by Tabitha Regan, CPA | Dec 3, 2021 | Individual Tax
As we wrap up 2021, it’s important to take a closer look at your tax plans. This year likely brought challenges and disruptions that significantly impacted your personal and financial situation –– a continued global pandemic, several significant natural disasters, new...
by Tabitha Regan, CPA | Oct 15, 2021 | Individual Tax, Tax Planning
Capital gains are the profits realized from the sale of capital assets such as stocks, bonds, and property. The capital gains tax is triggered only when an asset is sold, not while the asset is held by an investor. However, mutual fund investors could be charged...
by Tabitha Regan, CPA | Oct 1, 2021 | Individual Tax
The real estate market has been buzzing with many homeowners realizing substantial gains from the sale of their home. But do those great sales proceeds come with tax consequences? Read on to learn about gain on your primary residence and if you could qualify for the...
by Tabitha Regan, CPA | Sep 10, 2021 | Individual Tax
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons including to stimulate employment, and to stimulate certain...
by Tabitha Regan, CPA | Sep 3, 2021 | Individual Tax
If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property you own when you die (i.e., your estate) may also be subject to federal gift and estate tax and some...
by Tabitha Regan, CPA | Aug 20, 2021 | Individual Tax
If you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of the corporation at a fixed price at some future date so that you can benefit from your commitment to the success of the company...
