Lady in winter setting, explaining capital gains tax

Capital Gains and Losses

10 Helpful Facts to Know When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here…
Lauren, Sue Morgan and Mary at Cook and Company Tax Advisors on February 22, 2017

In Memory of Joel Morgan

Sue Morgan was in the office this afternoon for her annual tax appointment. This was her 55th year coming to us! That’s right. Joel and Sue have been clients of this firm since 1962! Sue lost Joel last December and…
Retired grandmother in hammock

Important Tax Info for Seniors and Retirees

Required Minimum Distributions (RMDs) You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. Roth IRAs do not…
Tax accountant remind

Change in Partnership Due Date

IMPORTANT REMINDER – Partnership returns (Form 1065 & K-1s) are due March 15th this year, NOT April 15th as in the past. A partnership is the relationship existing between two or more persons who join to carry on a trade…
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