The Greenhornet Blog- February 2013

Raymond D. Nations, EA, has been preparing taxes for over 30 years and is widely known as a brilliant tax resource throughout the Liberty Tax Service offices in Virginia.  Ray’s written work about tax planning has been published throughout newspapers the Hampton Roads area. 

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Information on puts, calls, straddles.  Liberty Tax Service's Raymond D. Nations, EA, covers this topic in depth.

Posted To: The Greenhornet Blog
By: The Greenhornet Blog on 2/22/2013 03:10:20 PM

Reporting Capital Gains and Losses

Reporting capital gains and losses can be a little tricky, depending on what type of property you have sold, how long you kept it, and whether or not you received all of the proceeds in the year of sale or not. 

Posted To: The Greenhornet Blog
By: The Greenhornet Blog on 2/21/2013 01:24:17 PM

Earned Income Tax Credit

Let’s talk about Earned Income Tax Credit (EITC) for a few moments, shall we?  The EITC has been around for some 30 years, with its roots beginning back in the first Reagan term.  IRS Pub 596 has a wealth of information on the subject (may be even a little more than you really wanted to know!).  This is the most common “refundable” credit, meaning the taxpayer may get a refund regardless of their tax liability.  To qualify, the first thing is the taxpayer must have “earned” income.  We call that “sweat-of-the-brow” income – this is income that you WORKED for!  

Posted To: The Greenhornet Blog
By: Lauryn on 2/8/2013 12:34:04 PM

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