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:
Sonia M Phanse
(480) 922-3933
Ste 191, 8777 N Gainey Center Dr
Scottsdale, AZ
Specialties
Tax, Corporate, Estate Planning
Education
Golden Gate University School of Law,Golden Gate University School of Law,Univ of Southern Calif
State Licensing
Arizona, California

Brooks J Holcomb
3101 N CENTRAL AVE STE 1600
PHOENIX, AZ
Specialties
Family, LLC, Estate Planning, Trusts, Tax
Education
University of Miami School of Law,Brigham Young University College,New York University
State Licensing
Arizona

Douglas S John
4713 E CAMP LOWELL DR
TUCSON, AZ
Specialties
Tax, Wills, Trusts, Estate Planning, Business
Education
University of Arizona,University of Arizona,University of North Carolina, Chapel Hill
State Licensing
Arizona

Katherine A O'Connell
(888) 222-1328
3300 N Central Ave Ste 900
Phoenix, AZ
Specialties
Estate Planning, Elder Law, Probate, Business, Tax, Prenuptials, Wills, Guardianship, LLC, Trusts, Partnership
Education
University of St. Thomas School of Law - Minneapolis,University of Arizona
State Licensing
Arizona

Kevin P McFadden
(480) 345-0444
1745 S ALMA SCHOOL RD STE 230
MESA, AZ
Specialties
Estate Planning, Probate, Trusts, Tax
Education
University of Arizona College of Law,Northern Arizona University
State Licensing
Arizona

Connie Totorica Gould
3838 N CENTRAL AVE
PHOENIX, AZ
Specialties
Insurance, Tax, Life Science & Biotech, Health Care, Car Accident
Education
Boise State University,DePaul University,Loyola University Chicago
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:
Kurt Kroese
(520) 623-4353
33 N STONE AVE BANK OF AMERICA BLDG
TUCSON, AZ
Specialties
Defective & Dangerous Products, Business, Tax, Ethics
Education
University of Arizona College of Law,Southern Methodist University
State Licensing
Arizona

Mitchell A Chalpin
5080 N 40TH ST STE 100
PHOENIX, AZ
Specialties
Tax, Estate Planning
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.