02 / 20 / 12

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.

02 / 07 / 12

JK Harris, one of the nation's largest tax firms, has closed down and claimed bankruptcy, leaving over 5,000 active clients in need of help.

02 / 06 / 12

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."

02 / 03 / 12

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".

02 / 02 / 12

According to a recently released report from the Internal Revenue Service, more than 279,000 federal employees, including members of the miliary, owed appoximately $3.42 billion in unpaid taxes!

01 / 31 / 12

Bryson's Tax Tip Article was Featured in America's Premier Experts February Newsletter!!!

01 / 24 / 12

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.

01 / 19 / 12

Myth: The only charge the IRS could charge a person with that could possibly lead to jail time is tax evasion.

01 / 16 / 12

If you turned 70 ½ in 2011 you may be required to take a minimum payout from your IRA or company pension plan.

01 / 12 / 12

The Health Care and Education Reconciliation Act created two additional Medicare taxes for high income taxpayers starting after December 31, 2012.