capital loss tax

• 26 CFR 301.6511(d)-2 - Overpayment of income tax on account of net operating loss or capital loss carrybacks.

• Code of Federal Regulations - Title 26: Internal Revenue

• Capital Corp of the West Reports $13.9 Million Pre-Tax Loan Loss Provision Contributed to Second Quarter Net Loss of $12.0 Million.

MERCED, Calif. -- Capital Corp of the West (NASDAQ:CCOW), parent company of County Bank, today announced that a second quarter pre-tax loan loss provi...

• Business Wire
• August 11, 2008

• Tax Court denies capital loss generated by a partnership formed with an unrelated foreign bank.

The Tax Court held, in ASA Investerings Partnership, AlliedSignal, Inc., TC Memo 1998-305, that a partnership formed by AlliedSignal (Allied) with a f...

• The Tax Adviser
• Vol. 29 Nbr. 11, November 1998

• The Corner of Wall & Main: Trimming Investment Dogs at the End of the Year

With more than a handful of trading days to close out 2011 and the S&P 500 once again underwater on a year-to-date basis, it's time for investors to take stock of their portfolios to decide what companies and positions they should continue to own into 2012 versus those that should be jettisoned before we get there. Now you may hear this and say, "This sure sounds like window dressing," but it's not. For those not familiar with the term, window dressing is a strategy used by mutual fund and hedge fund portfolio managers near the end of the year or quarter to improve the appearance of the portfolio/fund performance before presenting it to clients or shareholders. To window dress, the fund manager will sell stocks with large losses and purchase high-flying stocks near the end of the quarte...

...A capital gain or loss can be categorized as either short-te...

• The Washington Times
• December 16, 2011

• United States v. Foster Lumber Co., 429 U.S. 32 (1976)

..., as amended, provides that a "net operating loss" experienced by a corporate taxpayer in one year m... had ordinary income of about $7,000 and a capital gain of about $167,000. After applying the "altern...

• U.S. Supreme Court

• There's Still Time to Find Ways to Cut Taxes

As the year draws to a close, Consumer Reports Money Adviser's experts think you should take time out from gift shopping and party hopping to make a few tax moves that will save you money when you file your 2011 return next year. *Take losses: Selling stocks, bonds or funds at a loss has several tax advantages. Capital losses can offset any capital gains you've taken this year, reducing or eliminating the tax liability.

• Buffalo News
• December 28, 2011

• Use Stimulus Check or Tax Rebate to Fund Job Change/Loss by Starting a 'Career Asset Working Capital Fund'

To: LABOR EDITORS Contact: Pam Kassner for Financial Service Group, +1-414-510- 1838, pam@superpear.com

• U.S. Newswire
• April 29, 2008

• Kids' Gift, Gambled Away, May Be Theft

In my daughter's divorce settlement two years ago, each of her children was awarded $3,700 for savings bonds that were cashed. I bought the bonds for my grandchildren's education. Her former spouse gambled the money away. I have proof from the U.S. Treasury that the bonds were redeemed. Her ex has not paid the money to the children. Can this be considered bad debt, and if so, can it be deducted from my daughter's taxes? A non-business bad debt is deductible only when it becomes wholly worthless and is treated as a short-term capital loss on the creditor's income tax return. There are specific rules addressing the definition of a debt and the timing of when it becomes worthless.

• The Record, Bergen County, NJ
• March 17, 2011

• A Taxing Proposition

The total dividend income earned by Floridians of all income levels last year was $19.5 billion. That's 50 percent more than the $12.9 billion Floridians received in taxable Social Security benefits. You simply cannot raise the top dividend tax rate by 164 percent and not expect it to have a ripple effect throughout the state's economy. Don't think that just because you hold dividend-paying stocks in your retirement plan you are exempt from the impact of a dividend tax increase. The fact is that every dividend-paying stock will suffer a capital loss. Here's why. Let's say there's a stock in your retirement plan that is valued at $50 a share with the dividend tax rate at 15 percent. If the top tax rate increases to 39.6 percent, investors will no longer be willing to pay $50 for that sto...

• Westside Gazette
• October 26, 2010

• Partnership Tax Allocation May Do More Harm Than Good

Taxpayers invest in partnerships for a variety of reasons. Partnerships can be structured to attract certain types of investors. This can be accomplished through the partnership agreement itself or through the use of multi-tiered partnerships. Sometimes, an arrangement involving a partnership allocation is structured in such a way that it attracts IRS scrutiny. The utilization of state tax credits is the first part of a two-part strategy to reduce a taxpayer's total federal tax liability. The second part of this strategy involves the sale of the investor's interest in the partnership, at a fraction of its basis, to one of the partnership's promoters in order to generate a capital loss. In one sense, the strategy described in CCA 200704028 is arguably a testament to the creative tax plan...

• CPA Journal, The
• Vol. 78 Nbr. 12, December 2008