The New 1040 Is Shorter, But Not Simpler

The familiar 1040 tax form is getting a big makeover. Treasury secretary Steven Mnuchin said that the Internal Revenue Service (IRS) will release a new Form 1040 this week: “It will be a postcard as we’ve promised.” As of early this afternoon, nothing about it had been posted yet on the IRS website, but The…

 

Conversations on Picking Good Stocks and Funds

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Minimizing Taxes With Asset Allocation Asset location is a tax-minimization strategy of placing investments in accounts that ultimately will produce the highest aftertax return for the investor’s entire portfolio. Investors who can benefit the most from asset location strategies are those who follow a…