Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?

Does Mark Zuckerberg Not Recognize A Tax Benefit From His Initiative?
With Mark Zuckerberg following Bill Gates’ lead by donating mountains of cash to humanitarian efforts, we’re entering a new era of The Gospel of Wealth, though with slightly less condescension than found in Andrew Carnegie’s famous essay. Good for them. If you want to use your money to help your fellow beings, more power to you. ...

Figuring Out Taxes On Home Sales

Figuring Out Taxes On Home Sales
(This is part of a series looking at various common 1040 questions. To go back to the summary page, click here) For generations, the American Dream has meant a spouse, two kids, a dog, and a house with a white picket fence. But happens when you need to sell part of that dream (The house part! I ...

Tax Implications of Selling a Business – Sole Proprietorship

Tax Implications of Selling a Business - Sole Proprietorship
(NOTE: This is a continuation of a case study looking into tax implications of starting up a small business. Click here to go back to the start) Sole proprietorships are about as easy to set up as a couch–you choose where you want to do business, and you’re good to go. Selling the sole proprietorship is more like ...

Some thoughts on Romney’s taxes

Some thoughts on Romney's taxes
Much hoopla has been made and probably will continue to be made about Romney’s recently released tax return. Strong opinions, informed and otherwise, litter the web. Of course someone is always wrong on the internet, but let’s chat a little. I’m not here to say whether his return is right or wrong, either technically (I’ll ...