If investments you sold in 2019 lost money, you may find some solace in the IRS tax code. You can deduct certain losses from your taxable income called tax-loss harvesting when you understand the rules. Here they are briefly: TERMS DEFINED For starters, the IRS has separate tax rates for long-term investments … Read more
Ever wonder why people put some or all of their assets into trusts? Some affluent financial consumers use trusts for their estate tax advantages, but anyone can benefit from the privacy and control a trust can offer. Heres what you need to know. TWO BASIC TYPES There are dozens of different types of trusts, but … Read more
Its one thing to be thrifty if you own your own business, but youll need to open your company wallet if you want to grow your business. Here are some ways to find the working capital youll need. LOOK AHEAD You monitor your receivables regularly to make sure you have enough to reimburse for supplies, … Read more