An enduring income Nov 12, 2009
AXA guarantees the investor will receive back 100 per cent of the original capital plus any further contributions at the end of the term, less fees and costs even if there is a capital loss. But if markets have done well, the investor retains the capital growth. (The Age, Australia)
Scam-proof your savings Nov 11, 2009
Last Upd: 07:43am 11 Nov 2009. Life Insurance Quote. (iAfrica.com)
Times Co. takesGlobe off market Oct 15, 2009
That capital loss could offset other gains the Times Co. has made this year, as it sold off media properties and as it looks to sell its 17. 5 percent stake in the Boston Red Sox. (Boston Globe)
Ridley Inc. Reports Financial Results for Fiscal 2009 Fourth Quarter Sep 3, 2009
4) Change in valuation reserve on capital losses 0 ... Offsetting the increase in taxable income is the utilization of capital loss and non-capital loss carryforward positions in which the Company had recorded valuation reserves ... The resulting increase in taxable income was offset by utilization of existing tax loss carryforwards arising from prior capital losses and non-capital losses. (CCNMatthews Press Releases)
Psychology of investing Aug 17, 2009
The risk here is that of buying high, which is often followed by the further mistake of selling low, rendering a destructive capital loss permanent. Well-considered contrarianism is more likely to be rewarded over the long term. (iAfrica.com)
Strategic Hotels & Resorts Reports Second Quarter 2009 Results Aug 6, 2009
Strategic Hotels ts Reports Second Quarter 2009 Results. Strategic Hotels ts Reports Second Quarter 2009 Results. (PR Newswire)
Hartford Financial Posts 2Q Loss Jul 30, 2009
Still, the company reported a $649 million net realized capital loss, much more than the $156 million net realized capital loss recorded in the year-earlier period. The loss stemmed mostly from impairments on certain investments totaling $207 million, and a $300 million charge related to the closing of an investment agreement with the U.S. Treasury Department in June. (ABC News -- Wire)
Welcome Back to 9000; Dow Sets New Jul 24, 2009
Existing users please login. Remember me on this computer. (Fox News)
Tax wise investments Jun 20, 2009
By contrast, where the base cost of an asset exceeds the proceeds on disposal it would result in a capital loss which cannot be used to reduce other taxable income, but is carried forward to be offset against future capital gains. Capital gains are subject to tax at a lower rate than ordinary income. (iAfrica.com)
Tax shock may await Tannenbaum's investors Jun 19, 2009
Lackay added that there might be a capital loss, but the profits were of a revenue nature and therefore taxable, stressing that a "normal pyramid scheme" was taxable. Sars taxed the Krion Financial Services pyramid scheme, which raised about R1. (Business Report, South Africa)
Extinct but still a tax advantage Jun 16, 2009
Investors in failed companies should be aware that they can crystallise their capital loss for tax purposes before June 30 ... Shareholders in these companies can still dispose of their shares and thus claim their capital loss ... To utilise a capital loss, you must first determine which of several categories your company falls into. (Sydney Morning Herald -- Business)
Blue Square - Israel LTD. Reports Financial Results for the First Quarter of 2009 May 26, 2009
Mr. Zeev Vurembrand, Blue Square's President and CEO, referred to the financial results and said: "In this quarter, we present better results considering the increasing competition and the prevailing recession due to the material strategic actions we have taken. We have successfully launched the"Mega Bool" chain and we turned to be a significant and leading player in the HD sector. We continue our strategy and during the second and third quarters we shall issue new membership card and we shall... (PR Newswire)
How to review MF investments? May 25, 2009
How to review MF investments before redeeming the units. - Money & You-The Sunday ET-Features-The Economic Times. (India Times)
Nigeria: Ribadu Seeks Expansion of U.S. Crime Laws May 22, 2009
Ribadu spoke yesterday on "Capital Loss and Corruption: The Example of Nigeria." during a testimony before the House Financial Services Committee of the US Congress in Washington,DC. He argued that while the responsibility to solve this problem ultimately lies with Nigeria, the US could help to narrow the operating space for what he described as "high-stakes elite bribery", with an expanded law that would rein them in, irrespective of their country of origin. (allAfrica.com)
Your say Have you been burnt? May 19, 2009
Oh well, what could have been is now assigned to history and one is thus left with a sizeable capital loss. Look out financial advisor. (Sydney Morning Herald -- Business)
Money market vs. bonds May 17, 2009
Our cautious outlook for bond prices, and our belief that the risk of capital loss exceeds the potential for capital gains, means we prefer the lower risk of money market assets to bonds. Commentary by Andrew Lapping (portfolio manager, Allan Gray Limited). (iAfrica.com)
Arlington Asset Investment Corp. Reports First Quarter 2009 Financial Results May 8, 2009
As of March 31, 2009, the Company's net operating loss carry-forwards and net capital loss carry-forwards were approximately $320 million and $600 million, respectively. First Quarter Highlights. (PR Newswire)
FOXBusiness: Apple and Google Ties Investigated May 5, 2009
When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. (Fox News)
Money market can be risky May 2, 2009
This risk can sometimes lead to capital loss within a fund which is passed on to clients as lower interest earned. Under extreme conditions, the capital loss can be so great that the R1. (iAfrica.com)
Stock questions? Ask Matt Apr 9, 2009
That's an unrealized loss and you cannot claim a capital loss on your income taxes for 2008 ... Likewise, if you sold at a loss, you have a realized capital loss and can use that to offset any gains you had that year, or offset up to $3,000 of ordinary income. (USA Today -- Money)
GOP lawmakers oppose federal budget proposal Apr 5, 2009
Meanwhile, Senator Jim Bunning issued the following statement after the Senate accepted his amendment to the proposal that would provide a blueprint to increase the capital loss deduction. I applaud the Senate today for approving my amendment to pave the way for providing some relief to those taxpayers who have suffered devastating capital losses, he said. (Murray Ledger & Times, KY)
Tips to file your tax return Apr 4, 2009
g., house property loss, short-term capital loss, long-term capital loss, etc. . (India Times, India)
Tread carefully or risk getting burned by bonds Mar 26, 2009
They'll not only be stuck with the 1-per-cent return, but if they wish to sell they'd actually take a capital loss as well. Another thing you need to know about the bond bubble is that it only applies to government bonds. (Globe and Mail -- Business)
Senate GOPs Brake Rush To Tax AIG Bonuses Mar 21, 2009
"The lawsuit contends in part that the federal government owes AIG nearly $62 million in foreign tax credits related to eight foreign entities, with names like Lumagrove, Laperouse and Foppingadreef, that were set up or controlled by financial products, often through a unit known as Pinestead Holdings.United States tax law allows American companies to claim a credit for any taxes paid to a foreign government. But the IRS denied AIG's refund claims in 2008, saying that it had improperly... (Click2Houston, TX)
AIG sues US for refund of $306m in taxes Mar 20, 2009
The remainder of AIG's claim, for $244 million, concerns net operating loss carry-backs, capital loss carry-backs, a general refund claim, and claims for refunds of other tax-related payments that AIG says it made to the IRS but are now owed back. The claim also covers $119 million in penalties and interest that AIG says it is due back from the government. (Boston Globe)
Finding tax relief for your battered portfolio Mar 19, 2009
Let's face it, many Canadians experienced capital losses in 2008 ... If you didn't have capital gains in any of those three prior years, you can carry your 2008 net capital losses forward indefinitely for later use ... Can you claim a capital loss. (Globe and Mail -- Business)
Staying afloat in stormy waters Mar 19, 2009
Cashing in a security that has lost a lot of value isn't ideal, but at least you can use it as a capital loss to offset any capital gains you may have accumulated over the past three years, or will realize in the future. For those with a higher income, it might be wiser to borrow from a line of credit and pay the interest, instead of withdrawing money from an RRSP and having to pay the deferred taxes, he says. (Globe and Mail -- Business)
GE Capital Loss Lurking in Moscow Car Loans Coupled With U.S. Credit Cards Mar 19, 2009
GE Capital Loss Lurking in Moscow Loans, U.S. Cards (Update3) - Bloomberg ... GE Capital Loss Lurking in Moscow Loans, U.S. Cards (Update3). (Bloomberg)
Bursa suspends Amanah Harta Tanah Mar 13, 2009
If we were to add the 1% annual fee paid to management, it would amount to cumulative capital loss of 28% to unitholders, he said. In the past 10 years, AHP2 units had been trading at a discount to their net asset value (NAV). (The Star Online, Malaysia -- Business)
Eagle, First National, Heartland boost profits despite economy Mar 7, 2009
We were able to declare it as an operating loss and not a capital loss. At the Business Bank, which was in the red in 2007 and managed a profit in 2008, which was a much tougher environment, President Mike Flavin said, We had a significant concentration in residential construction lending and, perhaps we were facing some of the tough credit issues earlier than others. (St. Louis Business Journal, MO)
Mutual Funds &Personal Finance Mar 7, 2009
The capital loss rules also apply when securities you own become totally worthless ... "That's the sign the stock is worthless and you can claim a capital loss on your tax return," Van Grevenhof said ... If that occurred last year, you can claim the capital loss on your 2008 return. (Investors Business Daily)
What Happens When You Sell An Exchange Property At A Loss? Mar 5, 2009
"Do I have a capital loss of $25,000, and if so, how will that impact my tax return?" I'm currently getting a lot of calls from people with questions similar to this. Most of them are annoyed, and a few just down right mad, to discover that instead of the loss they think they have, they have a gain on the sale. (RealtyTimes)
Nearly one-half of Canadians plan to either deposit or reinvest their income tax refund or use it to pay down debt, according to Scotiabank poll Mar 2, 2009
" Whether you ultimately decide to deposit/reinvest or pay down debt, Mr. Salahudeen encourages Canadians to file their tax returns early so they get their refund back as quickly as possible, thereby accumulating or saving as much as a month and a half of interest. The study also found that eight per cent of respondents said they would go shopping/buy things, while five per cent said they would use their refund to go on a vacation and four per cent said they would do some home renovations. "If... (Canada Newswire)
Inflation-protected investments never fall from favor even as deflation looms Feb 28, 2009
I don't need any more capital losses, because I've got so much to carry forward already ... You may not "need" more capital loss carryforwards, but they still make international investing relatively attractive ... By selling one broad international fund and buying another, you can realize capital losses and carry them forward to provide tax savings on other income sources, albeit limited to $3,000 a year. (Boston Globe)
Northern Offshore Reports Fourth Quarter and Full Year 2008 Financial Results Feb 26, 2009
Text hiding to spacing. Northern Offshore Logo. (PR Newswire)
Fluor posts record financial results Feb 26, 2009
Fluor said its fourth quarter 2008 benefited from a low tax rate, including a $12 million reduction for the capital loss resulting from the sale of office facilities in the United Kingdom. In the comparable period a year ago, Fluor said it benefited from a $123 million tax settlement. (Dallas Business Journal, TX)
Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Year and Three Months Ended December 31, 2008 Feb 24, 2009
Storm also has a capital loss in the amount of $9 ... Details of the Company's tax pools are as follows: ------------------------------------------------------------------------- December 31, 2008 Maximum Annual deduction ------------------------------------------------------------------------- Canadian oil and gas property expense 85,297 10% ------------------------------------------------------------------------- Canadian development expense 75,703 30%... (CCNMatthews Press Releases)
Malaysian Bond Market Feb 21, 2009
A significant mismatch in supply-demand situation would steepen the yield curve further due to higher capital loss sensitivity on the long-end. Hence, from a bond investors perspective, the current situation still calls for a cautious stance on the MGS market. (The Star Online, Malaysia -- Business)
Hitting the right note when planning for the future Feb 14, 2009
He could end up with a capital loss. Use his RRSP and other savings to pay the mortgage he could pay down a portion of the mortgage with savings via a Home Buyer's Plan loan from his RRSP. Over time, the condo would probably gain in price, but there would be some reduction in growth of value of retirement savings. (Globe and Mail -- Business)
Arrest your super seizure Feb 11, 2009
Because it will still be paying interest and dividends and any capital loss is only on paper ... Note there's a world of difference between switching from cash to a growth asset, which isn't going to cost you anything, to switching out of a growth asset into another one or cash, which in this market would mean taking hefty capital losses on the chin. (Sydney Morning Herald -- Business)
Capital loss, severance, other tax questions Feb 10, 2009
Since JPMorgan Chase bought most of the company last year, I'm wondering if we can write it off as a capital loss for 2008, or do we have to sell the stock ... A: In general, you must sell a security to realize a capital loss ... However, if it becomes completely worthless, you can take a capital loss deduction without selling it. (San Francisco Chronicle -- Business)
Column: Cutting losses to lower taxes Feb 8, 2009
For example, if you purchased $10,000 worth of stock more than 12 months earlier, but its value has declined to $8,000, you could sell it today and realize a long-term capital loss of $2,000 ... While taxpayers often realize long-term capital losses to offset long-term capital gains, taking long-terms capital losses to offset a long-term capital gain otherwise taxed at zero percent is not necessarily a tax-saving strategy ... Keep in mind that capital losses offset capital gains in the same year... (Hopkinton Town Crier, MA)
