Keep an Eye Out for IRS-Related Scams

Keep an Eye Out for IRS-Related Scams

The IRS warns that although scams are especially prevalent during tax season, they also take place throughout the year.1 As a result, it’s important to always be on the lookout for suspicious activity so that you don’t end up becoming the victim of a scam. One of the more common IRS scams involves phishing emails.…

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Breaking Down Clean Vehicle Tax Credits for Business Owners

Vehicle Tax Credits

If you own a business, you might be able to use one of these two new federal tax credits to help offset your cost to purchase certain clean vehicles (including electric, plug-in hybrid, and fuel cell vehicles). Both credits are nonrefundable if they exceed your tax liability, but an unused general business tax credit can…

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Tax-Loss Harvesting Offers Chance at Silver Lining

Tax-Loss Harvesting

Tax-Loss Harvesting Offers Chance at Silver LiningStock market downturns can be rough on your portfolio’s bottom line, but they may also offer the potential to reduce your tax liability and possibly buy shares at a discount. When an investment loses money, it’s often best to look beyond momentary price swings and hold it for the…

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