The "Wash Sale" Rule: Don't Let Losses Circle the Drain

Stock, mutual fund, and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the good news is that you may be able to harvest a tax-saving capital loss by selling the loser security. However, for federal income tax purposes, the wash sale rule could disallow your hoped-for tax loss.

What Tax Documents Can You Safely Shred? And Which Ones Should You Keep?

On Wednesday, May 7th, we celebrated Michele Scheidly's 34th anniversary!

Michele is an Administrative Assistant in our Admin Department. She oversees all facets of our time and billing system, including all invoice preparation, e-files all client tax returns, assists with proofreading of financial statements, and is a vital part of our Admin Team!



We are so grateful for her dedication, hard work, and loyalty over her 34 years with SCG!

On Monday, May 12th, we celebrated Kevin Gobeil's 12th anniversary!

He is a Principal at SCG and is a member of the leadership team of our Tax Department.

We thank Kevin for his continued dedication and expertise!