Taxes

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  1. From Barron’s, April 20, 2015 (Part 1)

    Commentary

    Sat, 18 Apr 2015

    notes that tax filing software makes filing tax returns easier and error-free. More than of the IRS audits are for those with $5 million in adjusted ..... because they know that everyone cheats on taxes . All links mentioned are open today.

  2. M*'s ATT Shakey Div article 4/17

    Commentary

    Fri, 17 Apr 2015

    the sky. Needless to say I hold a way to many shares but got addicted to the dividends. I use some dividends for property taxes and living expenses etc and reinvest the remainder.After 30 plus years of splits and renames, Bell South to T and SBC to

  3. Funds Facing a Tax Overhang

    Video Reports

    Fri, 17 Apr 2015

    from the standpoint of mutual fund capital gains taxes . Joining me to discuss this topic is Russ Kinnel ..... gain in it over the period that I held it, I pay taxes on that. I also pay taxes on income distributions, just as would be the case

    Taxes found at 0:10

    was a tough year from the standpoint of mutual fund capital gains taxes . Joining me to discuss this topic is Russ Kinnel--he is director of fund research for Morningstar. Russ, thank you so much for being here. Russ Kinnel: Good to be here. Benz: Russ, let's start by talking about how mutual fund taxation works. In some respects, it's just like if you held any other security--an individual stock, say. So, if I sell the security and I had a gain in it over the period that I held it, I pay taxes on that. I also pay taxes on income distributions, just as would be the case if I owned an individual bond or whatever. But let's talk about these capital gains taxes . These are the ones that investors don't exert a lot of control over. Let's talk about how they work and also why the past few years haven't been so great from the standpoint of these big capital gains payouts. Kinnel: The capital gains taxes are really the part in mutual funds where it's a little weird. It's unusual because funds are required to distribute their capital gains. So, if [their sales of stocks] have led to a profit, they distribute that capital gain to shareholders. And then shareholders, as of that capital gains date--usually it's one of the last few days of December--have to pay taxes on it the following April. What's unusual, though, is it doesn't matter what your own tax position is. So, someone who bought the fund, say, Dec. 1, 2014 gets the same tax bill as someone who bought it 20 years ago and actually built up much more capital gains. So, it's a really weird quirk and, as you say, you don't really have much control over it. Once you are a shareholder on the date in which they pay that gain out, you're paying taxes on it. Benz: So, one of the funds that you highlighted in your recent issue of Morningstar FundInvestor , looking at the
  4. IRS seeks $3.2 billion from Samuel Wyly and his brother's estate

    Headlines

    Thu, 16 Apr 2015

    April 16 (Reuters) - The Internal Revenue Service is seeking to recoup $3.22 billion from Texas businessman Samuel Wyly and the estate of his late brother Charles Wyly, after the brothers allegedly...

  5. Estate Plan Pitfalls to Avoid

    Headlines

    Thu, 16 Apr 2015

    probate and perhaps even reducing estate taxes . Most people will still need a will ..... costs reasonable and potentially limiting taxes on your heirs. Let’s look at each of them ..... you intend while helping to reduce estate taxes ,” says Rosati. “Make sure you understand how all

  6. India signals won't intervene for now in foreign tax row

    Headlines

    Thu, 16 Apr 2015

    WASHINGTON, April 16 (Reuters) - Foreign investors should not look to the Indian government for now to provide relief from a ruling requiring them to pay taxes on years of previously untaxed capital gains, Indian Finance Minister Arun Jaitley said on Thursday.

  7. UPDATE 2-Germany should cut taxes , economic institutes say

    Headlines

    Thu, 16 Apr 2015

    BERLIN, April 16 (Reuters) - Germany should use its strong fiscal position to lower taxes , leading German, Swiss and Austrian economic institutes said on Thursday in a report commissioned by the...

  8. U.S. fast-food workers mark Tax Day demanding higher wages

    Headlines

    Thu, 16 Apr 2015

    NEW YORK (Reuters) - Fast-food workers rallied in U.S. cities on Wednesday to demand higher pay, using the April 15 deadline for filing tax returns to publicize their claim that they cannot survive on the hourly wages paid by many U.S. corporations.

  9. UPDATE 4-U.S. fast-food workers mark Tax Day demanding higher wages

    Headlines

    Wed, 15 Apr 2015

    NEW YORK, April 15 (Reuters) - Fast-food workers rallied in U.S. cities on Wednesday to demand higher pay, using the April 15 deadline for filing tax returns to publicize their claim that they cannot survive on the hourly wages paid by many U.S. corporations.

  10. U.S. fast-food workers mark Tax Day demanding higher wages

    Headlines

    Wed, 15 Apr 2015

    NEW YORK (Reuters) - Fast-food workers rallied in New York on Wednesday to demand higher pay, using the April 15 deadline for filing U.S. tax returns to publicize their claim that they cannot survive on the hourly wages paid by many U.S. corporations.

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