2007 Year End Tax Tips - Tip #2

Beware the Coming Tsunami of Mutual Fund Distribution

As the end of the year nears, NBR offers some pointers that could help you lighten your tax load come April. Tonight, our tax guru, Kevin McCormally of Kiplinger's Personal Finance, discusses the headaches and opportunities that come with year-end mutual fund payouts.

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External Links/Articles*

• Financial Industry Regulatory Authority (FINRA)
  FINRA is a "non-governmental regulator for all securities firms doing business in the United States." This links to the "Investor Information" section of the FINRA website, which includes educational material about mutual funds.
• Internal Revenue Service (IRS)
  This links to the Table of Contents of IRS Publication 564, which focuses on Mutual Fund Distributions. This is a copy of the publication for use in preparing 2006 Returns. The IRS will soon update it for 2007.
• Securities and Exchange Commission
  The SEC regulates equity markets in the U.S.. This links to a section of the SEC website called, "Invest Wisely: An Introduction to Mutual Funds." It includes a discussion of mutual fund distrubutions.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.