Taxation

Investors normally do not associate tax-sensitive accounting with mutual funds. A big benefit to mutual funds comes from positive cash flows into the fund. With additional cash flows a mutual ... [full story]

If you know that the AMT is going to apply to you in current or coming years, it is possible to take advantage of certain situations. Too often a taxpayer ... [full story]

The Alternative Minimum Tax (AMT) was originally designed to prevent extremely wealthy individuals from skirting their income taxes. Unfortunately, the AMT has grown into a tax trap that haunts millions ... [full story]

A tax deferred is a tax saved. Tax deferral works because the taxpayer earns a return on the amount that he or she otherwise would have sent to Uncle Sam ... [full story]

You begin earning Social Security Credits when you start working in a job that has Social Security benefits. Every year, your wages are posted on your record; those wages determine ... [full story]

A capital asset can be almost anything that is owned or used for personal purposes. If this capital asset is sold, the difference between the final sale price and the ... [full story]

A sales tax is a consumption tax that is typically assessed at the point of purchase (e.g. your local grocery store) on specific goods and services. It is considered to ... [full story]

Pure tax economists argue that a consumption tax is superior because it comes closest to attaining “temporal neutrality”. Although impossible to attain in reality, a tax would be considered to ... [full story]

Value-added tax, or VAT, is yet another possible tool that government officials have to raise tax revenues. This form of taxation started to become very popular in Western European countries ... [full story]

You can decide to make your home your primary place for business and be eligible for a home office deduction. In order to make this claim, you need to identify ... [full story]