capital gain taxes

To help Americans and businesses struggling during this recession, lawmakers signed off on many tax changes that took effect for the 2009 tax season. One of the biggest was the American Recovery and Reinvestment Act, according to the Journal of Accountancy. Areas to pay attention to include the...

Many taxpayers think of capital gains as something restricted to Wall Street: buying and selling stocks and bonds. In reality, almost everything owned for investment purposes or personal use may be considered a capital asset for income-tax purposes. Common examples of capital assets include stocks...