New tax laws impact investors.(Focus: banking & finance)
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If you are one of those people who do their own taxes this may lie the year to hire an accountant. By now you have probably gotten all of your 1099 forms in the mail from your brokerage accounts and now you need to make sense of it all There are two major changes to the tax law for 2003 that could have a large impact on your tax bill and how you manage your money going forward. CAPITAL GAINS The first change is to capital gains taxes, that is taxes you pay on your gains from selling a stock or mutual fired. Short-term capital gains, that is any gain on an investment… |