While the maximum capital gain tax rate can be as high as 23.8 percent, most taxpayers pay 15 percent. But there is the possibility to have your capital gains go tax-free; zero percent! In fact,…

In 2018, the government attempted to “simplify” the tax-filing process by drastically shortening Form 1040. The result was six new schedules that created a lot of confusion. Now the IRS is attempting to ease some…

What’s My Tax Rate? It may seem like a simple question, but there are different types of tax rates out there. The following videos define two of them, a taxpayer’s Marginal Tax Rate and an…

If giving to charity is still in your agenda for 2019, there is still a window of time for you to make that year-end donation. Gifts to charity are one of the best tax-saving opportunities…

Many businesses looking for high growth will offer their employees the chance to purchase stock of the company. It’s also a common technique used in venture capital markets. The stock being purchased is often restricted…

As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating…

The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. The program can be used by residents of the District…

You just received a notice that your taxes are being audited: what does this mean? An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported…