Welcome to our Blog. We will discuss each type of special here.
Today, I wanted to talk about the importance of documentation. Whether it is an item you bought and want to later resell, an investment, or an asset in which you have paid monies, there is always the potential for capital gains tax and in some cases Excise and/or Use tax, depending on your state. Keep all receipts and documents for investments so you can figure accurately whether or not you are making or losing money on items you collect, invest or use. For more information you can always visit www.irs.gov for a wealth of information. And that is what has me talking today...