Investment and Finance
The most frequently asked tax questions related to Investment and Finance
Investments & Financial Planning
What is an American Depositary Receipt ( ADR ) ratio ?
Asked Thursday, November 30, 2000 by an anonymous userCPA Answer:
Each American Depositary Receipt (ADR)can represent one or more than one or a fraction of the underlying shares. The relationship between the American Depositary Receipt and the Ordinary share is referred to as the ratio. Many American Depositary Receipt programs are established with a 1:1 ratio meaning one underlying share equals one depositary share. Some American Depositary Receipt programs have ratios ranging from 100,000:1 to 1:100.
Investments & Financial Planning
Where do American Depositary Receipts ( ADRs ) trade ?
Asked Thursday, November 30, 2000 by an anonymous userCPA Answer:
American Depositary Receipts (ADRs) can be found on the New York Stock Exchange as well as on the Nasdaq. American Depositary Receipts also trade Over the Counter. Brokers can access information about over the counter securities through the National Quotation Bureau's Pink Sheets or the over the counter bulletin board.
Employee stock ownership plan - 5 year distribution period - Limits
Asked Wednesday, November 29, 2000 by an anonymous userCPA Answer:
For the current year, the dollar amount for determining the maximum account balance in an employee stock ownership plan subject to a 5 year distribution period has increased to $1,066,000, while the dollar amount used to determine the lengthening of the 5 year distribution period has increased to $205,000.
Defined contribution plan - annual benefit
Asked Wednesday, November 29, 2000 by an anonymous userCPA Answer:
For 2013, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of: 100% of the participant's average compensation for his or her highest 3 consecutive calendar years or $205,000.
For 2014, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of: 100% of the participant's average compensation for his or her highest 3 consecutive calendar years or $210,000.
Defined benefit plan - limitation on annual benefit
Asked Wednesday, November 29, 2000 by an anonymous userCPA Answer:
For 2013, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of: 100% of the participant's average compensation for his or her highest 3 consecutive calendar years or $205,000.
For 2014, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of: 100% of the participant's average compensation for his or her highest 3 consecutive calendar years or $210,000.
For 2014, the annual benefit for a participant under a defined benefit plan cannot exceed the lesser of: 100% of the participant's average compensation for his or her highest 3 consecutive calendar years or $210,000.
Investments & Financial Planning
Is there a website for determining withdrawals from retirement fund to achieve a specific income level ?
Asked Monday, November 27, 2000 by an anonymous userCPA Answer:
T. Rowe price has created a website for users to enter assets information, how long they plan to be in retirement and their desired withdrawal from the retiremnet fund to determine the liklelihood or success based on these variables. www.troweprice.com/ric is the address.
Is the amount listed on Form 1099-DIV box 5 for fund expenses deductible ?
Asked Wednesday, November 22, 2000 by an anonymous userCPA Answer:
The amount listed on Form 1099-DIV box 5 for fund expenses is deductible as an miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.
What year is the Mutual fund dividend I received in December and paid in January taxable ?
Asked Wednesday, November 22, 2000 by an anonymous userCPA Answer:
Mutual fund dividends declared at the end of the year in the months of October through December and paid the following January are taxable in the year declared.
Investments & Financial Planning
How are Mutual funds distributions reported to the IRS ?
Asked Wednesday, November 22, 2000 by an anonymous userCPA Answer:
Mutual fund distributions are reported to the IRS and to you on Federal Form 1099-DIV or a substitute equivalent 1099-DIV statement.
Several types of of dividends can be reported on Form 1099-DIV.
Dividends that were reinvested by you instead of receiving cash will be listed on this form.
Several types of of dividends can be reported on Form 1099-DIV.
Dividends that were reinvested by you instead of receiving cash will be listed on this form.