Fiducial Blog – Page 90

LISTED PROPERTY

/

January 26, 2015

Certain assets such as cars, computers, cameras and video equipment,…

LIKE-KIND EXCHANGE

/

January 25, 2015

Section 1031 of the tax code allows a taxpayer to exchange like-kind…

SELF-EMPLOYMENT TAX

/

January 25, 2015

Employees pay Social Security and Medicare taxes (collectively…

LIMITED PARTNER

/

January 24, 2015

Is a partner whose participation in partnership activities is…

MARGINAL TAX RATE

/

January 23, 2015

Most think that marginal tax rate is synonymous with tax bracket.…

ARE YOU REQUIRED TO FILE 1099S?

/

January 22, 2015

Article Highlights: 1099-MISC Filing Requirements Independent…

MUNICIPAL BOND INTEREST

/

January 22, 2015

A term used for interest received on an obligation issued by…

MODIFIED ADJUSTED GROSS INCOME

/

January 22, 2015

Many tax deductions, adjustments and credits are phased out or…

PASSIVE ACTIVITY LOSS

/

January 21, 2015

In order to limit the tax benefits of tax shelters, the tax code…

ORIGINAL ISSUE DISCOUNT (OID)

/

January 21, 2015

Sometimes bonds are issued (sold) at a discount (thus the term…

WORKING ABROAD CAN YIELD TAX-FREE INCOME

/

January 20, 2015

Article Highlights: Tax-Free Income from Working Abroad Foreign…

ADOPTION CREDIT

/

January 20, 2015

Adoptive parents may be able to claim a dollar-for-dollar tax…

POINTS

/

January 20, 2015

In financing lingo, one point is equivalent to 1% of the loan…

PRINCIPAL RESIDENCE

/

January 19, 2015

A taxpayer can exclude up to $250,000 ($500,000 for married taxpayers)…

PRIVATE ACTIVITY BOND

/

January 18, 2015

Generally, interest from municipal bonds issued by a state or…

QUALIFIED PLAN

/

January 17, 2015

This term refers to retirement and employment benefit plans that…