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Worthless Stock, Selling Gains and Getting Your Cost Basis in Order.

Top List of Tips for 2009 Year-End Tax Planning

MINNEAPOLIS -- Tax season is still a few months away, but there are steps investors can take before the new year to help lessen their tax impact, according to experts at GainsKeeper and Capital Changes, both part of Wolters Kluwer Financial Services.

While the financial markets did begin to rebound this year, investors have faced struggles in the financial services sector and disappointing company earnings and profits. But tax-smart trading decisions can provide some relief, say Stevie Conlon, tax director for GainsKeeper, and John Kareken, senior analyst for Capital Changes. They say investors might want to consider the following:
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Investors should take advantage of the last month of the year to organize their financial records and consult with their tax or financial advisor to discuss optimal tax strategies. Kareken also suggests that shareholders pay close attention to their 1099-DIV forms as they start arriving in January 2010 for dividend payments characterized as a return of capital.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP[R] Mortgage Solutions, PCi, AppOne[R], GainsKeeper[R], Capital Changes, NILS, AuthenticWeb[TM] and Uniform Forms[TM]. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) [euro]3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
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Publication:Business Wire
Geographic Code:1U4MN
Date:Dec 1, 2009
Words:266
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