Reuters Money

Pay less to the IRS with tax-managed mutual funds

January 27, 2011

Werner Renberg is a writer and author based in Chappaqua, N.Y. He is the author of four books, including All About Bond Funds: A Complete Guide for Today’s Investors. The opinions expressed are his own.

How to screen mutual funds for tax efficiency

January 27, 2011

A trader work on the floor of the New York Stock Exchange, November 29, 2010. REUTERS/Brendan McDermid Lipper’s Fund & ETF Screener, which enables you to learn much of what you may want to know about any of over 22,000 mutual funds and fund share classes, can be especially helpful in screening both the tax efficiency and the pre-tax performance of the current 55 tax-managed equity and mixed asset funds tracked by this major fund data and research firm.

Are you afraid of a tax audit?

January 25, 2011

Abdul Haji (R), a volunteer from AARP for the Internal Revenue Service's Volunteer Income Tax Assistance Program, helps Ahmad Haleem (C) fill out his income tax return at the Southwest Neighborhood Library in Washington, April 15, 2010.    REUTERS/Jonathan Ernst   Mark Berg did a very smart thing when the Internal Revenue Service (IRS) told him that he was about to be audited last year — he didn’t panic. “It strikes the fear of God in your heart when you get the [IRS audit] letter, though there is nothing to fear when you haven’t done anything wrong,” says Berg, president of Timothy Financial Counsel, Inc. and a national board member of National Association of Personal Financial Advisors (NAPFA).

IRA-to-charity rollovers are a smart move for retirees

January 21, 2011

A bird flies past a couple sitting on the beach in Rehoboth, Deleware, September 10, 2010.  REUTERS/Jim Young  Since 2006, a popular tax rule had permitted those aged 70-and-a-half or older to donate up to $100,000 from their Individual Retirement Accounts to charity. Last year, as the tax flux dragged on, no one knew whether this provision would stay or go.

The quest for high dividends overseas

January 20, 2011

An official of the Volksbank Bosnia branch presents a handful of newly-launched euro bank-notes in the capital Sarajevo on January 3,2002.REUTERS/Danilo KrstanovicA recent Portfolioist.com piece on the tradeoffs of investing in dividend stocks instead of bonds sparked a lively discussion about global dividend stocks. The big question for readers: “How come no one ever writes about income investing outside the U.S.?”

House panel opens tax reform talk: What do you think?

January 20, 2011

A man holds a sign at a tax day rally by Tea Party activists in the New York City suburb of New City, New York, April 15, 2010. REUTERS/Mike Segar

It’s opening day on what could be a long tax reform season, with the House Ways and Means Committee holding its first hearings on the topic on Thursday. The witness list is somewhat stacked with reform advocates –-  like Nina Olson, the national taxpayer advocate, and Kevin Hassett of the American Enterprise Institute –- and corporate types who are likely to say they’ve been beleaguered by tax complexity.

How to fix underwater charitable trusts

January 18, 2011

An employee of the Korea Exchange Bank (KEB) counts U.S one hundred dollar notes at the bank's headquarters in Seoul November 11, 2008.  REUTERS/Jo Yong-Hak It was a perhaps inevitable problem after the market downturn: Charitable trusts that are underwater.

The Prairie State pestilence: Pensions, budget woes spread

January 14, 2011

Protesters demonstrate during a rally against government cutbacks for social services in Aurora, Illinois, June 18, 2009. REUTERS/John GressThe fiscal malady that plagues Illinois — and its painful treatment — may be coming to a state, county or municipality near you.

6 top financial trends for 2011

January 3, 2011

Trader Theodore Weisberg smiles as he wears a hat from March 1999, the first time the Dow rose above 10,000, on the floor of the New York Stock Exchange, October 14, 2009. REUTERS/Brendan McDermid  Although the old Chinese curse “may you live in interesting times” has a certain irony about it, this year will certainly not be dull for investors.

Paying your caregiver on the books

December 28, 2010

A nurse  takes the blood pressure of elderly patient Hazel Sears at Sears' home in Bethesda, Maryland, September 21, 2007. REUTERS/Jim Bourg Even if you’re not a political candidate running for office, paying your domestic help on the books is the law—and the right thing to do.