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Tax Loss Harvesting

I've been known to use the expression, "Don't let the tax tail wag the investing dog." I stand by that remark. If you own a stock and it's time to sell since it no longer is a stock your own criteria would justify, by all means, sell it. Holding it for an extra month to [...]

TurboTax 2014 Marketing Mistake

Remember New Coke? Remember Qwikster? My Spidey senses tell me that Intuit's TurboTax product is about to have its own moment of marketing mishap. Now. As a tax nerd, I don't put my TurboTax on the shelf after I file my return. I open it regularly to plan my year. Since one of my goals [...]

A Mega Potato Round Up

It's that time of year again, graduation time. And that's why today's round up starts with The Most Important Piece of Financial Advice for College Graduates. I'm not going to spoil the punchline, but I will say, I agree with the article's advise, and college grad or not, you'll be a bit wiser for reading [...]

Stupid Tax Tricks

After I wrote The Step Transaction Doctrine at my companion site, RothMania, I received a number of emails asking about situations where this might apply. Here's an example of another disallowed series of transactions: A) A son and wife are in a high tax bracket. Enough so the AMT effect causes there long term capital [...]

The Tax Jungle

The tax code has gotten out of control, more than 70,000 pages. Some like to say that it's ten time the size of the Bible, although I tend to stay away from religion, and prefer to compare large books to War and Peace. My latest guest post at Turbo Tax might help you with a [...]

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