Taxes – Page 20 – sjpchicago.org

Can I claim a tax deduction for losses from a Ponzi scheme or investment fraud?

Can I claim a tax deduction for losses from a Ponzi scheme or investment fraud? You’ve found yourself in a devastating situation. You invested your hard-earned money in what seemed…

Taxes

What is the tax impact of receiving an inheritance from a foreign relative?

What is the tax impact of receiving an inheritance from a foreign relative? Receiving an inheritance from a foreign relative can be an exciting and potentially life-changing event. However, it’s…

Taxes

How are gains from the sale of business equipment or vehicles taxed?

How are gains from the sale of business equipment or vehicles taxed? So, you’ve decided to sell some of your business equipment or vehicles, but now you’re wondering how the…

Taxes

Can I deduct fees paid to a tax preparer on my tax return?

Can I deduct fees paid to a tax preparer on my tax return? Tax season can be a stressful time for many individuals and businesses alike. With complex tax laws…

Taxes

What is the tax treatment of rental income from a foreign property?

What is the tax treatment of rental income from a foreign property? So, you’ve decided to invest in a foreign property and earn rental income. That’s great! But before you…

Taxes

How does the tax system address income earned by non-profit organizations?

How Does the Tax System Address Income Earned by Non-Profit Organizations? Taxation is a complex and often confusing subject, and when it comes to the income earned by non-profit organizations,…

Taxes

Can I claim a tax deduction for contributions to a 529 college savings plan?

Can you claim a tax deduction for contributions to a 529 college savings plan? It’s a question that many parents and students ask when considering this popular investment option for…