Taxes on Capital Gains from Mary Moore, C.P.A

When you invest in stocks, bonds and other capital assets, you may also owe capital gains taxes on the profits from the sale of those investments. Generally, if you sell an asset at a higher price than what you paid, you earn a capital gain. If you sell at a lower...

Tax Audits & Penalties from Mary Moore, C.P.A

For the 12 months ended September 30th, 2006, the IRS received nearly 133.9 million individual income tax returns with tax payments of over $1.236 trillion from individuals, according to the Internal Revenue Service Data Book 2006. Of the 132.2 million individual...

Who Must File A Tax Return? from Mary Moore. C.P.A.

The IRS requires most of us to file a federal income tax return every year. In general, the federal tax agency bases its filing requirements for a given tax year on how much income you earn for a given tax filing status. The five tax filing statuses are single,...

Book Review: Where the Jewels Are by Diana Symons

I just finished reading a precious children’s book called: Where the Jewels Are. This book, perfect for girls ages 6-11 is about a Princess on a journey to a far away land to find the perfect jewel. On her journey she discovers that jewels can be found in any...

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