Source: http://thorgoodlaw.com/category/gains-losses/
Timestamp: 2017-07-23 14:42:08
Document Index: 695814722

Matched Legal Cases: ['§ 1231', '§ 165', '§267', '§ 267', '§267', '§ 267']

Gains & Losses | FREE Yourself from IRS Problems
Gains & Losses	President Trump’s 2005 Tax Returns – What It Tells UsPublished March 15, 2017 | By admin	President Trump’s 2005 Tax Return – What It Tells Us
This is a preview of President Trump’s 2005 Tax Returns – What It Tells Us. Read the full post (589 words, 1 image, estimated 2:21 mins reading time)	Posted in Alternative Minimum Tax (AMT), Audit, Bankruptcy, Business Expense, Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Deductions, Donald J. Trump, Form 1040, Gains & Losses, Income, Income Tax, Income Tax Return, Internal Revenue Code, News, Profits & Losses, Tax News | Tagged Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Tax, tax attorney, tax lawyer | Leave a comment	Jan Brady’s Capital Gain: Sells House (She Bought In 1969 For 55.3k) For 3.9 MillionPublished November 2, 2016 | By admin	Here’s the story of a middle child who made one heckuva investment! Eve Plumb, who played Jan Brady on the iconic 70s TV show, The Brady Bunch, recently sold her Malibu bungalow for $3.9 million. Ms. Plumb purchased the seaside property in 1969 for a mere $55,300, equivalent to approximately $360,000 in our present economy. Sure, it will be subject to tax as a long term capital gain, but it still made Marcia and Greg’s younger sister a rich gal.
This is a preview of Jan Brady’s Capital Gain: Sells House (She Bought In 1969 For 55.3k) For 3.9 Million. Read the full post (435 words, 1 image, estimated 1:44 mins reading time)	Posted in Capital Gains, Capital Losses, Gains & Losses, Long-Term Capital Gain | Tagged Jan Brady's Capital Gain: Sells House (She Bought In 1969 For 55.3k) For 3.9 Million | Leave a comment	Tax Issues for new Widows and WidowersPublished June 22, 2016 | By admin	It’s a traumatic experience to lose a spouse. While there is little that can be done to replace this physical and emotional loss, the Tax Code provides some relief for newly widowed taxpayers. Here is a summary of some of the tax breaks for the newly widowed:
This is a preview of Tax Issues for new Widows and Widowers. Read the full post (563 words, 1 image, estimated 2:15 mins reading time)	Posted in Capital Gains, Capital Losses, Death Benefits, Expenses Deductions, Filing Status, Gains & Losses, Home-Related Deductions, Income Exclusions, Income Tax, Interest Income, IRA, Medical Expenses, New York Estate Tax, Roth IRA, Roth Thrift Savings Plan, Social Security Benefits, Standard Deductions, Tax Credit, Taxable Gain | Tagged filing status, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, qualifying widow or widower, Roth IRA, stepped-up basis, Tax, tax attorney, tax lawyer, traditional IRA | Leave a comment	Ways To Reduce Taxes In RetirementPublished May 16, 2016 | By admin	Which retirement account, vehicle or venture is best? One thing is certain, diversity still carries the day when it comes to investments as different ones afford the most flexibility. The returns on different types of investments are treated differently by the tax code, which logically means that some get better tax treatment than others. Qualified dividends and capital gains, for example, are taxed at a lower rate than ordinary income, and thus are attractive investment options for retirement.
This is a preview of Ways To Reduce Taxes In Retirement. Read the full post (641 words, 1 image, estimated 2:34 mins reading time)	Posted in Estate Tax, Gains & Losses, Interest Income, IRA, Roth Thrift Savings Plan, Tax Credit | Tagged annuities, exchange-rated funds (ETFs), Lawyer, life insurance, low turnover funds, master limited partnerships (MLPs), municipal bond, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, real estate investment trusts (REITs), return of capital (ROC), Roth IRA, Tax, tax attorney, tax lawyer, traditional IRA | Leave a comment	Real Estate Loss Deduction for IndividualsPublished April 11, 2016 | By admin	In the last ten years, too many taxpayers have sold real estate at a loss. How does this type of loss ultimately affect the amount of taxes owed to the IRS? First, to accurately determine the amount of a loss from disposition, compare the property’s sale price to its tax basis. The tax basis is generally the original purchase price, plus the cost of improvements (but not expenses deducted as repairs and maintenance) less depreciation.
This is a preview of Real Estate Loss Deduction for Individuals. Read the full post (582 words, 1 image, estimated 2:20 mins reading time)	Posted in Audit, Business Expenses, Capital Gains, Capital Losses, Deductions, Form 1040, Gains & Losses, Income Tax, Representation | Tagged basis, capital gain, capital loss, deduction, I.R.C. § 1231, I.R.C. § 165, Lawyer, net operating loss (NOL), new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, passive activity losses (PALs), Tax, tax attorney, tax lawyer | Leave a comment	Losses, Expenses and Interest between Related Taxpayers – Know The (Tax) Code: 26 U.S.C. §267Published April 6, 2016 | By admin	Congress, aware that related parties could create fictitious tax losses lacking economic substance based upon the related parties continued enjoyment of the property subject to the loss, enacted § 267 of the Internal Revenue Code to disallow certain losses and deductions on transactions between related taxpayers.
This is a preview of Losses, Expenses and Interest between Related Taxpayers – Know The (Tax) Code: 26 U.S.C. §267. Read the full post (570 words, 1 image, estimated 2:17 mins reading time)	Posted in Business Expenses, Capital Losses, Corporate Tax, Deductions, Expenses Deductions, Form 1040, Gains & Losses, Income Tax, Interest Income, Ordinary and Necessary Expenses, Representation, Taxable Income | Tagged deductions, I.R.C. § 267, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, related parties, related taxpayers, Tax, tax attorney, tax lawyer | Leave a comment	Tax on Capital Gains and Losses, ExplainedPublished March 25, 2016 | By admin	A capital gain occurs when you transfer or sell a piece of property for more than its acquisition cost. To be more succinct, it’s the profit realized on the sale of a non-inventory asset. Capital gains are realized from the sale of all types of property, both real and personal such as investments and other traditional non-investment types of personal property. In the United States, with certain exceptions, individuals and corporations pay income tax on the net total of all their capital gains.
This is a preview of Tax on Capital Gains and Losses, Explained. Read the full post (734 words, 1 image, estimated 2:56 mins reading time)	Posted in Business Expenses, Capital Gains, Capital Losses, Deductions, Form 1040, Gains & Losses, Taxable Income | Tagged basis, capital gain, capital loss, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, real estate, Tax, tax attorney, tax lawyer | Leave a comment	Follow Us!