Taxes - 360 Degrees of Financial Literacy https://www.360financialliteracy.org/index.php/Topics/Taxes en-US CPA https://www.360financialliteracy.org/index.php/Topics/Taxes/CPA https://www.360financialliteracy.org/index.php/Topics/Taxes/CPA Information about CPAs and how to locate a CPA in your state.

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Mon, 08 Feb 2016 15:10:53 EST
Fall Into Year-End Tax Deductions https://www.360financialliteracy.org/index.php/Topics/Taxes/Tax-Deductions-and-Credits/Fall-Into-Year-End-Tax-Deductions https://www.360financialliteracy.org/index.php/Topics/Taxes/Tax-Deductions-and-Credits/Fall-Into-Year-End-Tax-Deductions Read More »

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Wed, 30 Sep 2015 11:31:06 EDT
Estate Planning and Income Tax Basis https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/Estate-Planning-and-Income-Tax-Basis https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/Estate-Planning-and-Income-Tax-Basis Income tax basis can be important when deciding whether to make gifts now or transfer property at your death. This is because the income tax basis of the person receiving the property depends on whether the transfer is by gift or at death. This, in turn, affects the amount of taxable gain subject to income tax when the person sells the property.

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Wed, 16 Oct 2013 11:37:40 EDT
Speculating on the Future of the Federal Estate Tax https://www.360financialliteracy.org/index.php/Topics/Recent-Legislation/Tax/Speculating-on-the-Future-of-the-Federal-Estate-Tax https://www.360financialliteracy.org/index.php/Topics/Recent-Legislation/Tax/Speculating-on-the-Future-of-the-Federal-Estate-Tax What's the future of the federal estate tax? All we know is that no one knows for sure; it's all speculation. So, let's take a look at what could happen. There are five possibilities: (1) Congress could extend current tax law (commonly referred to as the "Bush tax cuts"); (2) Congress could do nothing, essentially turning the calendar back to 2001; (3) Congress could compromise, agreeing on something between the 2001 tax rules and the rules that apply in 2012; (4) Congress could enact new estate tax reform; or (5) Congress could repeal the estate tax altogether.

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Tue, 07 Aug 2012 14:14:42 EDT
Gift Tax Strategies https://www.360financialliteracy.org/index.php/Topics/Taxes/Tax-Deductions-and-Credits/Gift-Tax-Strategies https://www.360financialliteracy.org/index.php/Topics/Taxes/Tax-Deductions-and-Credits/Gift-Tax-Strategies Now may be a great time to make gifts that take advantage of the current large gift tax applicable exclusion amount, low gift tax rates, depressed property values, and low interest rates. The first gifts you consider should generally be annual exclusion and qualified transfer gifts.

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Wed, 14 Dec 2011 11:41:46 EST
I'm retiring to a state with no income tax. Can my former state tax my retirement benefits? https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/I-m-retiring-to-a-state-with-no-income-tax.-Can-my-former-state-tax-my-retirement-benefits https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/I-m-retiring-to-a-state-with-no-income-tax.-Can-my-former-state-tax-my-retirement-benefits Read the Answer »

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Thu, 13 Oct 2011 12:22:38 EDT
I'm buying a laptop online--will I have to pay sales tax? https://www.360financialliteracy.org/index.php/Topics/Taxes/Paying-Taxes/I-m-buying-a-laptop-online-will-I-have-to-pay-sales-tax https://www.360financialliteracy.org/index.php/Topics/Taxes/Paying-Taxes/I-m-buying-a-laptop-online-will-I-have-to-pay-sales-tax Read the Answer »

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Thu, 11 Aug 2011 15:50:23 EDT
What penalties and interest will I be charged for paying and filing my federal income taxes late? https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/What-penalties-and-interest-will-I-be-charged-for-paying-and-filing-my-federal-income-taxes-late https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/What-penalties-and-interest-will-I-be-charged-for-paying-and-filing-my-federal-income-taxes-late Read the Answer »

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Fri, 22 Jul 2011 02:37:20 EDT
I just made a gift. Do I have to file a gift tax return? https://www.360financialliteracy.org/index.php/Topics/Taxes/Paying-Taxes/I-just-made-a-gift.-Do-I-have-to-file-a-gift-tax-return https://www.360financialliteracy.org/index.php/Topics/Taxes/Paying-Taxes/I-just-made-a-gift.-Do-I-have-to-file-a-gift-tax-return Read the Answer »

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Fri, 22 Jul 2011 01:41:55 EDT
I received a state tax refund last year. Must I include that amount as income on my federal return this year? https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/I-received-a-state-tax-refund-last-year.-Must-I-include-that-amount-as-income-on-my-federal-return-this-year https://www.360financialliteracy.org/index.php/Topics/Taxes/Income-Tax/I-received-a-state-tax-refund-last-year.-Must-I-include-that-amount-as-income-on-my-federal-return-this-year Read the Answer »

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Fri, 22 Jul 2011 01:41:50 EDT