by Stapley Accounting | Mar 23, 2023 | Uncategorized
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that apply when a stock you own is sold at a loss or... by Stapley Accounting | Mar 16, 2023 | Uncategorized
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be able to claim once your... by Stapley Accounting | Mar 13, 2023 | Uncategorized
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule. The loss could be disallowed Under this rule, if you sell stock or securities for a loss and buy... by Stapley Accounting | Mar 9, 2023 | Uncategorized
The IRS announced it opened the 2023 individual income tax return filing season on January 23. That’s when the agency began accepting and processing 2022 tax year returns. Even if you typically don’t file until much closer to the mid-April deadline (or you file for an... by Stapley Accounting | Mar 8, 2023 | Uncategorized, Tips
With unemployment hitting record lows, many employers are struggling to fill key positions in their organizations. If you’re dealing with just such a problem, remember that hiring isn’t the only way to find skilled workers — there’s also outsourcing. And if it’s jobs...
