An excess profits tax is a special tax assessed on an entity beyond a specified amount of profit, usually exceeding what is deemed normal. An excess profits tax can be implemented to reduce income ...

Tax season can feel like a minefield for new and old filers alike. Whether you work with a professional or file on your own, landing on the exact number amount you owe Uncle Sam (and vice versa) ...

The capital gains tax is a tax on the net profit from the sale of an asset, such as a mutual fund or a home. You'll owe capital gains tax for an asset in the same tax year in which you sell that ...

Capital gains are the profits you get when you sell an asset. They can be subject to either short-term or long-term tax rates, depending on how long you owned the asset. Many, or all, of the ...