Investment and Finance
The most frequently asked tax questions related to Investment and Finance
What are series HH bonds?
Asked Sunday, January 29, 2012 by an anonymous userCPA Answer:
Series HH savings bonds are current-income securities. This means that, unlike the EE bond, the HH bond itself doesn’t increase in value. When an HH bond is issued, you pay the face amount for the HH bond and interest is paid each six months, providing you with “current income.”
The interest payments on HH bonds are made by direct deposit to your checking or savings account at a financial institution.
The interest payments on HH bonds are made by direct deposit to your checking or savings account at a financial institution.
What in general is a Treasury instrument?
Asked Sunday, January 29, 2012 by an anonymous userCPA Answer:
Negotiated debt obligations that the U.S. government regularly offers at public auction through the Federal Reserve Bank. Treasury bills, bonds and notes have varying maturities and yields.
What is a T Bill?
Asked Sunday, January 29, 2012 by an anonymous userCPA Answer:
A Treasury bill is a negotiable debt obligation issued by the U.S. government, also called a T-bill. Treasury bills mature in one year or less, are exempt from state and local taxes, and range in value from $10,000 to $1 million; they sell at a discount based on current interest rates.
SEP IRA - Maximum contribution
Asked Friday, January 20, 2012 by an anonymous userCPA Answer:
Employers can contribute up to a quarter of the salaries that each employee earns (25%)up to an annual maximum limit. For 2017, that maximum will be $54,000, up $1,000 from its 2016 level. That's the first rise in the SEP IRA limit since 2015,
For self-employed. the 25% refers to the self-employed worker's "net earnings" from the business. The net result of the math is that the 25% limitation on "net earnings" works out to 20% of your adjusted profit after the self-employment tax adjustment
For self-employed. the 25% refers to the self-employed worker's "net earnings" from the business. The net result of the math is that the 25% limitation on "net earnings" works out to 20% of your adjusted profit after the self-employment tax adjustment
Dividends & Long Term Capital Gains - Qualified Tax Rate for 2016
Asked Sunday, January 15, 2012 by an anonymous userCPA Answer:
The rate for Individuals whose other taxable income is in the 10% or 15% bracket pay no tax on their qualified dividend’s in 2013. The rate is 15% for Individuals whose other taxable income exceeds the 15% bracket and are in the 25% or 28% or 33% or 35% bracket. The rate is 20% for Individuals whose other taxable income is in the 39.6% bracket.
Short Term Capital Gains ( less than a year)
Asked Sunday, January 15, 2012 by an anonymous userCPA Answer:
Short term capital gains are taxed at ordinary income rates.
However, you can offset short term capital gains with long term and short term capital losses and any capital losses carried over from previous years that you did not use.
However, you can offset short term capital gains with long term and short term capital losses and any capital losses carried over from previous years that you did not use.
Kiddie Tax
Asked Thursday, January 12, 2012 by an anonymous userCPA Answer:
First $1,000 = no tax
Next $1,000 taxed at child's rate
Amounts over $2,000 taxed at parents marginal rate
Next $1,000 taxed at child's rate
Amounts over $2,000 taxed at parents marginal rate
Capital Gains Tax Rates -2013
Asked Thursday, January 12, 2012 by an anonymous userCPA Answer:
If your tax bracket = 10% or 15%, the Short Term Capital Gain is taxed at ordinary income rates, Long Term Capital Gains and Qualifying Dividends tax rate = 0%
If tax bracket = greater than 15%, the Short Term CG taxed at ordinary rates Long Term CG and Qualifying Dividends tax rate = 15%
For 2013: ATRA, extends the current capital gains and dividends rates on income at or below $400,000 (individual filers), $425,000 (heads of households), and $450,000 (married filing jointly) for tax years beginning after December 31, 2012.
For income in excess of $400,000 (individual filers), $425,000 (heads of households) and $450,000 (married filing jointly), the rate for both capital gains and dividends is 20 percent. .
If tax bracket = greater than 15%, the Short Term CG taxed at ordinary rates Long Term CG and Qualifying Dividends tax rate = 15%
For 2013: ATRA, extends the current capital gains and dividends rates on income at or below $400,000 (individual filers), $425,000 (heads of households), and $450,000 (married filing jointly) for tax years beginning after December 31, 2012.
For income in excess of $400,000 (individual filers), $425,000 (heads of households) and $450,000 (married filing jointly), the rate for both capital gains and dividends is 20 percent. .
Investments & Financial Planning
Does Africa have a stock exchange ?
Asked Thursday, December 29, 2011 by an anonymous userCPA Answer:
African Stock Exchanges:
Botswana Botswana Stock Exchange (BSE)
Egypt Egyptian Exchange (EGX)
Ghana Ghana Stock Exchange (GSE)
Kenya Nairobi Stock Exchange (NSE)
Malawi Malawi Stock Exchange (MSE)
Mauritius Stock Exchange of Mauritius (SEM)
Morocco Casablanca Stock Exchange (Bourse de Casablanca)
Namibia Namibian Stock Exchange (NSX)
Nigeria Nigerian Stock Exchange
South Africa Johannesburg Stock Exchange (JSE)
STRATE (Central Securities Depository (CSD) for the electronic settlement of all financial instruments in South Africa)
Sudan Khartoum Stock Exchange (KSE)
Swaziland Swaziland Stock Exchange (SSX)
Tanzania Dar-Es-Salaam Stock Exchange (DSE)
Tunisia Bourse de Tunis (Tunis Stock Exchange)
Uganda Uganda Securities Exchange (USE)
West Africa Bourse Regionale des Valeurs Mobilieres (Regional Stock Exchange for West Africa)
Zambia Lusaka Stock Exchange (LuSE)