The W-2 form, the "Wage and Tax Statement," is an IRS form provided by the employer that reports the employee's income, the amount of taxes withheld from wages, benefits provided and other important information for the previous calendar year...
taxation
wash sale
Wash sale is defined as selling of an asset such as stocks or bonds on a loss and repurchasing of other stocks or bonds of substantially similar nature within a very short period of time frame. This method is often used to realize a loss, so...
write-off
A write-off means removing an asset from the books, especially as a loss or expense, while to “deduct” an item means to subtract it from gross income or adjusted gross income when calculating taxable income.
In personal-...