/2015 9:05:40 AM

Tax Strategy Scan: Deduct Capital Losses the Right Way

7/16/2015 6:19:16 PM

New Tax Penalty on Small Business Health Insurance

7/3/2015 11:46:08 AM

Tax, Estate Planning, Benefits Opportunities After Supreme Court's Same-Sex Marriage Decision

6/30/2015 3:11:07 PM

Summer Camp & College: More Fun, Less Taxing

6/24/2015 3:28:51 PM

S Corps - Surviving an IRS Reasonable Compensation Challenge

6/16/2015 6:51:23 PM

Making the Most of Required Minimum Distributions at Retirement

6/9/2015 5:09:01 PM

Tax Strategies Scan: Less Taxing Investments

6/8/2015 3:03:55 PM

Determining how much Medicare tax you may pay on business income

5/30/2015 1:23:05 PM

Business Entity Selection- Audit Risk

5/29/2015 2:26:33 PM

7 Biggest Threats to Your Retirement

5/21/2015 11:28:02 AM

2015 Tax Rates, Deductions, Exemptions, Credits, & More

5/20/2015 6:04:33 PM

Qualified Personal Residence Trusts - Reduce Estate Taxes!

5/15/2015 2:52:12 PM

Tax-Related Investment Strategies

5/12/2015 9:55:49 PM

Tax Considerations for Cancellation-of-Debt Income

5/12/2015 4:33:39 PM

When It's OK to Tap Your IRA

4/30/2015 11:59:22 AM

1031 Exchanges - 10 Things to Know

4/29/2015 6:41:12 PM

15 Ways to Spend a Refund

4/28/2015 8:53:15 PM

Tax Issues with Marijuana

4/28/2015 8:53:00 PM