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Monday, March 7, 2011

[Individual]Ordinary Dividends and Qualified Dividends (Mar-04-2011, 46 days left)

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Ordinary dividends are ordinary income, rather than capital gains. You can assume that any dividend you receive on common or preferred stock...

[Individual]Original Issue Discount --OID (Mar-03-2011, 47 days left)

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OID is a form of interest. You include OID in your income as it accrues over the term of the debt instrument, whether or not your receive ...

[Individual]U.S. Treasury Bills, Notes and Bonds (Mar-03-2011, 47 days left)

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Interest income from Treasury bills, notes and bonds is subject to federal income tax but is exempt from all state and local income taxes. I...

[Individual]Taxable Interest Income 3 (Mar-02-2011, 48 days left)

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1. U.S. obligations: Interest on U.S. obligations, such as U.S. Treasury bills, notes, and bonds, issued by any agency or instrumentality ...

[Individual]Taxable Interest Income 2 (Mar-01-2011, 49 days left)

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1. Money borrowed to invest in certificate of deposit The interest paid for the loan and the interest earned from CD are totally two separ...

[Individual]Taxable Interest Income 1 (Feb-28-2011, 50 days left)

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1. Dividends that are actually interest Certain distributions commonly called dividends are actually interest, such as inter...

[Individual]Interest Income -- General (Feb-27-2011, 51 days left)

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There are several types of interest income, not only the interest earned on your saving account, but also some others from your estate, trus...