Your clients probably have a lot of questions when they receive their year-end statements and tax documents. Our Tax Center can help you provide the answers they need.
Capital Gains
Favorable tax rates for long-term capital gains have been extended through 2010. For individuals in tax brackets higher than 15%, long-term capital gains are taxed at 15%. For those in the 10% or 15% tax brackets, the long-term capital gains tax rate is 0%.
You may want to remind clients that funds with a long-term investment strategy accumulate gains over time. That’s why capital gains distributions can be high in a year with negative returns and low or nonexistent in a year with positive returns.
Other Tax Matters
- Tax-free and municipal fund information—helps assess the tax-exempt status of dividends from municipal investments, as well as any short- and long-term capital gain distributions.
- U.S. Government Obligation information—helps determine what portion of ordinary dividends derived from interest earned on U.S. Government securities may be tax exempt.
- Foreign Tax Credit Letter—explains whether shareholders of Calvert World Values International Equity Fund qualify for foreign tax credits or deductions.
Is your client getting a tax refund? If so, remind them that they can have their refund deposited directly into their Calvert funds account by completing and submitting IRS Form 8888 with their tax return.
G500 (4/09)
