2 results for tag: Capital Gains


2020 Last-Minute Year-End Tax Deductions for Existing Vehicles

It's the last week in November 2020 and it’s time to examine your existing Business and Personal (yes, Personal) Cars, SUVs, Trucks, and Vans for some profitable Year-End Business Tax Deductions. In this article, let’s first look at your prior and existing business vehicles that you or your pass-through business owns. Then, we will take a look at your personal vehicles as a possible source for a last-minute tax-saving deduction. Let's start with prior and existing business vehicles. Your first step is to identify your gain or loss on a sale. Once you have or know what the gain or loss is, know these basic rules: Gains attributable ...

Tax Series: Capital Gains and Tax Projection

It’s the middle of October 2017 and not only have we “just” completed our Company Retreat but a whole readjusting, reconnecting and reprioritizing our “Mindset” at Morris+D’Angelo as we prepare for 2018 and beyond with “Gusto”. Good things are around the corner at Morris+D’Angelo for sure. One of the Topics that have been at the top of my mind for a while that I wish to speak about is Tax Reform. This is the first of a series of articles in the coming months that address some of the issues and concerns that I have as a High-Level Financial Services Tax Professional. #1: Capital Gains and Tax Projection Yes, helping reduce ...