Tax Basics For Investors Sedona AZ

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

H&R Block
(928) 282-4970
164 COFFEE POT drSTE 164-A
SEDONA, AZ

Data Provided by:
Brian W LaCorte
(602) 530-8000
2575 East Camelback Road
Phoenix, AZ
Specialties
Intellectual Property, Tax, Patent Infringement
Education
Arizona State University,George Washington University
State Licensing
Arizona

Theron M Hall Jr
(888) 222-1328
1129 S Oakland Ste 102
Mesa, AZ
Specialties
Estate Planning, Partnership, Business, Elder Law, Guardianship, Power Of Attorney, Tax, Probate, LLC, Trusts, Prenuptials, Wills
Education
Brigham Young University,Brigham Young University,University of Chicago
State Licensing
Arizona

Malcolm K Ryder
180 E 5TH ST
TUCSON, AZ
Specialties
Litigation, Tax, Business, Real Estate, Commercial
Education
University of Arizona,University of Southern California
State Licensing
Arizona

John D Kendall
5210 E WILLIAMS CIR STE 800
TUCSON, AZ
Specialties
Estate Planning, Probate, Guardianship, Tax
Education
University of Arizona College of Law,Arizona State University
State Licensing
Arizona

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:
David Thomas Eastman
(888) 222-1328
20325 N 51st Ave Suite 134
Glendale, AZ
Specialties
Guardianship, Business, Elder Law, Estate Planning, LLC, Prenuptials, Partnership, Wills, Trusts, Probate, Power Of Attorney, Tax
Education
ASU,Brigham Young University
State Licensing
Arizona

Richard E Durfee Jr
1423 S HIGLEY RD BLDG
MESA, AZ
Specialties
Estate Planning, Tax, Corporate, Partnership
Education
Arizona State University,Arizona State University,Arizona State University
State Licensing
Arizona

G Eugene Isaak
1 S CHURCH AVE STE 900
TUCSON, AZ
Specialties
Estate Planning, Probate, Tax
Education
New York University,University of North Dakota
State Licensing
Arizona

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

Data Provided by:

Tax Basics For Investors

Provided by:

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. ...


Click here to read the rest of the article at YoungMoney.com.