Archive

06Aug2018

So Long To The Tax Deduction For Investment Expenses

    Article Highlights:   Itemized Deduction Net Investment Income Investment Interest Deduction Surtax on Net Investment Income Retirement Account Fees Under the new tax reform law, investment expenses are no longer deductible as a miscellaneous itemized deduction. This means, for example, that if you have an investment account and are paying fees to have
  • 6 Aug, 2018
  • Jacqueline Cran
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02Aug2018

How Long Should You Hold On To Old Tax Records?

    Article Highlights:   The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies of previously filed returns This is a common question: How long must taxpayers keep copies of their tax returns and supporting documents?
  • 2 Aug, 2018
  • Jacqueline Cran
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