Topic Summary: Learning From Oklahoma Homeowners who are interviewed after wild fires, tornadoes, earthquakes and other natural disasters all had the same comment: "I wish I had an inventory of everything in my home". The recent fires in California and the Oklahoma tornado should be a comp
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05/31/2013
NEXT IN OUR SERIES: MORTGAGE INTEREST DEDUCTION- USE IT OR NOT, BE AWARE Topic Summary: In the last edition we alerted you that Congress is laying the foundation for comprehensive tax reform. (article is below) Sure to be part of those conversations is the Mortgage Interest Deduction (MID) tha
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05/19/2013
BE PAINSTAKING IN TRACKING ONLINE TRADES You don't have to be a day trader to run into a potential tax trap awaiting investors who buy and sell stocks online. Many active traders don't know that every stock sale they make must be reported to the IRS - even if numerous trades are made each day. K
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05/15/2013
TRADE YOUR SPLIT STOCK FOR THE BEST TAX RESULT Specify the Shares You Want to Sell Assume that, a few months ago, you bought 2,000 shares of stock in a Company A for $10 a share. The company has just announced a two-for-one split. That means you now own 4,000 shares with a basis of $5 a share.
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05/12/2013
MORTGAGE INTEREST DEDUCTION FRONT AND CENTER IN CONGRESS Topic Summary: As part of the ongoing effort by House lawmakers to craft comprehensive tax reform legislation in 2013, the House Ways and Means Committee welcomed testimony from real estate industry executives and economists on the merits
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05/11/2013
CRUNCHING THE NUMBERS: WHAT'S THE SCORE? Topic Summary: Consumer Groups and Congress are advocating for consumers to receive a free credit score once per year. Also we review a popular credit checking site that we feel is worthy and gets "two thumbs up". On March 6, Senator Bernie Sanders fro
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05/04/2013