Planning Can Reduce Mutual Fund Tax Bite
October 1, 2001It’s almost time for mutual funds to begin making their annual taxable gain distributions — and the perfect time to begin planning how to minimize their tax bite on your 2001 return. Mutual funds are required to distribute 90% of the taxable income earned during each fiscal year. When the funds are held in taxable accounts, these distributions are taxable whether or not the investor elects to reinvest dividends and …
Tax Cuts Don’t Ease Need For Estate Planning
October 1, 2001They could have called this year’s tax legislation the Cinderella Tax Act. We go to the ball, we get a nice smooch and then we wake up to find ourselves in bed with a pumpkin. Even by Internal Revenue Code standards, this is a bizarre fairy tale of a tax law. It phases in a variety of income, estate and gift tax breaks from now through 2009, repeals the estate …
Recovering From A Day Of Terror
October 1, 2001By the time you read this, rescue efforts at the World Trade Center and the Pentagon will be over. The tally of casualties will be complete or nearly so, and the process of rebuilding shattered structures, businesses and lives will be getting underway. But as I write this, two days after terrorists attacked on September 11, volunteers are still trying to find survivors beneath the rubble. The stock market has …
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