TITLE

Tax Tricks

AUTHOR(S)
Willis, Gerri
PUB. DATE
December 2008
SOURCE
Best Life;Dec2008/Jan2009, Vol. 5 Issue 10, p52
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents tips to avoid tax in 2009. It mentions the U.S. Internal Revenue Service's (IRS) provision known as tax-loss selling. The provision allows an individual to avoid tax on profits earned in the market, plus the income tax. The author suggests to rebalance the portfolio and engage in charitable giving to get a tax deduction.
ACCESSION #
35834364

 

Related Articles

  • CHAPTER 18: Help Beyond This Book. Fishman, Stephen // Home Business Tax Deductions;Nov2013, p411 

    The article offers information on some of sources of information about specific tax deduction or any other tax-related matter in the U.S. It suggests visiting the website and booklets of the Internal Revenue Service (IRS) for information about tax deductions. It also recommends reviewing the tax...

  • 'Carryback' change may bring fresh scrutiny of past filings. DEMARCO, PETER // Crain's Cleveland Business;7/12/2010, Vol. 31 Issue 27, p19 

    The article offers information on the legislation made by the U.S. Congress in 2009, that permitted companies to carryback their current losses up to five years. It states that under carryback provision, the company can get re-examined its entire tax return from the Internal Revenue Services. It...

  • IRS opens a new door for home office: New tax rules mean you might want to take a second look at this option. Scott, Howard // Writer (Kalmbach Publishing Co.);Jan2008, Vol. 121 Issue 1, p42 

    This article evaluates tax rules that have been revised by the United States Internal Revenue Service, which would allow authors who work at home to take an office deduction when filling out their taxes. The article explains that the revision uses house expenses to create business deductions....

  • CHAPTER 16: Deducting Rental Losses. Fishman, Stephen // Every Landlord's Tax Deduction Guide;Nov2013, p367 

    The article presents rules from the U.S. Internal Service Revenue (IRS) on tax deductions from rental losses. It mentions that landlords have rental loss if all tax deductions from owned rental property exceed the yearly rent and other money obtanied from the property. It states that the annual...

  • Last-Minute Tax Tips. Jones, Monica // Ebony;Apr2007, Vol. 62 Issue 6, p42 

    The article offers African Americans last-minute tips for filing their income taxes for 2007. The advice includes, filing taxes, whether one owes the U.S. Internal Revenue Service money or not, and filing under an installment payment plan. In 2007, taxpayers may take a one-time tax refund on...

  • "Making Work Pay Credit" Mandates Tax Withholding Checkup.  // Federal Tax Course Letter;Aug2009, Vol. 23 Issue 8, p6 

    The article discusses the Internal Revenue Service's (IRS) reminder in the Special Edition Tax Tip 2009-4 in the U.S. It mentions that the IRS reminded taxpayers that the Making Work Pay Credit reduced tax withholding rates in 2009 for 120 million American households. It mentions that MWPC is...

  • The Notice 2003-65 Treatment of Recognized Built-In Gains and Losses. Kuegman, Michael; Prettyman, James H. // Corporate Business Taxation Monthly;Apr2004, Vol. 5 Issue 7, p1 

    The article discusses the guidance issued regarding the corporate built-in gain and loss rules of the Internal Revenue Code Section 382(h) from the U.S. Internal Revenue Service. The Notice 2003-65 provides some indication of the direction that regulations are likely to take in several aspects...

  • Retrospectively Rated Policies: Are They Insurance or Self-Funding? Pine, Sidney R.; Wright, P. Bruce // Risk Management (00355593);Sep85, Vol. 32 Issue 9, p16 

    This article discusses some legal considerations on the use of restrospectively rated policies under the U.S. insurance framework. For many years, insureds have used retrospectively rated policies to reduce their insurance costs while obtaining a federal income tax deduction. Traditionally,...

  • Specific Deduction Areas: Part 1. Sloan, Chuck // Back Stage East;2/21/2008, Vol. 49 Issue 8, p8 

    The article presents suggestions for U.S. actors on how to document the expenses that can be deducted from their tax. It recommends that actors might include their postage expenses under advertising and publicity or under office supplies. It asks actors to keep the original receipt to document...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics