My Tax Handbook

Tax Guide

2007 Tax Guide (6.49MB)

Introduction

This comprehensive and informative web site is a tool to assist you or your tax professional with the preparation of your tax returns. It contains examples, explanations, and illustrations from Internal Revenue Service (IRS) schedules to help you use your tax information statement. The information on this web site is also available in a PDF format from the 2007 Tax Guide link located on the top of each page of this site. If you need high resolution images of the forms on this site, please refer to the PDF.

If your account was transferred to our firm during 2007, your tax information statement only reports investment activity that occurred since you began doing business with us. We hope you will find this web site to be a useful and effective tool in the preparation of your 2007 tax returns.

Read Before You File

If you held a mutual fund, real estate investment trust (REIT), or unit investment trust (UIT) in 2007, we may send you a revised tax information statement. Please be aware that not all issuers made their final distribution information available until after January. See the Dividends and Distributions section of this site for more information.

Additional Information

IRS Website

Contents

Important Information for Preparing Your 2007 Income Tax Return

Introducing Your Tax Information Statement

General Information About Your Tax Information Statement

Regulated Futures Contracts IRS Form (1099-B and 6781)

Proceeds From Broker and Barter Exchange Transactions (IRS Form 1099-B)

Interest Income (IRS Form 1099-INT)

Dividends and Distributions (IRS Form 1099-DIV)

Capital Gain Distributions (IRS Form 1099-DIV)

Margin Interest Expense

Original Issue Discount (IRS Form 1099-OID)

Calculation and Adjustment of Original Issue Discount (IRS Form 1099-OID)

Additional Information

Municipal Tax-Exempt Interest and Municipal Original Issue Discount

CDOS, CMOS, REMICS and WHMTS

Disclaimer: This web site is not intended to provide tax advisory services. We suggest that you consult your tax professional to discuss the appropriate federal, state, and local tax treatment of your transactions. This site, as well as your tax information statement, is intended solely to assist you in accumulating data to prepare your income tax returns and should not be construed as tax advice. All amounts and transactions displayed in this site are only samples, and do not represent actual transactions. Accordingly, no guidance should be inferred as to any specific transaction from the samples in this site.


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