Tax Basics For Investors Flagstaff AZ

A little bit of knowledge can go a long way towards minimizing the burden of taxes in your portfolio.

Kathryn A Munro
100 N ELDEN ST
FLAGSTAFF, AZ
Specialties
Tax, Probate, Trusts, Estate Planning
Education
University of Montana School of Law,University of Washington School of Law
State Licensing
Arizona

Dan R Morris
(888) 222-1328
1300 S MILTON RD
FLAGSTAFF, AZ
Specialties
Estate Planning, Guardianship, Elder Law, Business, LLC, Probate, Trusts, Partnership, Wills, Prenuptials, Power Of Attorney, Tax
Education
Arizona State University,University of Arizona
State Licensing
Arizona

Eliza Daley Read Law Office
(928) 773-0606
150 West Dale Avenue, Suite 5
Flagstaff, AZ

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Ronald V. Thomas
(602) 788-1395
3030 E. Cactus Rd.
Phoenix, AZ
Specialties
Family Law, Divorce, Bankruptcy
Secondary Specialties
Chapter 11, Foreclosures, Mediation/Alternative Dispute Resolution (ADR), Alimony/Palimony/Spousal Support, Living Together/Cohabitation, Chapter 13, Restraining Orders, Business Bankruptcy, Prenuptial & Postnuptial Agreements, Child Support, Custody/Visitation Rights, Creditor Harassment, Garnishments, Visitation, Delinquent Support Payments, Collections & Repossessions, Children's Rights, Credit Repair, Mediation/Alternative Dispute Resolution(ADR), Marriage, Custody, Uncontested Divorce
Education
Juris Doctor, Southwestern University School of Law, 1996
State Licensing
Arizona, Maryland, Massachusetts, and District of Columbia
Professional Memberships
National Association of Consumer Bankruptcy Attorneys.

Data Provided by:
Ilene L McCauley
(480) 296-2036
9777 N 91st Street Suite C-103
Scottsdale, AZ
Specialties
Tax, Estate Planning, Business
Education
DePaul University College of Law,Hofstra University School of Law
State Licensing
Arizona, Wisconsin

Robert W Warden
100 N ELDEN ST
FLAGSTAFF, AZ
Specialties
Litigation, Construction, Tax
Education
University of Arizona,Texas Western College,Texas Western College
State Licensing
Arizona

H&R Block
(928) 774-4973
2700 S WOODLANDS blvdSTE 420
FLAGSTAFF, AZ

Data Provided by:
Michael Gregory Galloway
(602) 248-9652
1 E. Camelback Road, Suite 550
Phoenix, AZ
Specialties
Tax
Education
University of Kansas,University of San Diego,Washburn University
State Licensing
Arizona, California

Daneil R. Gukeisen
(602) 279-1555
3030 N. Central Avenue
Phoenix, AZ
Specialties
Bankruptcy
Secondary Specialties
Chapter 13, Garnishments, Debt Relief, Chapter 7, Credit Disputes
Education
Juris Doctor, University of South Dakota, 1996
State Licensing
Arizona, Colorado, Nebraska, South Dakota
Professional Memberships
None

Data Provided by:
Susan Ward Harris
(602) 277-2010
3101 N CENTRAL AVE STE 1600
PHOENIX, AZ
Specialties
LLC, Partnership, Corporate, Business, Tax
Education
Georgetown University Law Center,Arizona State University,Pomona College (Claremont)
State Licensing
Arizona

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Tax Basics For Investors

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Nothing is certain but death and ...well, you know the rest. It's hard to imagine a more unpopular topic than taxes, but it's important that you understand how Uncle Sam always gets his due when it comes to investing. After all, every dollar you pay unnecessarily in taxes is a dollar that won't be around to grow as part of your long-term plan for financial success.

Fortunately, a little bit of knowledge can go a long way towards minimizing the burden of taxes in your portfolio. Here are a few basic terms and concepts you need to know:

First, dividends and interest (such as from a money market fund or a bank account) are taxable as ordinary income when you file your tax return with the IRS. Reinvested dividends are taxed just as if you received them in cash.

If you still own a stock or index shares and haven't sold, you won't have to worry about taxes, even if the shares have increased a lot in value. But anytime you sell a security at a profit, you trigger a capital gain. Conversely, when you sell a stock and lose money, you register a capital loss. Capital gains are taxable when you file your annual return with the IRS on Form 1040 and Schedule D. (Sorry, you can't file using Form 1040-EZ if you have capital gains in the year.)

It's easy to figure the capital gains on any sale of stock, as well as the taxes that you'll pay the IRS (and possibly your state). First, you'll need to know the cost basis-how much you spent to buy the shares in the first place (including any fees or commissions). Subtract your cost basis from the amount you received from selling the shares (after any fees or commissions), and you'll know the amount of capital gains or losses. ...


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