It's nice to own stocks, bonds, and other investments. Nice, that is, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? Is it ordinary income or a capital gain? To … [Read more...]
Windward Tax Bulletin: Taxation of Investments
Windward Community: Weston, Missouri
Weston, Missouri, known as the best small town in Missouri, is located approximately 35 miles northwest of downtown Kansas City on the Missouri River. Weston is known for being a great place to experience American history. Weston has a little bit of everything to offer from historic homes, … [Read more...]
Windward Passages: Charitable Gifting
What constitutes a gift to charity? A gift to charity is simply a gratuitous transfer of property to a charitable organization. The key is that your gift must be some kind of property--your time or personal services do not count. There are several different types of property that can be donated to … [Read more...]
Windward Tax Bulletin: Choosing Your State of Domicile
What is it? Your domicile is the state where you maintain your legal residence. Domicile is determined by intent, rather than by the length of time you spend in a state. You may establish a state as your domicile the first moment you occupy property there, provided your intent is to return there if … [Read more...]
Windward Passages: Understanding Risk
Few terms in personal finance are as important, or used as frequently, as "risk." Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under … [Read more...]