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FGA Advisors
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Beware of “Wash Sales” When Selling Securities
Oct 2022
If you’re planning to sell stock or other securities at a loss to offset gains you realized earlier in the year, beware of the “wash sale” rule. It…
Offset Nursing Home Costs With Possible Tax Breaks
Sep 2022
If you have a parent entering a nursing home, taxes are probably the last thing on your mind. But you should know that several tax breaks may be…
When Is Employer-provided Life Insurance Taxable?
Aug 2022
If your employee benefits include group term life insurance paid by your employer, a portion of the premiums paid for the coverage may be taxable. Depending on the…
Using Alternative Energy For Business Can Bring Tax Benefits
Jul 2022
If you’re a business owner, you might be wondering if using alternative energy technologies in your company can help you manage energy costs and improve your bottom line.…
Deducting The Costs Of A Self-managed Portfolio
Jun 2022
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance and clerical support? Under the 2017 Tax Cuts and Jobs Act (TCJA), these…
Hiring Your Minor Children For Summer Jobs
May 2022
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save…
Could You Be Hit With The Trust Fund Recovery Penalty?
Apr 2022
There’s a harsh tax penalty that you could be personally responsible to pay if you own or manage a business with employees. It’s called the Trust Fund Recovery…
Slim Your 2021 Tax Bill By Fattening Your IRA
Mar 2022
If you didn’t get around to contributing to an IRA in 2021 and you’re looking for ways to lower your tax bill, you may still have an option.…