On Monday, February 13, President Obama sent to Congress his budget proposals for fiscal year 2013, which begins October 1, 2012. The $3.8 trillion proposal outlines five principles for tax reform and proposes that a “Buffett Rule” replace the current alternative minimum tax. It continues the 2001 and 2003 income tax rate cuts but excludes ...
Tax legislationBrokers must track and report cost basis to both you and the IRS Anyone who has ever been baffled by calculating the net proceeds from the sale of an investment will find some relief, starting with the 2011 tax return due April 17. If you bought any stocks after January 1, 2011, and sold them ...
Tax legislation
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