Avoiding Capital Gains Tax Controversy

This is a news story, published by Yahoo Finance, that relates primarily to IRS news.

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Business & Economics

Ask an Advisor: How Can I Manage Capital Gains Taxes When My Investment Accounts Don't Offer Withholding?

Summary

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81% Informative

As an investor, you generally won’t know what to expect in terms of capital gain distribution income until late in the year .

Mutual funds and exchange-traded funds hold lots of underlying investments like stocks and bonds.

Long-term capital gains tax rates are based on your overall taxable income and filing status, so this income will be taxed at either 0% , 15% or 20% .

The IRS system sometimes misapplies or does not apply payments properly if the other SSN is used.

Estimated tax due date payments are: - April 15 - June 15 - Sept. 15 - Jan. 15 (If the 15th falls on a weekend or holiday, the payments are due the next business day ) There are two ways to avoid paying a large tax bill in April .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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Offensive language

not offensive

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not hateful