IRS Rules on written advice have been tightened...
The IRS rules that govern the degree of risk we can legally take when providing you with advice have been tightened.
We wanted to make you aware of these rules so that you understand the IRS’s increased focus on collecting taxes and penalties from those who have, and prepare, aggressive tax returns and use tax avoidance schemes.
Are dividends taxed at a special tax rate? |
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Yes. For tax years through 2008 qualified dividend income is taxed at the lower capital gain rates of 5% or 15%. There is a special bonus for taxpayers who are in the 10% and 15% ordinary income tax brackets in 2008. They will pay NO tax on their qualified dividend income for this one year only as the current tax laws stand. |
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