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Tag Archive: "capital gains"

Bonus Payments Are Ordinary Income – Not Capital Gains

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December 2nd, 2013

The Tax Court issued the Dudek case today concerning whether upfront bonus payments received from an agreement to allow an oil and gas company to lease property is considered ordinary income or capital gains.  In the case, Mr. Dudek, a CPA (why are some CPAs more likely to go to tax court when they know […]

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Up to Ten Capital Gains Tax Rates for 2013!

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January 6th, 2013

After reviewing the various phase-outs of itemized deductions and personal exemptions based upon gross income plus the implementation of the new 3.8% investment surtax, for 2013 there now at least 10 different possbile maximum long-term capital gains and qualifying dividends tax rates.  The rates range from zero for that portion in the 10-15% tax bracket […]

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Help! What Is My Capital Gains Tax Rate?!

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January 2nd, 2013

We are continuing to digest the new tax bill (assuming President Obama signs it today).  One of the unique features in this tax bill is, that for many taxpayers, they will not accurately know their capital gains (or qualified dividends) tax rate until they prepare their tax return. In brief, we know the following for […]

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20%/33%/45%/59% – How Much Will Your Capital Gains Rate Go Up By?!

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November 12th, 2012

Assuming that the Bush Tax Cuts are not extended, we know that capital gains tax rates will increase in 2013.  The key question, is by how much.  Here is a brief recap of the increases: 20% – If you acquire property after December 31, 2000 and hold it for at least five years, your maximum […]

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