2011 Tax Changes: What You Should Know

If you are self-employed your tax rate falls from 12.4% to 10.4%. This tax cut will be built into a quarterly withholding worksheet that the IRS hopes to release soon. Expires at the end of 2011. Estate and gift taxes ... As of 2011, brokers need to track clients' purchases of stock, real-estate investment trusts and foreign securities. Once the asset is sold, brokers are asked to report the original cost to the IRS. They hope that by doing so, there will be an ...

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