article thumbnail

The Tax Advantages To Investing In Oil And Gas Your CPA’s Probably Never Heard Of

YoungUpstarts

But chances are, your CPA hasn’t mentioned it. That’s because, like doctors, CPAs specialize. Short-term capital gains (assets held for sale or exchange for exactly one year or less) are taxed at your ordinary income tax rate, and long-term capital gains are taxed at either 0, 15 or 20 percent.

CPA 100
article thumbnail

With New 21 Percent Corporate Tax Rate, S-Corps Are Taking A Second Look At C-Corp Status

YoungUpstarts

A second limitation to the deduction comes in having to factor in the shareholders’ taxable income, less their capital gain income, multiplied by 20 percent. The alternative limitation allows you to add 25 percent of W-2 income, plus 2.5 Lance Christensen is a partner at Margolin, Winer & Evens LLP serving in the tax department.

Dividend 127
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do Nonprofit Organizations Need to Pay Taxes?

Board Effect

Do nonprofits pay taxes on capital gains on donations? If there’s any doubt, it’s time to get a financial specialist or CPA involved to avoid problems with the IRS or the tax-exempt status. What do nonprofits pay taxes on? Do nonprofits pay taxes on investment income? Do nonprofits pay taxes on dividends?

CPA 59
article thumbnail

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M. I am a CPA, down here certified in the great state of Texas and really just stoked to be here. That’s a little more complicated, because there can be dividends, interest or capital gains, and there’s different tax rates for those.

.Net 85