This week's feature Cost Basis article indicates, "determining your basis is never an easy task," especially when a dividend reinvestment plan is in place. "When you own a fund and elect to reinvest dividends and distributions, you get taxed on that gain but never see the money because it is reinvested in the fund. The amounts of reinvested dividends and distributions should be added to your original purchase price to determine your total cost basis of the fund."
The ESI-APPRAISE Dividend Reinvestor, click HERE for a sample report, makes this process easy. It calculates the cost basis, market value, and capital gains (losses) for dividend reinvestment plans, automatically adjusting for stock splits.
Last week's Time Saver / Helpful Hint topic was:
"October is Estate & Gift Planning Awareness Month"
Last month, we focused on our Estate Tax valuations which are our most frequently used service. Another popular type of valuation, which has to adhere to the same stringent IRS regulations are Grantor Retained Annuity Trusts (GRATs). Our clients have the capacity to produce these with or without accruals. Please take a moment to look at the sample reports below. If you click on the heading below, they will appear in more detail.
Here's how you can generate a
valuation with us (see below):
1. Secure online solutions (You produce the report and save money)
· APPRAISE Windows: Software on your computer; internet connection to access the data
· APPRAISE ASP: Software on our computer - data on yours; no installation or upgrades; can be accessed from any computer on your company network; more features than software
· APPRAISE Web: Internet application using credit card; can be run from anywhere
· ESI-Direct: No software; value your ONESOURCE securities using the internet from FPS
2. Outsourcing solution (we have the expertise, do the work, and save you time):
· Valuations can be submitted/delivered via email, fax, overnight courier, or mail
