The Loss

Picking from what was discussed in the last blog, that when someone sells a property and/or an asset, there could be a gain on the sale, where one would pay taxes on (not on the selling price), and gain is…

Read More

Gambling with taxes

So you decided during 2014 you would take a nice holiday to a resort casino for some relaxation and enjoyment. While on holiday you part take in some gambling activities, (e.g. blackjack, the wheel of fortune, craps, poker, etc.), and…

Read More

Foreign Disclosures

So if a person is a United States citizen (or resident alien) and he/she own some investment-type assets and/or investment-type accounts outside the United States, which does not produce any interest, dividends, rental, and/or any other income stream, does this…

Read More
  • 1
  • 2