Almost everything you own and use for personal or investment purposes is a capital asset. Capital assets include a home, vehicle, stocks and bonds. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss.
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- Written by Angela Bryson

Bryson Tax Tips: New Way to Report Capital Gain Sales
Reporting your stock, bond, mutual funds or other asset sales will be more of a headache this year. The IRS has modified the old Schedule D, Form 1040 and added a new Form 8979, "Sales and Other Dispositions of Capital Assets."
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- Written by Angela Bryson

Beware of Those Big Firms that Promise to Negotiate Tax Debt!
Thousands of people have responded to TaxMasters' television ads promising help with the IRS. The ad tells you to "just call the toll-free number for a free consultation with a tax consultant".
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- Written by Angela Bryson

The Hunt for Tax Revenue: IRS and States Increasing Audits
Businesses should not be surprised if they receive a tax audit letter in the mail in the upcoming months. Federal and State agencies are increasing audits in an effort to capture much needed tax revenue.