long-term capital gains – The Burns Firm – Advisors of Complex Financial Matters

Many Taxpayers Will Pay No Long-Term Gains and Dividends

December 27th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, IRS, long-term capital gains, Planning, tax, Tax planning, tax preparation, taxpayers, TCJA, The Burns Firm|

Do you have long-term capital gains or qualified dividends? If so, there's good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal [...]

Tax Planning for Investments Gets More Complicated

October 9th, 2018|Categories: Accounting, Burns Firm, Tax, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: business, CPA, dividends, investments, investors and tax planning, long-term capital gains, tax, tax deductioin, Tax planning, tax return, TCJA, The Burns Firm|

For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine [...]

Size of Charitable Deductions Depends on Many factors

March 8th, 2018|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2018 tax planning, Accounting, automobile, bunching donations, car, cash, cash donation, Charitable donation, Charity, deductions, Donations, expense, furniture, giving, IRS, long-term capital gains, ordinary income propeprty, personal property, Planning, tax, tax credits, Tax planning, tax preparation, tax return, TCJA, The Burns Firm, Vehicle|

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more [...]