What is the effect of a lower tax rate for capital gains ...

Throughout the history of the income tax, capital gains have been taxed at lower rates than ordinary income. Since 2003, qualified dividends have also been taxed at the lower rates. Defenders of the tax preference argue that lower tax rates for capital gains and dividends offset the taxes that have already been paid at the corporate level. Some also claim that lower tax rates for capital gains...

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Date: 2018-04-05 12:57:27
Website: http://www.taxpolicycenter.org

How are capital gains taxed? | Tax Policy Center

Capital gains are profits from the sale of a capital asset, such as shares of stock, a business, a parcel of land, or a work of art. Capital gains are generally included in taxable income, but in most cases are taxed at a lower rate.

A capital gain is realized when a capital asset is sold or exchanged at a price higher than its basis. Basis is an asset's purchase price, plus commissions and the...

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Date: 2018-04-05 05:00:51
Website: http://www.taxpolicycenter.org

Related topics : income tax long term capital gains / tax long term capital gains 2015 / capital gains tax rate short term long term / capital gains tax rate long term 2015 / investment capital gains tax rate

California Capital Gains Tax - 2018 State Taxes Guide

California Capital Gains Tax - 2018 State Taxes Guide

Soldier counting money



April 15th, otherwise own as Tax Day, is ever nearing. If you're one of the millions of Americans that has decided to put off your filing to closer to deadline day and are trying to jog your memory back into tax filing gear, no worries. That's what this entry is for.



Ever wonder what would happen if you...

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Website: http://govthub.com

capital gain: How to calculate short-term and long-term ...

The profit resulting from sale or transfer of a capital asset is called capital gain. There is no gain if the asset is inherited.

Capital asset

Any property, movable or immovable, that is held by a person is termed as asset. This can include land, building, house, securities (stocks, mutual funds, bonds, debentures), jewellery, vehicles, patents, trademarks and machinery.

What is not a capital...

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Date: 2018-04-05 23:12:19
Website: https://economictimes.indiatimes.com

How the new Capital Gains Tax on shares will impact you

In a largely farmer oriented budget, the finance minister Arun Jaitley signalled a fundamental change in how Long Term Capital Gains is taxed on the sale of equity shares and equity oriented mutual funds. Was this tax warranted? Let us try to see the scenario we are operating in.

First of all, "Capital Gains" are those gains or profits made on selling "Capital Assets". Capital Assets are those...

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Website: http://www.opindia.com

Selling a property? Capital gains tax and exemptions


Business directory

FrenchEntrée > Guides to Buying your French Property > French Tax > Selling a property? Capital gains tax and exemptions

Selling a property? Capital gains tax and exemptions


8th February 2016

If you are looking to buy a property in France, or already own one, you need to know what sort of tax to expect if and when you come to sell it. On the sale, you will be liable...

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Website: https://www.frenchentree.com

1040 Tax Calculator (Tax Year 2015) - Dinkytown


1040 Tax Calculator (Tax Year 2015)

Enter your filing status, income, deductions and credits and we will estimate your total taxes. Based on your projected tax withholding for the year, we can also estimate your tax refund or amount you may owe the IRS next April.

1040 Tax Calculator (Tax Year 2015) Definitions

Federal Income Tax Rates:



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Date: 2018-04-03 03:33:05
Website: dinkytown.net

AMT and Long-Term Capital Gain - Fairmark.com

AMT and Long-Term Capital Gain

By Kaye A. Thomas

Current as of December 24, 2014

Even if you don't usually pay alternative minimum tax, a large long-term capital gain can result in AMT liability. Here's why.

There's no reason to believe Congress intended the alternative minimum tax to apply merely because you have a long-term capital gain. The law provides that the lower rates for these gains...

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Website: http://fairmark.com

Your Tax Bracket - Fairmark.com

2014 Tax Rate Schedules (returns filed in 2015)

2013 Tax Rate Schedules (returns filed in 2014) (as changed by the America Taxpayer Relief Act of 2012)

2012 Tax Rate Schedules (returns filed in 2013)

Your tax bracket can be used to estimate the amount of additional tax you'll pay if your income increases -- or the amount you'll save if you can claim a deduction. If you're in the 25% tax bracket...

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Website: http://fairmark.com

Top Ten Tax Questions on the Capital Gains Exemption

The Ten Top Tax Questions on the Capital Gains Exemption

If you asked me what is the most common tax question I get asked it would be a no brainer - capital gains. The $1,000,000 capital gains exemption to be exact. And yes, it is $1,000,000 - it was increased back in 2015. The reason for all the interest is because the...

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Date: 2017-10-05 13:10:02
Website: http://www.omafra.gov.on.ca

Related topics : capital gains tax exemption canada / capital gains tax exemption / capital gains tax property sale / capital gains tax on land sale canada / capital gains tax on land sale

Three Tax Considerations for Military Personnel When ...

Browse archives for February 04 , 2016

Forrest Baumhover

Forrest Baumhover is the founder and principal of Westchase Financial Planning Inc. Throughout his career as a naval officer, his desire to help his fellow Sailors, friends and family members resolve their financial concerns has long been Forrest's inspiration for starting a second career as a financial planner.

Forrest earned his...

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Website: http://figuide.com

Holiday lettings Tax Information Holiday let mortgages ...

Rules for furnished holiday lettings for the 2015/2016 tax year

To make sure your property qualifies as a furnished holiday letting, it must be:

in the UK or EEA


available for commercial letting to the public, as holiday accommodation, for at least 210 days a year (2015/2016)

commercially let as holiday accommodation for at least 105 days a year 2015/2016) - the rent must be charged at...

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Website: http://www.holidayletmortgages.co.uk

Capital Gains Tax Simplified: Part II - Long Term Capital ...

Long Term Capital Gains Tax

Capital Gains Tax Simplified: Part II - Long Term Capital Gains Tax

October 8, 2015

by Deepesh Raghaw 23 Comments

In one of the earlier posts , I discussed taxation of short term capital gains for various asset classes. In this post, we focus on taxation of long term capital gains.

As mentioned in the aforesaid post, if you hold a capital asset for more than 36 months,...

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Website: https://www.personalfinanceplan.in

2011 Tax Brackets, Rates and Federal Taxable Income ...

President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 Federal IRS tax rates will be the same as 2010 rates, shown in the table below. However tax bracket ranges and standard deduction levels have increased slightly.�A rise in tax rates would have�cut the after-tax pay by $3,000 for the�average tax payer, so the extension is...

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Website: http://www.savingtoinvest.com

How to avoid capital gains taxes when selling your house

Example #1: The simple case...

Let's say Victor and Victoria, a married couple, purchase a home for $1 million and sell it for $1.6 million.

Victor and Victoria buy their home January 1, 2010. They live there as their primary residence for 2 years plus 1 day, moving out January 1, 2012.

The next day, they rent out the house to a tenant, who leases it for 2 years plus 364 days -- just shy of 3...

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Website: https://hackyourwealth.com

Related topics : capital gains tax home sale less than 2 years / capital gains tax house sale 2 years / tax long term capital gain 2013 / tax on long term capital gains 2014 / tax long term capital gains 2015

Latest Income Tax Slabs and Rates for FY 2016-17 and AY ...

Wealth Tax Has been Abolished in the Budget for 2015-16


Changes that were effected from earlier years, i.e., the FY 2014-15 (AY 2015-16)

       Investment limit under section 80C of the Income-Tax Act raised from Rs.1 lakh to Rs. 1.5 lakh.

·        Deduction limit on account of interest on loan in respect of self occupied house property raised from Rs.1.5 lakh...

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Date: 2017-02-01 12:32:05
Website: http://www.allbankingsolutions.com

TDS Rates FY 2017-18 (Rate Chart of TDS AY 2018-19 PDF ...

10% from 01.04.2016 to 31.05.2016

5% wef 01.06.2016

(20% if no Valid PAN)


10% - If rent is for land,

building or furniture(20% if no Valid PAN)

2% - If the rent is for

Machinery, Plant or

Equipment(20% if no Valid PAN)

194IA ((See note-8)

Payment on transfer of certain immovable property other than agriculture land.


(20% if no Valid PAN)


Rent payable by an individual or HUF not...

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Website: https://finapp.co.in

Related topics : capital gains tax rate long term 2018 / capital gains tax rate 2016 long term / capital gains tax rate long term 2017 / capital gains tax rate long term 2015 / capital gains tax rate long term 2014

UK - Income Tax | KPMG | GLOBAL

rental income

trust income: and,

certain gains from offshore funds which do not report any arising income (i.e. it is all rolled up within the fund and reflected in an increased unit value) are also subject to income tax

Other types of income and capital receipts may also be subject to U.K. income taxes but are outside the scope of this document.

Employment income is taxable when received, or...

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Date: 2018-04-05 10:57:57
Website: https://home.kpmg.com

10 Money-Saving Year-End Tax Tips - Investopedia

Although you may have until April 18, 2016, to file your 2015 tax return , your tax preparation should start in the current year. Getting a start on your tax planning before the New Year begins can help you to maximize benefits and minimize taxes. In this article, we provide some tips that can help you make the best of the upcoming tax season .

Tutorial: Personal Income Tax Guide

1. Pay Estimated...

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Website: https://www.investopedia.com

Tax Rules Converting Rental Property To Primary Residence


Executive Summary

The exclusion of up to $500,000 of capital gains on the sale of a primary residence under IRC Section 121 is one of the most generous tax preferences available under the tax code, due in no small part to the fact that most people only have occasion to sell their home and harvest such gains a few times in a lifetime.

However, for those who also invest in rental real estate,...

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Website: https://www.kitces.com

Spain - Income Tax | KPMG | GLOBAL

Autonomous community tax rate table

Note: Each Autonomous Community has to approve its own scale of rates.�

Investment income and capital gains are taxed at a rate of 19 percent for amounts up to EUR 6,000, 21 percent for income in an amount between EUR 6,000 and EUR 50,000, and 23 percent for amounts exceeding EUR 50,000.


In general, non-resident taxpayers are taxed at the rate...

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Date: 2018-04-05 21:05:17
Website: https://home.kpmg.com

Tax Planner Spreadsheets - Taxvisor.com

Last Updated: April 4, 2018


Income Tax Planning Spreadsheets

A 2018 version is now available with the recently signed tax laws going into effect on January 1, 2018.

Don't be fooled by the lack of complexity of this web page.� The software available on this web site is amongst the most sophisticated and user friendly for planning your taxes.� We put our energies into the...

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Date: 2018-04-05 04:41:32
Website: http://www.taxvisor.com

EIS: Enterprise Investment Scheme - rossmartin.co.uk

Enterprise Investment Scheme (subscriber guide)

The Enterprise Investment Scheme (EIS) provides tax incentives in the form of a variety of income tax and capital gains tax reliefs to investors who invest in smaller, unquoted, trading companies.

The primary tax relief takes the form of a reduction in Income Tax at a flat rate of the cost of new shares.

Tax relief increased from 20% to 30% on 6...

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Date: 2018-04-05 23:41:10
Website: http://www.rossmartin.co.uk

Tax Free Investments


What is it?

Tax Free Investments were introduced as an incentive to encourage household savings.� This incentive is available from 1 March 2015.

How will it work?

The tax free investments may only be provided by a licenced bank, long-term insurers, a manager of registered collective schemes (with certain exceptions), the National Government, a mutual bank and a...

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Website: http://www.sars.gov.za

Related topics : investments free of capital gains tax / investment funds capital gains tax / investment capital gains tax / free income tax returns / tax return free

Automated Tax-Loss Harvesting Strategy | Wealthfront ...

Wealthfront Tax-Loss Harvesting White Paper


This white paper summarizes the motivation, design and execution of Wealthfront's daily tax-loss harvesting service. Our actual results and historical backtests demonstrate that tax-loss harvesting significantly improves the tax efficiency and ultimately the after-tax return of Wealthfront's taxable portfolios. We believe tax-loss harvesting...

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Website: https://research.wealthfront.com

CPABC - Tax Tips 2014 - bccpa.ca

Employment Income, Deductions, and Credits

Reducing Payroll Deductions

If you are making RRSP contributions, you might be able to reduce the income tax deducted from your pay cheque. Ask your employer to make the contribution(s) to your RRSP directly and deduct the payments from your salary. The employer calculates the required income tax withholdings based on the portion of your salary remaining...

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Website: https://www.bccpa.ca

Estate Tax vs. Capital Gains Tax | Federal Inheritance Tax

Business Continuity

Copyright © 2018 Edelman Financial Services, LLC. All Rights Reserved.

Ric Edelman, Executive Chairman of Edelman Financial Services, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through EFS and is a Registered Representative and Registered Principal of, and offers securities through, EF Legacy Securities , LLC, an...

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Website: https://www.edelmanfinancial.com

Related topics : inheritance tax vs capital gains / federal tax capital gains 2018 / federal tax long term capital gains / tax long term capital gains 2018 / federal tax capital gains 2015

New York State and City Corporate Tax Reform: Implications ...

In 2014, New York state enacted comprehensive corporate tax reform and, in 2015, enacted legislation that significantly conformed the New York City Administrative Code to the state corporate tax reform provisions. While the rules affecting S-corporations and their nonresident shareholders have changed for the state as a result of corporate tax reform, the city's treatment of S-corporations has...

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Website: https://www.bna.com

IRS Tax Forms: 1040EZ, 1040A & More | E-file.com

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Popular IRS Tax Forms You Should Know About:

Below is a list of some of the IRS tax forms that individuals may need and a brief definition of what they are used for. From the IRS 1040EZ to the IRS 1040A, there are many to navigate as an e-filer. While this represents just a small number of the forms the IRS may require from a taxpayer these are ones you are most likely to...

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Website: https://www.e-file.com

"What is CRM2 and what does it mean for me?" - RE: Investing

CRM2 is a set of new requirements that the Canadian Securities Administrators (CSA) are implementing to ensure investors receive essential information about the costs and performance of their investments. The new requirements, part of the Client Relationship Model Phase 2 (CRM2) cost and performance reporting requirements, apply to all firms registered to deal in securities or act as portfolio...

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Website: http://www.getsmarterreinvesting.ca

How Long Does the IRS Have to Assess Additional Tax on ...


How Long Does the IRS Have to Assess Additional Tax on Your Tax Return?

Home » Private: Our Blogs » How Long Does the IRS Have to Assess Additional Tax on Your Tax Return?


2015-05-262015-05-12http://bressler.wpengine.com/wp-content/uploads/2016/07/bressler-logo-dark.pngBressler Company Certified Public Accountants



How Long Are You on the Hook for a Tax Assessment?


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Website: http://www.bresslercompany.com

What’s been happening to corporation tax? - Institute For ...

Onshore receipts to return to 2010 levels despite rate cuts

Onshore corporation tax receipts are set to fall by 0.3% of national income between 2017-18 and 2021-22. At that point, they would, if the forecast proves correct, be at the same share of national income as in 2010-11. This may be surprising given that the main corporation tax rate has been cut from 28% in 2010 to 20% in 2015, 19% this...

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Website: https://www.ifs.org.uk

Form MA NRCR 2015 Nonresident Composite Return Instructions

Note: This form, and all accompanying schedules, must be filed electronically as required by 830 CMR 62.5A.1(11)(f)4 .

Who Must File

Massachusetts allows a partnership or an S corporation to file an electronic composite return on Form MA NRCR and make estimated tax payments as an agent on behalf of two or more qualified electing nonresident members. (Professional athletic teams who may file a...

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Website: mass.gov

StockOpter Restricted Stock and Restricted Stock Unit ...

Restricted Stock and Restricted Stock Unit Utilization Today

Posted on

by Bill Dillhoefer

From the Ayco Compensation & Benefits Digest, July 2017

While performance-based awards have become the most common long-term incentives granted to executives at most companies today, so-called "full value" awards, including restricted stock or restricted stock units ("RSUs"), remain a common equity award....

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Website: https://www.stockopter.com

Income Tax Calculator | How to Calculate Income Tax for AY ...


Co-operative Society.

Anybody who belongs to above mentioned categories can select that particular category in the India Income Tax Calculator and calculate the Income Tax in India. Also, you need to select the Assessment Year because the slab rates vary for each AY. There is also an option to select the type of assessee, i.e., Male / Female / Senior Citizen.

Click here to know more about...

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Website: https://www.incometaxcalculatorindia.com

Peninsula Properties - West Cork Ireland

Long term rentals in and around Kilcrohane, Ahakista and Durrus

Holiday Lettings

Check out our listings located along Ireland's Wild Atlantic Way ... west cork properties for sale


PENINSULA PROPERTIES has an intimate knowledge of�its market, West Cork, and offers a market leading level of service.� We are committed to providing a personal, professional and confidential...

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Website: http://www.peninsula.ie

Related topics : current capital gains tax rate long term capital gains / current capital gains tax rates 2017 / current capital gains tax rate / capital gains tax rate long term 2014 / capital gains tax rate long term 2015

TD Tax-Free Savings Account (TFSA) | TD Canada Trust


TD Tax-Free Savings Account (TFSA)

TFSAs are great for long or short-term goals because your savings can grow more quickly when you don't have to pay tax on investment income.

How can a tax refund help you get to Europe?

Save it in a TD Canada Trust TFSA and see.

Call 1-866-222-3456

TD makes it easy to save

At TD, you'll find a range of Tax-Free Savings Accounts (TFSAs) to help you save...

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Website: tdcanadatrust.com

Rockwell Collins 2016 Annual Report

Driving innovations from

commercial to government

In today's constrained budgetary environment, governments around the globe are turning to commercial technologies to maximize value while ensuring efficiency, functionality and extensibility. Missionizing commercial technologies allows defense organizations to gain access to leading-edge innovations at a fraction of the costs traditionally...

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Date: 2017-06-12 13:43:02
Website: http://www3.rockwellcollins.com

Related topics : tax credits benefit income / federal income tax capital gains and losses / income tax long term capital gains / tax credits income / federal income tax forms 2015

Chapter 5747: INCOME TAX - Lawriter - ORC - Ohio Laws and ...

5747.01 Income tax definitions.

Except as otherwise expressly provided or clearly appearing from the context, any term used in this chapter that is not otherwise defined in this section has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes or if not used in a comparable context in those laws, has the same...

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Website: http://codes.ohio.gov

How to File US Tax Returns in Canada? - Hutcheson & Co.

How to File US Tax Returns in Canada?

Home » Latest Articles » How to File US Tax Returns in Canada?

Jan 25

In general terms, this is one of the most frequent questions we get from prospective clients. So then, How do you file U.S. tax returns while in Canada?

The first question we need to ask is whether you are actually required to file U.S. tax returns. Generally speaking, U.S. citizens and...

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Website: https://www.hutcheson.ca

IRS tax forms - Wikipedia

Main article: Form 1040

Form 1040, U.S. Individual Income Tax Return, is one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for personal (individual) federal income tax returns filed with the IRS. The first Form 1040 was published for use for the tax years 1913, 1914, and 1915. For 1916, Form 1040 was converted to an annual...

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Date: 2018-04-05 08:38:24
Website: https://en.wikipedia.org

A blog about the unrelated business income tax - UBIT Blog

Welcome to the UBIT Blog

This is a blog about the unrelated business income tax (UBIT), which applies to most tax-exempt organizations. The blog will discuss new IRS and judicial developments and new and proposed legislation involving the UBIT. Attorneys, accountants, officers and directors of exempt organizations, and others interested in the UBIT will find the information useful and are welcome...

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Website: http://www.ubitblog.com

Internal Revenue Bulletin: 2015-5 | Internal Revenue Service

This revenue procedure updates and revises the general procedures under § 446(e) of the Internal Revenue Code and § 1.446-1(e) of the Income Tax Regulations to obtain the consent of the Commissioner of Internal Revenue (Commissioner) to change a method of accounting for federal income tax purposes. Specifically, this revenue procedure provides the general procedures to obtain the advance...

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Date: 2018-04-05 19:44:33
Website: https://www.irs.gov