Back in 1956, the IRS issued Revenue Ruling 56-11. It spelled out the agency’s guidelines for persons who attend stockholders' meetings of companies in which they own stock but have no other interest.
The Taxpayer Relief Act of 1997 has changed the way we look at the investment landscape. The wise way to invest is to keep taxes in the back of your mind so when it comes time to pay them, you don't kick yourself for ignoring them...more
Being classified as a trader by the IRS's definition as opposed to an investor can save you a lot of money come tax time. But what exactly distinguishes a trader from an investor?..moreInvestment Seminars: deductibility of travel expenses
Investors cannot deduct costs they incur when attending conventions, seminars, or similar meetings at which they obtain information that helps them plot strategies but ...
All you investors out there, take heed! There are many investment related expenses that can be deducted from your taxes that people commonly overlook or forget about. You need to know what they are!• Understanding Capital Gains Tax Rates
A hot area of interest for investors when it comes to tax time is capital gains tax rates. This article will help you figure the rate out for your tax bracket and includes some helpful advise on how to lessen your tax load.• Tax Treatment of Mutual Funds
A mutual fund is in essence a way for investors to pool their money together for investment purposes. Although you can make deposits as well as withdrawals from a mutual fund, it is a mistake to look at it as a glorified bank account.
The IRS knows that the only way they will make money is if you make money. They offer numerous deductions and credits to help you invest and reinvest your income. But what happens if your investments lose money for you? Find out why it may not be as bad as it seems• Mutual Fund Terminology
Any distribution of money you receive from a mutual fund is usually a capital gain distribution, an exempt interest dividend, nontaxable return of capital, or an ordinary dividend. Learn what each term means and what it may mean to your tax bill!• Making Tax-Free Investments
All those investors out there know that come tax time, those investments you have made can all of a sudden become a painful reality. We have a few tips for actually saving taxes while investing.• Not Paying Too Much in Taxes on Stock Trades
For someone who actively trades stocks, record keeping is essential. It could mean the difference between making money or losing a whole lot of it when it comes time to reporting your taxes. Check out what the IRS is most interested in.• Tax Credit for Foreign Taxes on Overseas Investments
Depending on the amount of money you spent on overseas investments, you may or may not have to include Form 1116 with your tax return. Find out more!• Foreign Investments in the US
Although there are no substantial restrictions imposed by the federal government on foreign investments in the US, a few industries do impose restrictions. These industries are those that involve...• Deducting Investment Costs
Whether you are a part-time investor with a full-time job outside of investing, a part-time investor who is self-employed and works in your home or an active investor with no other job, you may be able to deduct costs associated with investing.• Cost of Your Home Computer can Offset Your Taxes When Used for Investing
As the use of the computers has increased in managing our daily lives, so have the tax deductions for buying one. Depending on the use that you put your computer to for investment purposes, the cost of the machine may be written off. Find out how here!• Figuring out Your Capital Gains on Stock Sales
There are three methods available to investors when it comes time to figure out your capital gains for stock and mutual funds come tax season. The better your record-keeping, the better.