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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 20, 2000
Page
12
A reader asks if a sizable gift from a foreign national father-in-law is taxable. Bruce Williams explains that money from outside the United States is taxable income unless proven a gift, and interest earnings on the gift are taxable.
In Seattle, 9,660 of 13,440 eligible SP EEA members approved a three year contract ending a major white collar walkout at Boeing. Techs receive 4 percent year one and 8 percent in years two and three, engineers 3 percent annually, with health coverage extended to domestic partners and bonus structures replacing lump sums.
The article explains that a 1998 Ohio income tax refund may be taxable if a tax benefit was received from itemizing deductions on federal taxes. If deductions were itemized, parts of the refund may be taxed. if not, the refund is tax-free. It also notes the AARP Tax-Aide program offers free prep and counseling via 1 668 AARP NOW or aaarp.org/taxaide.
Investors weigh whether to sell after big gains amid high tech valuations. Consider need for cash, seasonality, personal finances, emergency funds, and paying debt. Some argue letting profits run, but rising risk and volatility tempt exits or shifts to better ideas. Trust gut instinct if signals point to selling.
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