You incur a capital gain when you sell an asset for a profit. This could be anything from land or a house to stocks and bonds. For investing purposes, you figure out your capital gains tax on the difference between your “basis” in the stock and the sales price. Basis is usually what you […]
Less than two months until tax day! It’s important to find out what changes the IRS makes each year to tax laws that may affect you before filing your taxes. Topics for new tax law changes for individuals for the 2005 tax year are:
* Charitable contributions
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For the fourth year in a row the American trade deficit has hit an all time high with numbers reaching $725.8 billion for 2005, a 17.5% increase over the 2004 deficit. This increase in the deficit is attributed to record numbers of oil, food, cars, and other consumer good imports. In addition, deficits […]
For filing taxes in general there is a lot of information, rules, codes, etc. to know about. And when you add trying to figure out how to incorporate your investment earnings and losses there’s even more you need to know. Below are a few links that may have information you can use when […]
A new stock exchange was launched today in Dubai, a growing trade hub of the United Arab Emirates. Operating under the symbol DIFX, the exchange will be the center point of the Dubai International Financial Center. “The DIFX promises world-class regulation and products such as futures and options that are unique in the […]
On Tuesday the NASD issued an alert regarding financial scams to all non-U.S. investors. These “sophisticated investment scams use phony “regulator” Web sites and fake broker identities to prey on investors unfamiliar with U.S. securities products, markets and regulations. These scams target individuals in countries such as Australia, New Zealand, South Africa and elsewhere, […]