Monthly Archives: December 2016

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Have a Worthless Stock You Want To Write Off for 2016? Action May be Needed by Year-End

Action May be Needed by Year-End  Article Highlights:  Tax Loss for a Security Sold or That Is Worthless Proving Worthlessness Selling a Worthless Stock by Year-end Brokers May Accommodate Clients Capital Loss Deduction If you are like most investors, you occasionally will pick a loser that declines in value. Sometimes, a security can even become [...]

By | 2017-02-03T17:26:39+00:00 December 29th, 2016|Categories: Uncategorized|0 Comments

Only 4 Days Left for 2016 Tax Deductions

Article Highlights: Actions You Can Still Take to Reduce Your 2016 Tax Bite Actions Must Be Completed Before the End of 2016 When Contributions by Check, Text-message or Pay-By-Phone Accounts Are Considered to Be Made Deductible Expenses Paid by Credit Card Are Deductible In The Year Charged Just a reminder that the last day you [...]

By | 2017-02-03T17:27:13+00:00 December 27th, 2016|Categories: Uncategorized|0 Comments

Year-End Investment Moves

Article Highlights: • Zero Capital Gains Rate • Offset Gains With Losses • Wash Sales If you invest in publicly traded securities, here are a couple of tax-saving possibilities you shouldn’t forget to consider before year-end. Zero Capital Gains Rate - If you are having a low-income year, there may be a way for you [...]

By | 2017-02-03T17:27:46+00:00 December 23rd, 2016|Categories: Uncategorized|0 Comments

Liberal Expensing Limits Can Create Major Year-End Tax Savings

Article Highlights:  Sec 179 Expensing Expensing Safe Harbor Per Item or Invoice First Year Bonus Depreciation Leasehold Improvements Businesses seeking to increase deductions by acquiring machinery and equipment before year-end have an impressive array of tools to work with: Generous, up to $500,000, expensing under IRC Sec. 179, A liberal, up to $2,500, expensing safe [...]

By | 2017-02-03T17:28:19+00:00 December 19th, 2016|Categories: Uncategorized|0 Comments