Tax Tips & News | tax rate

Using Form 8814 & 8615 – Your Child’s Investment Income

2 minutes read

Taxable Children’s Income

Parents may not realize that there are tax rules that may affect their child’s investment income. The IRS offers the following four facts to help parents determine whether their child’s investment income will be taxed at the parents’ rate or the child’s rate.

Tax Tip: Do Your Yearend Capital Gains Tax Planning Now!

6 minutes read

When Should I Claim Losses & Gains?

By Benie Kent:

Lessons Learned From Mitt Romney’s Tax Return

8 minutes read

Republican candidate Mitt Romney recently bowed to pressure last week and released his 2010 tax return. What it showed is that Romney paid a little less than $3 million in taxes on $21.6 million of income. This equates to an affective tax rate of less than 14%–far below what the average taxpayer pays.

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Tax Tips & News: tax rate

Using Form 8814 & 8615 – Your Child’s Investment Income

Tax Tip: Do Your Yearend Capital Gains Tax Planning Now!

Lessons Learned From Mitt Romney’s Tax Return