Street Sweeping Oct 11, 2008
Why would someone in search of high income buy a security that offers it, but also offers a risk of large capital loss if one of three stock market indices should fall more than 25 percent below its initial level. He added, The only people well-equipped to assess the value of these instruments are the people who are selling them. (The American Conservative)
Atari Sets PLAYSTATION(R)3 Ablaze This November With Alone in the Dark: Inferno Oct 11, 2008
- Atari Responds to Media and Consumer Feedback with Red Hot Gameplay Enhancements and Scorching New Action Sequence for PLAYSTATION(R)3 Computer Entertainment System. NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- One of this year's most innovative video games will get a blazing rework for its PLAYSTATION3 computer entertainment system debut this November as Atari ignites Alone in the Dark: Inferno. (Yahoo! Wire -- Entertainment News)
Allianz invests $2.5 billion in Hartford Financial Oct 7, 2008
Swept up in a global financial crisis that has forced bankruptcies or fire sales of banks across the world, Hartford cut its quarterly dividend and estimated huge capital losses ... The estimates include a net realized capital loss of $2. (San Diego Union-Tribune -- Business)
Tax relief on directors' guarantee payments. By Nichola Ross Martin Oct 3, 2008
Tax relief on directors' guarantee payments. By Nichola Ross Martin - 02 Oct 2008. (Accounting Web, UK)
Dividend stripping help HNIs avoid tax Sep 25, 2008
Termed dividend stripping in mutual fund parlance, the small amount of capital loss (considering the huge losses investors have suffered in their equity portfolios) on fund portfolios will help HNIs salvage short-term profits made by selling equities in March and April, experts say ... By buying the securities the investor will get dividends and by selling it, a short-term capital loss which can be set off against a short term capital gain and thereby reducing his tax liability ... This... (India Times)
Google May Move Supercomputers Offshore Sep 16, 2008
It would be a short-term tax savings and long-term capital loss when (not if) it sinks. Rob H, Greenville, SC, USA. (Newsmax)
Service Bancorp Announces Expected Significant Write-down of Investments in Fannie Mae and Freddie Mac Preferred Stock; Strata Bank Expected to be 'Adequately Capitalized' as of September 30, 2008 Sep 13, 2008
Although the Company would realize a capital loss if it sells the FNMA and FHLMC preferred stock, such capital loss would result in a tax benefit to the Company only to the extent the capital loss can be used to reduce capital gains available during the applicable carryback and carryforward periods. The Company does not expect those capital gains to be material in relation to the amount of the other-than-temporary impairment charge. (PR Newswire)
First Advantage Bancorp Announces Third Quarter 2008 Developments and Intention to File Regulatory Application to Begin Stock Buy Back; First Federal Savings Bank Remains 'Well Capitalized' Sep 12, 2008
If the Company decides to sell these investments, Management believes that there will be adequate capital gains available in prior and subsequent tax periods to offset the capital loss which would allow the Company to realize the full tax benefit of the capital loss. Additionally, as previously disclosed in the Company's second quarter 2008 Form 10-Q, at June 30, 2008, the Company holds trust preferred securities (``PreTSLs''), with a total book value of approximately $4. (Primezone Releases)
Whistleblower Offers Tips on Bond-Premium Laundering: Joe Mysak Sep 10, 2008
The gain portion is tax-exempt (the coupons are the only gain), and the two loss pieces (the $2,455,000 capital loss is non- deductible since it relates only to premium amortization, and the $481,666 loss is non-deductible since it is related to the financing of a muni position). . (Bloomberg -- Columnists)
When equities hurt, investors turn to fixed maturity plans Aug 29, 2008
This can lead to lower-than-indicative yield, no return or even capital loss. While a fixed deposit attracts tax as per an investors tax slab (over 33% for last slab), a 13-month FMP only invites tax of about 22% (after adjusting for inflation, which is called indexation). (India Times)
FairTax excerpts posted on CNN Aug 26, 2008
It s called a capital loss and I unfortunately have experience with that ... Its called a capital loss ... Byte: A capital loss is the result of selling an investment at loss. (Atlanta Journal-Constitution -- Opinion)
Zurich Financial Second-Quarter Profit Declines 2.5% on Investment Losses Aug 13, 2008
The insurer said it had a net capital loss on investments and impairments of $437 million in the period compared with a $198 million gain a year earlier. The company is on track to meet its $800 million savings target for 2008 following job cuts in the U.K. and U.S. amid the subprime mortgage market meltdown and plans to run its ``business lean,'' Chief Financial Officer said today on a conference call. (Bloomberg -- Europe)
No interest in soft landings Aug 11, 2008
If the property falls in value, the lender will bear up to 20 per cent of the capital loss. Adelaide Bank has a package that includes a conventional home loan and an equity finance mortgage. (Sydney Morning Herald -- Business)
Understanding the Wash-Sale Rules Aug 7, 2008
THE SAVING GRACE of making a poor stock or mutual fund investment is that you at least get a capital loss when you sell. The loss can then offset gains from your more successful investments, unless the dreaded wash sale rules disallow your writeoff. (SmartMoney)
The Latest on Wash-Sale Rules Aug 7, 2008
WHEN YOU SELL a bad securities investment, the one saving grace is that you can at least claim a capital loss deduction, right ... In fact, all or part of your capital loss deduction will be disallowed for federal income tax purposes if the dreaded wash-sale rule applies ... Your personal investment loss cannot be claimed as a capital loss for federal income tax purposes if, within the period that begins 30 days before the date of the loss sale and ends 30 days after that date, you buy... (SmartMoney)
Gentiva(R) Health Services Strengthens South Carolina Home Health Operations With Acquisition Covering Three CON Counties Aug 5, 2008
MELVILLE, N.Y., Aug. 4 /PRNewswire/ -- Gentiva Health Services, Inc. (Nasdaq: ), the nation's leading provider of comprehensive home health services, plans to expand its home health services to three Certificate of Need (CON) counties surrounding Charleston, SC with the announcement today that it has acquired Hospice of Charleston. Hospice of Charleston is a not-for-profit homecare company that provides hospice services, as well as home health, in the Lowcountry of South Carolina. (PR Newswire)
Transcript of a Conference Call On the 2008 Article IV Consultation with Japan Jul 31, 2008
Rather than setting up a separate fund, it's more a question of appropriate public debt management of the Ministry of Finance, and one needs to take into account the exchange risk associated with these foreign assets, as well, because you could suffer a lot of capital loss if the yen appreciates for now they've been making gains in net terms, but this could turn. Also, you have domestic debt that's associated with the foreign assets, so it's not so simple a matter. (IMF News)
Key info disclosure not a must for tax treaty benefits: ITAT Jul 21, 2008
He further stated that the company was attempting to set off the long-term capital loss against the short-term capital gains by opting to be assessed under the Income-Tax Act. He even stated that only when the company was caught on its default, it sought the benefit of DTAA. The assessing officer, making another point to support his stand, pointed out that under the provisions of the DTAA treaty, benefit can be availed by honest and tax compliant entities only. (Economic Times)
The Demented Dividend Guru Jun 15, 2008
The Foolish bottom lineNevertheless, dividend investing can be a bona fide way to beat the market with less volatility and muted risk of total capital loss. Therefore, I recommend that Fools take a look not only at the WisdomTree offerings, but also the iShares Dow Jones Select Dividend Index, as well as our own Motley Fool Income Investor service. (MSNBC -- Business)
Stewart Enterprises Reports a 15 Percent Earnings Per Share Increase for the Second Fiscal Quarter of 2008 Jun 10, 2008
5 million resulting from the utilization of a capital loss carryforward ... 4 million resulting from the utilization of a capital loss carryforward ... 4 million tax payment reduction in 2007 resulting from the utilization of a capital loss carryforward, coupled with a $2. (Primezone Releases)
MDS Reports Second Quarter 2008 Results Jun 5, 2008
The tax benefit recorded this quarter on the ABCP provision reflects the fact that any tax loss arising on ABCP will be treated as a capital loss. Discontinued Operations The results of our discontinued businesses for the second quarter of 2007 were as follows: > During the second quarter of 2008, $5 million of cash was used, including $12 million related to share repurchases under our NCIB. For the first six months of 2008, $198 million of cash and short-term investments were utilized including... (Canada Newswire)
The Japan Fund Forms Strategic Alliance With Nomura To Manage, Market and Distribute Its Mutual Fund Jun 2, 2008
About Nomura Asset Management Nomura Asset Management U.S.A. Inc. ('NAM-USA") specializes in providing investment management services to institutional investors and collective investment vehicles. Its client base includes pension plans, governmental agencies and investment funds operating in North America and Japan. NAM-USA, a subsidiary of Nomura Asset Management Co., Ltd. ("NAM"), has registered with the U.S. Securities and Exchange Commission as an investment adviser under the Investment... (PR Newswire)
Northern Offshore, Ltd. Reports First Quarter 2008 Financial Results May 29, 2008
23 Weighted average common shares (000's) Basic 153,100 153,100 144,000 148,313 Diluted 153,100 153,100 144,000 149,186 NORTHERN OFFSHORE, LTD. and SUBSIDIARIES Consolidated Balance Sheets (Unaudited) (Thousands of US Dollars) March 31, 2008 December 31, 2007 Current assets Cash and cash equivalents 36,885 21,690 Restricted cash 21,557 42,500 Trade receivables, net 52,940 32,224 Deferred financing fees 1,586 1,586 Prepaid expenses and other current assets 14,075 19,725 Total current assets... (PR Newswire)
When the Going Gets Tough, Own These Stocks May 24, 2008
While we're very interested in the company and its enormous potential, if you fret over volatility and the potential for total capital loss at all, you should stay far away from Elixir and any other stock like it -- particularly in a tough market like this one. What's more, if you're a beginning investor, you should only start getting interested in a company like Elixir after you've built a rock-solid defensive foundation in your portfolio and have a sound asset-allocation g 00000B03 ame plan... (MSNBC -- Business)
Storm Exploration Inc. is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2008 May 9, 2008
In addition, Storm has a capital loss in the amount of $10 million available for application against future taxable capital gains ... ---------------------------------------------------------------------------- As at Maximum Annual March 31, 2008 deduction ---------------------------------------------------------------------------- Canadian oil and gas property expense $ 99,300 10% ---------------------------------------------------------------------------- Canadian development expense 56,901... (CCNMatthews Press Releases)
Money Mantra May 7, 2008
If you exit now, you will have a short term capital loss of Rs 1 lakh, which may be set off against other capital gains and balance may be carried forward for next eight years. SCANNING MUTUAL FUND SCHEMES. (India Times)
One week 'til deadline - KPMG expert talks taxes Apr 23, 2008
Small business investment losses If you or your company invested money in an unsuccessful small business corporation and you now have a capital loss on shares of the corporation or debt it owes you, the losses may qualify as allowable business investment losses. Unlike other capital losses, this type of loss can be used to reduce income other than just simply capital gains, such as employment or investment income. (Globe and Mail)
Put dollars in your pocket Apr 17, 2008
If you sell the shares, you will have a capital loss of $2 ($15 less $13). The problem is that the $2 capital loss cannot be applied to reduce the $5 taxable employment benefit. (Globe and Mail -- Business)
$4 bids too cheap Apr 16, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
How to stay above water on taxes on your home Apr 11, 2008
In that case, if the value has dropped, you might be able to use your capital loss to offset capital gains on any other investments you've sold. If all of your investments are doing lousy, you can deduct $3,000 per year against ordinary income. (Pittsburgh Post-Gazette, PA)
Another good reason not to file your tax return at last minute: economic stimulus check Apr 4, 2008
This can be as simple as increasing 2008 contributions to a 401(k) plan or deductible IRA if eligible, or selling assets at a capital loss. (A deductible contribution to an IRA for the 2007 tax year, which can be made until April 15, 2008, reduces adjusted gross income for 2007. (Boston Globe)
Today's tax question: Mar 26, 2008
I also have stock that I can sell with a long-term capital loss. Can I apply the long-term capital loss for my stock against the long-term capital gain for my second home ... A capital gain may be offset on a dollar-for-dollar basis by deductible capital losses. (USA Today -- Money)
Funds in cut and thrust risk tax bills Mar 22, 2008
The figures in the table suggest it is possible investors in a fund can suffer a capital loss and receive a tax bill at the same time. "Low turnover or zero turnover is usually a 'buy-and-hold' strategy," Mr Houlihan says. (Sydney Morning Herald -- Business)
Tribune Reports 2007 Fourth Quarter and Full Year Results Mar 21, 2008
Due to the Company's high tax basis in the Recycler stock, the sale generated a significantly higher capital loss for income tax purposes ... Due to the Company's high tax basis in the stock of Recycler, the sale generated a significantly higher capital loss for income tax purposes. (Yahoo! Wire -- Entertainment News)
Matt Krantz on stocks Mar 19, 2008
Practically speaking, you could consider selling the stock and taking a capital loss. You can deduct up to $3,000 a year from your ordinary income on your federal income taxes. (USA Today -- Money)
Playing For Time Isn't Enough Mar 18, 2008
Also, Croesus would like to see a relaxation of the accounting principle that forces banks, insurance company and investment banks to report a capital loss on all investments on their books. This would remove the discipline they've been ignoring anyway. (Forbes)
Book short-term losses before March; save tax Mar 15, 2008
By doing so, the tax on short-term capital gains (if any) can be set off to the extent of the short-term capital losses ... Short-term capital losses for the year can be set off against any capital gains, short or long term, reported under the head, income from capital gains ... In case the gains are lower than the losses, the excess short-term capital losses can be carried forward and set off against capital gains for eight successive assessment years, says Vinod Ambavat, partner, Jain... (India Times)
Clarus Announces 2007 Results Mar 8, 2008
Clarus estimates that it has available net operating loss, capital loss, research and experimentation credit and alternative minimum tax credit carryforwards for U.S. federal income tax purposes of approximately $223. 1 million, $1. (PR Newswire)
It's Time To Tote '07 Cap Gains, Plan '08 Moves Mar 5, 2008
For example, say your short-term capital gains minus losses work out to a $100 net short-term capital loss ... Net long-term capital loss ... Net short-term capital loss. (Investors Business Daily)
TIMET Reports Fourth Quarter and Full Year 2007 Results and Completion of Long Term Customer Agreements Feb 29, 2008
9 million) related to the sale of its minority interest in VALTIMET. TIMET utilized a portion of its capital loss carryforward, the benefit of which had previously not been recognized, to completely offset the current income taxes generated from both sales. The Company's sales order backlog has remained strong at $1. (PR Newswire)
Accor: Excellent Results in 2007 - A Strategy Which Is Paying Off Feb 27, 2008
This includes EUR319 million in capital gains on real estate disposals in the United Kingdom, Germany and the Netherlands, a capital gain of EUR204 million on the disposal of Go Voyages and a capital loss of EUR174 million recognized in connection with the sale of Red Roof Inn. Earnings per share grew by 75. (PR Newswire)
Cestnick: Timing is key Feb 21, 2008
In this event, he'd be entitled to claim a capital loss for the $2,085 COA in the year the option expires. And if James had instead closed out his position by selling the option on the open market (see the right-most column in the table), the premium he would have received on the sale, net of the COA of $2,085, would have been reported as a gain (or loss) in the year of closing out. (Globe and Mail -- Business)
Time for a little financial first aid Feb 21, 2008
You'd want to be sure the extra yield is worth the potential capital loss. Frankly, if you're working and have some excess cash you're better off salary sacrificing into super. (Sydney Morning Herald -- Business)
Real 'Work'? Clinton Swipes at Chelsea's Profession... Feb 20, 2008
Political Radar: Real 'Work. Clinton Swipes at Chelsea's Profession. (The Drudge Report)
Tredegar Reports Fourth-Quarter Results Feb 16, 2008
1 million in the third quarter for expected limitations on the utilization of assumed capital losses on certain investments. Income taxes in 2006 include a reversal of a valuation allowance of $577,000 for deferred tax assets associated with capital loss carryforwards recorded with the write-down of the investment in Novalux. (PR Newswire)
Check date for capital gains tax Feb 15, 2008
Q. I have accumulated a capital loss of $10,000 in my tax account over the years ... After the capital gain has been calculated on the sale of an asset it is first reduced by any capital losses made in the same year from the sale of other assets ... The resulting capital gain must then be reduced by any accumulated capital losses brought forward from previous years. (Sydney Morning Herald -- Business)
Clear Channel Announces Fourth Quarter and Full Year 2007 Results Feb 15, 2008
The Company plans to utilize its capital loss carry forward to offset the related capital gain on the transactions. A portion of the gainwill be considered ordinary gain, not capital gain, due todepreciation and amortization recapture, and will be taxed as ordinary income. (Yahoo! Wire -- Entertainment News)
Cestnick: Borrow for your RRSP, but don't forget to save Feb 8, 2008
In addition, if the investments have dropped in value, you won't be able to claim the capital loss if you transfer the investment directly into your RRSP. In this case, you'll be better off to sell the investments on the open market, which triggers a capital loss you can claim, and then contribute the cash to your RRSP.. Top-up loan. (Globe and Mail -- Business)
Fox Chase Bancorp, Inc. Announces Earnings for the Fourth Quarter and Year, 5 Percent Stock Repurchase Program and Annual Meeting Date Feb 7, 2008
The twelve-month period ended December 31, 2006 included the Company reversing a valuation allowance of $312,000 it had established in prior periods for possible non-realizable deferred tax asset benefits associated with certain capital loss carryforwards. Stock Repurchase Plan and Annual Meeting. (Primezone Releases)
Why buy bonds now? Jan 30, 2008
In addition, once bond yields have been corrected by the market to provide a reasonable real return on ordinary Treasuries, the yields on TIPS can be expected to increase commensurately and their prices to decline, providing investors with a capital loss. At some point, probably around the inauguration of the new President in January 2009, the Fed's low interest rate strategy will have to be abandoned as a hopeless and damaging attempt to roll back the markets tides. (Asia Times Online)
As stocks get scary, where can you invest? Jan 14, 2008
Those investments that do offer competitive returns are generally vulnerable to capital loss and subject to income tax. BUSINESS SERVICES. (Business Report, South Africa)
Berkshire Moving Into Bond Insurance Dec 31, 2007
ING is taking a capital loss after tax of 100 million euros this year on the sale. Berkshire Hathaway didn't issue a statement on its side of the deal. (SmartMoney)
Berkshire Hathaway to buy ING reinsurance unit for €300 million Dec 29, 2007
Raymond Vermeulen, an ING spokesman, said ING would sell reinsurance contracts mainly relating to possible asbestos and tobacco claims and that the sale would result in a capital loss after tax of about 100 million in 2007. Losses from disasters including the 1989 Exxon Valdez oil spill convinced ING, which is based in Amsterdam, to stop writing new business at NRG, Vermeulen said. (International Herald Tribune)
ING Agrees to Sell Reinsurance Unit to Berkshire Hathaway for $400 Million Dec 28, 2007
The sale of NRG NV will result in a capital loss after tax of about 100 million euros, Amsterdam-based ING said today in a statement. The company said it expects to complete the transaction in the first half of 2008. (Bloomberg -- Europe)
'Tis Tax Season Dec 23, 2007
"If the investor is holding a stock that is down from the price it was bought, the stock can be sold, thereby generating a capital loss," Wander said. If the investor wants to buy back the stock, it can be purchased in 31 days. (New York Post -- Business)
Stewart Enterprises Reports Results For Fiscal Year 2007 Dec 20, 2007
4 million was attributable to the utilization of a capital loss carryforward and $0 ... 4 million attributable to the utilization of a capital loss carryforward, coupled with a tax benefit of $0. (Primezone Releases)
Kathleen Pender: Tips to help you end the year with savings Dec 18, 2007
You can have capital losses in bond as well as stock funds, so check those, too ... If your cost basis exceeds today's market value, you have an unrealized capital loss ... If you sell it before year end, you will have a realized capital loss that can be used on your 2007 tax return. (San Francisco Chronicle -- Business)
Black & Decker cuts forecast, stock slides Dec 17, 2007
Black & Decker said in court papers that it incurred a capital loss on the deal and should get a refund. Consulting firm Deloitte & Touche advised the firm on the deal. (Baltimore Business Journal, MD)
Put income-splitting to work Dec 15, 2007
This would mean a slight capital loss, which you'd have to weigh against the high yield. National Bank of Canada Series 16 (NA.PR.L). (Globe and Mail -- Business)
Time to lock up year-end savings Dec 13, 2007
"For a person who had a large capital loss during the year, it may be beneficial to realize a capital gain that would offset the losses," Ms. McGetrick said. "Other things people want to consider is the gift tax," she said. (Pittsburgh Post-Gazette, PA)
Canetic Resources Trust announces filing and mailing of Information Circular and Special Meeting details Dec 7, 2007
The Arrangement should generally not give rise to any capital gain or capital loss to Canetic Unitholders under Canadian federal income tax laws and is intended to qualify as a tax-free reorganization under U.S. federal income tax laws. Canadian unitholders will have the option to elect to have the exchange carried out as a taxable exchange for Canadian federal tax purposes as outlined in the Information Circular. (PR Newswire)
Making saving a success Nov 25, 2007
Bonds will normally offer a return higher than bank deposits but if sold before maturity a capital loss is possible. A couple of years ago many Indonesian investors were shocked to find that the fixed interest mutual funds in which they had invested were losing money. (Jakarta Post, Indonesia -- Features)
Vivendi's First Nine Months 2007: Revenues Up 7.9% Nov 15, 2007
For the first nine months of 2006, it mainly included the gains resulting from the settlement of the tax dispute concerning the DuPont shares (+921 million), the capital gains generated on the sale of the Veolia Environnement shares (+834 million) and the capital loss incurred on the PTC shares (-496 million). For the first nine months of 2007, the difference mainly included the dilution profit realized on the sale of a 10. (Yahoo! Wire -- Entertainment News)
Capital Allowances Misconceptions: Part 1 By Steven Bone Nov 2, 2007
A special rule does apply where a capital loss results, which prevents the cost of assets that have qualified for capital allowances from creating or increasing a loss ... Therefore, capital losses rarely apply to fixtures. (Accounting Web, UK)
Latest capital guaranteed series from Maybank Oct 26, 2007
With ASEQ Capital Guaranteed, investors are shielded from capital loss if investment is held till maturity, he said. The fund's income is generated from the returns on equity investments. (The Star Online, Malaysia -- Business)
