Investment and Finance
The most frequently asked tax questions related to Investment and Finance
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)
Investments & Financial Planning
Does India have a stock exchange ?
Asked Thursday, December 29, 2011 by an anonymous userCPA Answer:
India Stock Exchanges:
Bombay Commodity Exchange (estwhile the Bombay Oilseeds and Oils Exchange)
Bombay Stock Exchange (BSE)
Calcutta Stock Exchange (CSE)
Cochin Stock Exchange
Inter-Connected Stock Exchange of India (ISE)
Multi Commodity Exchange of India (MCX)
National Commodity & Derivatives Exchange (NCDEX)
National Stock Exchange of India (NCE)
OTC Exchange of India (Exchange for Technology and Growth Stocks)
Pune Stock Exchange (PSE)
Investments & Financial Planning
Does Asia have a stock exchange ?
Asked Thursday, December 29, 2011 by an anonymous userCPA Answer:
Asian Stock Exchanges:
Azerbaijan Baku Interbank Currency Exchange
Baku Stock Exchange (BSE)
Bangladesh Chittagong Stock Exchange (CSE)
Dhaka Stock Exchange (DSE)
China China Financial Futures Exchange (CFFEX)
Dalian Commodity Exchange (DCE)
Shanghai Futures Exchange (SHFE)
Shanghai Steel Electronic Exchange
Shanghai Stock Exchange (SSE)
Shenzhen Stock Exchange
Zhengzhou Commodity Exchange (ZSE)
Hong Kong Chinese Gold & Silver Exchange Society (CGSE)
Growth Enterprise Market
Hong Kong Exchanges (HKEx) (holding company of Stock Exchange of Hong Kong, Hong Kong Futures Exchange and Hong Kong Securities Clearing Company)
Indonesia Indonesia Stock Exchange (IDX)
Jakarta Futures Exchange (JFX)
Japan Central Japan Commodity Exchange (C-COM) (incorporates Osaka Mercantile Exchange)
Kansai Commodities Exchange (KEX) (incorporates Fukuoka Futures Exchange)
Fukuoka Stock Exchange
Jasdaq Securities Exchange
Nagoya Stock Exchange
Osaka Securities Exchange (OSE)
Sapporo Securities Exchange
Tokyo Commodity Exchange (TOCOM)
Tokyo Financial Exchange (TFX) (formerly Tokyo Financial Futures Exchange)
Tokyo Grain Exchange (TGE)
Tokyo Stock Exchange (TSE)
Kazakhstan Kazakhstan Stock Exchange (KASE)
Kyrgyzstan Kyrgyz Stock Exchange
Malaysia Bursa Malaysia (formerly Kuala Lumpur Stock Exchange)
Labuan International Financial Exchange (LFX) (offshore financial exchange)
Maldives Maldives Stock Exchange
Mongolia Mongolian Stock Exchange
Nepal Nepal Stock Exchange (NEPSE)
Pakistan Islamabad Stock Exchange (ISE)
Karachi Stock Exchange (KSE)
Lahore Stock Exchange (LSE)
Singapore Singapore Commodity Exchange (SICOM)
SGX - Singapore Exchange (Stock Exchange of Singapore and the Singapore International Monetary Exchange)
South Korea Korea Exchange (KRX) (consolidates Korea Stock Exchange, KOSDAQ Market and the Korea Futures Exchange)
Sri Lanka Colombo Stock Exchange (CSE)
Taiwan GreTai Securities Market
Taiwan Stock Exchange (TSEC)
Taiwan Futures Exchange (TAIFEX)
Thailand Agricultural Futures Exchange of Thailand (AFET)
Stock Exchange of Thailand (SET)
Uzbekistan Tashkent Republican Stock Exchange
Uzbek Commodity Exchange
Cost basis of house received at divorce settlement
Asked Thursday, December 22, 2011 by an anonymous userCPA Answer:
The transfer of the house to you that was "incident to a divorce" is treated as a tax-free exchange and not taxable.
The cost basis to you would be the original cost, plus improvements made over the years, not the possible appreciated fair market value as of the date of the divorce.
The current law allows an unmarried individual to exclude up to $250,000 ($500,000 married filing jointly)of gain realized on the sale of a residence.
Speak to your local CPA about the divorce settlement and tax strategies involved, that might benefit you.
The cost basis to you would be the original cost, plus improvements made over the years, not the possible appreciated fair market value as of the date of the divorce.
The current law allows an unmarried individual to exclude up to $250,000 ($500,000 married filing jointly)of gain realized on the sale of a residence.
Speak to your local CPA about the divorce settlement and tax strategies involved, that might benefit you.
IRA -Divorce allocations
Asked Thursday, December 22, 2011 by an anonymous userCPA Answer:
Whatever monies earned in that IRA during your marriage is considered a marital asset.
As a result, this means that if you get divorced your spouse will be entitled to 50% of the money.
You would also be entitled to 50% of your spouse's retirement money.
This is true even if you did not name your spouse as the beneficiary of the IRA.
As a result, this means that if you get divorced your spouse will be entitled to 50% of the money.
You would also be entitled to 50% of your spouse's retirement money.
This is true even if you did not name your spouse as the beneficiary of the IRA.
IRA Inherited Rollover
Asked Thursday, December 22, 2011 by an anonymous userCPA Answer:
Only the spouse of the deceased can roll over an inherited IRA.
IRA - Gross Estate Inclusion
Asked Thursday, December 22, 2011 by an anonymous userCPA Answer:
The account balance of all your husband's IRA's at the time of death is included in the gross estate.
IRA - Divorce settlement taxability
Asked Thursday, December 22, 2011 by an anonymous userCPA Answer:
As part of a divorce settlement decree or a legally separately decree of separate maintenance, the transfer of a traditional IRA to you is considered a tax-free transfer and not reportable or taxable.
When is the deadline to set up a Keogh plan?
Asked Monday, November 14, 2011 by an anonymous userCPA Answer:
To deduct contributions, the Keogh plan must be adopted by the last day of the year ( December 31, for calendar year entities). The funding of the contribution can be made up to the due date of the return for that year including extensions.