This year we have an odd situation with the 2010 tax filing deadline. Normally the filing deadline for 1040 personal tax returns is April 15th. If April 15th lands on a Saturday or Sunday, then the deadline for filing is bumped to the following Monday, either the 16th or 17th of April depending on the [...]
Category Archives: Tax Laws
2010 Tax Year End Review Time
December 6, 2010 – 9:48 am
Now is the time to review 2010 tax filing issues to make sure all is in order. If you have investments or other capital gains and losses, you want to see if you are in a net gain situation. If you are, perhaps there are some losses you could realize before year end in order [...]
2011 Tax Law Change Affecting Capital Gains and Losses
September 29, 2010 – 4:30 pm
One new 2011 tax law change affects capital gains and losses. It requires brokerage firms to report to the IRS the capital gain or loss whenever you sell a stock, bond or mutual fund. Sure, some of you are thinking “Thank God, because I sure don’t know!”. I can identify with that. But be advised [...]