Investments & Financial Planning
The most frequently asked tax questions related to Investments & Financial Planning
For Tax Payers
Need professional help with a specific tax issue or have general tax questions? Ask a CPA is the easiest way to get advice from a licensed accountant in our network.
Ask a Tax QuestionFor Accountants
Provide answers to tax questions and introduce your practice to new potential clients. Build your CPAdirectory profile and earn reputation points.
Answer Tax QuestionsInvestments & Financial Planning
In the newspaper what does x or x'd mean in the stock listings ?
Asked Friday, December 01, 2000 by an anonymous user
X or XD is a symbol used by newspapers to signify that a stock is trading ex-dividend without dividends, or that a bond is trading without interest, or that a mutual fund recently paid a capital gain or dividend.
Investments & Financial Planning
What is an American Depositary Receipt ( ADR ) ratio ?
Asked Thursday, November 30, 2000 by an anonymous user
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 user
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.
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 user
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.
Investments & Financial Planning
How are Mutual funds distributions reported to the IRS ?
Asked Wednesday, November 22, 2000 by an anonymous user
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.
Investments & Financial Planning
What is a Closed end Mutual fund ?
Asked Wednesday, November 22, 2000 by an anonymous user
A closed end fund issues a fixed number of shares that trade similarly to shares of publically held corporations listed on the stock exchange.The daily price of a closed end mutual fund may be below or above the net value of its investment portfolio. This is different than a open end fund. An open end fund characteristic is the value of and the number of shares in your portfolio change daily as investors purchase and redeem shares.
Investments & Financial Planning
What is a Money Market fund ?
Asked Thursday, November 16, 2000 by an anonymous user
A money market fund is a kind of mutual fund that invests only in short term securities such as bankers' acceptances, commercial paper, repurchase agreements, and government bills.
Investments & Financial Planning
Are my Money Market Mutual funds insured ?
Asked Thursday, November 16, 2000 by an anonymous user
You have probably heard that your bank deposits are insured by the Federal Deposit Insurance Corporation (FDIC). You may be surprised to learn that, while your money market deposit account is insured, your money market mutual fund is not.
The SEC does not guarantee mutual funds. The FDIC does not guarantee mutual funds either, and this is true even if you purchased your mutual fund at a bank. In fact, when you purchase a mutual fund at a bank they are required to tell you that your investment is not FDIC insured and that your investment is not guaranteed by the bank.
Investments & Financial Planning
What is a Money Market Mutual fund ?
Asked Thursday, November 16, 2000 by an anonymous user
A money market fund is a kind of mutual fund that invests only in short term securities such as bankers' acceptances, commercial paper, repurchase agreements, and government bills.
