Fiducial Blog – Page 95

MARGINAL TAX RATE

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January 23, 2015

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

ARE YOU REQUIRED TO FILE 1099S?

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January 22, 2015

Article Highlights: 1099-MISC Filing Requirements Independent…

MUNICIPAL BOND INTEREST

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January 22, 2015

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

MODIFIED ADJUSTED GROSS INCOME

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January 22, 2015

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

PASSIVE ACTIVITY LOSS

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January 21, 2015

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

ORIGINAL ISSUE DISCOUNT (OID)

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January 21, 2015

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

WORKING ABROAD CAN YIELD TAX-FREE INCOME

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January 20, 2015

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

ADOPTION CREDIT

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January 20, 2015

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

POINTS

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January 20, 2015

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

PRINCIPAL RESIDENCE

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January 19, 2015

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

PRIVATE ACTIVITY BOND

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January 18, 2015

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

QUALIFIED PLAN

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January 17, 2015

This term refers to retirement and employment benefit plans that…

RECAPTURE

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January 16, 2015

Is to include as income or as additional tax in the return an…

TAKE ADVANTAGE OF EDUCATION TAX BENEFITS

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January 15, 2015

Article Highlights: Student loans Gifting low basis assets …

ROLLOVER

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January 15, 2015

A rollover is a tax-free withdrawal of cash or other assets from…

SECTION 179 DEDUCTION

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January 14, 2015

This refers to a section of the Internal Revenue Code that permits…