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Taxation Of Exchange Swap Fund Capital Gains
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Book Synopsis Taxation of Exchange (swap) Fund Capital Gains by : United States. Congress. House. Committee on Ways and Means
Download or read book Taxation of Exchange (swap) Fund Capital Gains written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxation of Exchange (SWAP) Fund Capital Gains by : United States. Congress. House. Committee on Ways and Means
Download or read book Taxation of Exchange (SWAP) Fund Capital Gains written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Joint Committee on Internal Revenue Taxation Publisher : ISBN 13 : Total Pages :20 pages Book Rating :4.:/5 (327 download)
Book Synopsis Tax Treatment of Partnership Exchange Funds and Mergers of Investment Companies by : United States. Congress. Joint Committee on Internal Revenue Taxation
Download or read book Tax Treatment of Partnership Exchange Funds and Mergers of Investment Companies written by United States. Congress. Joint Committee on Internal Revenue Taxation and published by . This book was released on 1976 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxation of exchange (SWAP) fund capital gains by : United States. Congress. House. Committee on Ways and Means
Download or read book Taxation of exchange (SWAP) fund capital gains written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "H.R. 11920 provides that gain realized on a transfer of appreciated stock (or other property) to certain investment companies, in exchange for an interest in a fund, is to be taxable at the time of the exchange. In these cases, the investment company (popularly known as an exchange fund or swap fund) is operated in the form of a partnership in which the various transferors achieve a diversification of their stock or property interests as a result of all exchanges with the fund. The bill also covers two other swap-fund-type transfers: first, it would make mergers of two Investment companies taxable; and, second, it would cover certain reorganizations, such as where mutual funds issue their shares to acquire all of the stock or assets of family-held personal holding companies. The provisions of the bill apply to transfers made after February 17, 1976, in taxable years ending after that date"--Page 1.
Book Synopsis TAXATION OF EXCHANGE (SWAP) FUND CAPITAL GAINS by : United States. Congress. House. Committee on Ways and Means
Download or read book TAXATION OF EXCHANGE (SWAP) FUND CAPITAL GAINS written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis TAXATION OF EXCHANGE (SWAP) FUND CAPITAL GAINS by : United States. Congress. House. Committee on Ways and Means
Download or read book TAXATION OF EXCHANGE (SWAP) FUND CAPITAL GAINS written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: "H.R. 11920 provides that gain realized on a transfer of appreciated stock (or other property) to certain investment companies, in exchange for an interest in a fund, is to be taxable at the time of the exchange. In these cases, the investment company (popularly known as an exchange fund or swap fund) is operated in the form of a partnership in which the various transferors achieve a diversification of their stock or property interests as a result of all exchanges with the fund. The bill also covers two other swap-fund-type transfers: first, it would make mergers of two Investment companies taxable; and, second, it would cover certain reorganizations, such as where mutual funds issue their shares to acquire all of the stock or assets of family-held personal holding companies. The provisions of the bill apply to transfers made after February 17, 1976, in taxable years ending after that date"--Page 1.
Book Synopsis Capital Gains, Minimal Taxes by : Kaye A. Thomas
Download or read book Capital Gains, Minimal Taxes written by Kaye A. Thomas and published by Fairmark Press Inc.. This book was released on 2004 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete, authoritative guide to taxation of stocks, mutual funds and market-traded stock options.
Book Synopsis Use of Exchange Funds to Escape Income Taxes on Realized Capital Gains by : United States. Congress. House. Committee on Ways and Means
Download or read book Use of Exchange Funds to Escape Income Taxes on Realized Capital Gains written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxation of Exchange (swap) Fund Capital Gains by : United States. Congress. House. Committee on Ways and Means
Download or read book Taxation of Exchange (swap) Fund Capital Gains written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1976 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Traded Funds by : James M. Poterba
Download or read book Exchange Traded Funds written by James M. Poterba and published by . This book was released on 2002 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange traded funds (ETFs) are a new variety of mutual fund that first became available in 1993. ETFs have grown rapidly and now hold nearly $80 billion in assets. ETFs are sometimes described as more "tax efficient" than traditional equity mutual funds, since in recent years, some large ETFs have made smaller distributions of realized and taxable capital gains than most mutual funds. This paper provides an introduction to the operation of exchange traded funds. It also compares the pre-tax and post-tax returns on the largest ETF, the SPDR trust that invests in the S & P500, with the returns on the largest equity index fund, the Vanguard Index 500. The results suggest that between 1994 and 2000, the before- and after-tax returns on the SPDR trust and this mutual fund were very similar. Both the after-tax and the pre-tax returns on the fund were slightly greater than those on the ETF. These findings suggest that ETFs offer taxable investors a method of holding broad baskets of stocks that deliver returns comparable to those of low-cost index funds. Keywords: Mutual funds, capital gains taxes, and exchange traded funds. JEL Classification: G23, H24
Book Synopsis Journal of Taxation of Investments by :
Download or read book Journal of Taxation of Investments written by and published by . This book was released on 1997 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781976348662 Total Pages :52 pages Book Rating :4.3/5 (486 download)
Book Synopsis Capital Gains Tax Gap by : United States Government Accountability Office
Download or read book Capital Gains Tax Gap written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: For tax year 2001, the Internal Revenue Service (IRS) estimated a tax gap of at least $11 billion from individual taxpayers misreporting income from capital assets (generally those owned for investment or personal purposes). IRS did not estimate the portion of this gap from securities (e.g., stocks, bonds, and mutual fund capital gains distributions). GAO was asked for information on (1) the extent and types of noncompliance for individual taxpayers that misreport securities capital gains, (2) actions IRS takes to reduce the securities tax gap, and (3) options with the potential to improve taxpayer voluntary compliance and IRS's ability to address noncompliant taxpayers. For estimates of noncompliance, GAO analyzed a probability sample of examination cases for tax year 2001 from the most recent IRS study of individual tax compliance. GAO estimates that 38 percent of individual taxpayers with securities transactions misreported their capital gains or losses in tax year 2001. A greater estimated percentage of taxpayers misreported gains or losses from securities sales (36 percent) than capital gain distributions from mutual funds (13 percent). This may be because taxpayers must determine the taxable portion of securities sales' income whereas they need only add up their capital gain distributions. Among individual taxpayers who misreported securities sales, roughly two-thirds underreported and roughly one-third overreported. Furthermore, about half of these taxpayers who misreported failed to accurately report the securities' cost, or basis, sometimes because they did not know the basis or failed to adjust the basis appropriately. IRS attempts to reduce the securities' tax gap through enforcement and taxpayer service programs, but challenges limit their impact. Through enforcement programs, IRS contacts taxpayers who may have misreported capital gains or losses and seeks to secure the correct tax amount. IRS also offers services to help taxpayers comply with capital gains tax obligations, such as guidance on how to determine securities' gains and losses. Challenges that limit these programs' impact include the lack of information on basis, which IRS needs to verify most gains and losses, and uncertainty as to whether taxpayers use or understand the guidance. Expanding the information brokers report on securities sales to include adjusted cost basis has the potential to improve taxpayers' compliance and help IRS find noncompliant taxpayers. IRS research shows that taxpayers report their income much more accurately when it is reported to them and IRS. Basis reporting also would reduce taxpayers' burden. For IRS, basis reporting would provide information to verify securities gains or losses and to better target enforcement resources on noncompliant taxpayers. However, basis reporting would raise challenges that would need to be addressed. For instance, brokers would incur costs and burdens-even as taxpayers' costs and burdens decrease somewhat-and many issues would arise about how to calculate adjusted basis, which securities would be covered, and how information would be transferred among brokers. However, industry representatives said that many brokers already provide some basis information to many of their clients and some use an existing system to track and transfer basis and other information about securities. Many of the challenges to implementing basis reporting also could be mitigated. For example, many of the challenges could be addressed by only requiring adjusted basis reporting for future purchases, and by developing consistent rules to be used by all brokers. To the extent that actions to mitigate the challenges to basis reporting delay its implementation or limit coverage to only certain types of securities, the resulting improvements to taxpayers' voluntary reporting compliance would be somewhat constrained.
Book Synopsis Taxation of Securities Transactions by : Joseph F. Gelband
Download or read book Taxation of Securities Transactions written by Joseph F. Gelband and published by . This book was released on 1961 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Taxation of Mutual Fund Investors by : Jason J. Fichtner
Download or read book The Taxation of Mutual Fund Investors written by Jason J. Fichtner and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to increase personal saving and investment and to promote tax neutrality among various investment vehicles, the tax treatment of capital gains unrealized by mutual fund shareholders should be modified. The current policy of taxing mutual fund capital gain distributions unfairly discriminates against taxpayers seeking the investment benefits of diversification through mutual funds instead of through direct ownership of stocks. Therefore, the practice of taxing forced distributions of capital gains to mutual fund shareholders should be changed to allow for a deferral of taxation on reinvested capital gain distributions. Until shareholders realize a capital gain through the sale of an asset, no tax liability should incur. Since mutual funds are a popular vehicle for saving and investment of middle-income households, this tax reform would greatly increase the incentives for these people to invest and save for their future by increasing their after-tax rate of return. A tax deferral on mutual fund capital gain distributions as proposed in H.R. 168, sponsored by Rep. Jim Saxton (R-NJ), could increase the after-tax return by almost 15 percent over a 30-year period for many mutual fund shareholders. For a hypothetical taxpayer with an initial $10,000 investment in a mutual fund that returns 10 percent a year, the deferral on capital gain distributions as proposed in H.R. 168 would amount to $15,055 over a 30-year period after taxes. This amounts to approximately 150 percent of the original $10,000 investment. A change in the tax treatment of mutual funds would have a beneficial impact on all owners of mutual funds, but the benefits would primarily help those making less than $100,000 a year - 81% of households owning mutual funds, with 39% of households owning mutual funds earning less than $50,000 a year. A deferral mechanism, as proposed under H.R. 168, is relatively simple and would not result in a significant paperwork burden for mutual funds or their shareholders.
Book Synopsis Tax Efficient Foreign Exchange Management by : John F. Chown
Download or read book Tax Efficient Foreign Exchange Management written by John F. Chown and published by . This book was released on 1990 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical book is written by an internationally renowned expert, who guides the reader through the pitfalls, explaining clearly and concisely the foreign exchange consequences of trading transactions, how to cover longer-term exposures, the tax treatment of interest, the problems caused by the rapidly developing financial instruments which outplace tax legislation and the opportunities to be exploited. The United Kingdom, the United States and Canada are given special coverage highlighting their tax issues as are individual countries from continental Europe, Australasia and the Far East. "Tax Efficient Foreign Exchange Management "will be invaluable reading for all finance directors, treasurers, corporate planners, bankers, accountants, tax practitioners, lawyers and anyone concerned with managing foreign exchange transactions tax efficiently.
Book Synopsis Green's 2021 Trader Tax Guide by : Robert A. Green
Download or read book Green's 2021 Trader Tax Guide written by Robert A. Green and published by . This book was released on 2021-01-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Use Green's 2021 Trader Tax Guide to receive every trader tax break you're entitled to on your 2020 tax returns. Our 2021 guide covers the 2017 Tax Cuts and Jobs Act and the 2020 CARES Act's impact on investors, traders, and investment managers. Learn various smart moves to make in 2021. Whether you self-prepare your tax returns or engage a CPA firm, this guide can help you through the process of optimizing your tax savings. Even though it may be too late for some tax breaks on 2020 tax returns, you can still use this guide to execute these tax strategies and elections for tax-year 2021.The 18 chapters cover trader tax status, Section 475 MTM, tax treatment (equities, 1256 contracts, options, ETFs, ETNs, forex, precious metals, cryptocurrencies, etc.), accounting for trading gains and losses, trading business expenses, tips for preparing tax returns, tax planning, entity solutions, retirement plan strategies, IRS and state tax controversy, traders in tax court, proprietary trading, investment management, international tax, Obamacare taxes, short selling, the Tax Cuts and Jobs Act, and the CARES Act.
Book Synopsis The Overtaxed Investor by : Phil Demuth
Download or read book The Overtaxed Investor written by Phil Demuth and published by Cwm LLC. This book was released on 2019-12-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxes Come First The 2017 Trump Tax Cuts and Jobs Act has lowered tax rates for the beleaguered American taxpayer. We live in a Golden Age of Taxes. The clock is ticking. The Trump tax cuts are slated to expire in 2025, while a regime change in Washington could undo them as early as 2021. Like grave robbers opening King Tut's tomb, Congress -- with no debate or public discussion -- plans to raid your retirement accounts for even more money under the so-called "SECURE" Act. Hang on to your wallet. Nationally recognized investment advisor Phil DeMuth decrypts the 73,954 pages of tax code to show you where the trip-wires lie. He offers simple rules of thumb to navigate the minefield, all in sparkling English. If you aren't playing the long game with your taxes now, you are sending a valentine to the U.S. Treasury every April 15 with a needlessly fat check attached. DeMuth shows how to safely pare your investment tax bill down to the legal minimum requirement. It adds up to a small fortune that would be better spent on your life, your family, and your retirement.
