Tue 25 Mar 2008
The IRS issued a Revenue Procedure that returns to be filed solely for the purpose of obtaining the rebate.
If you do not otherwise need to file, you can file a return that shows $1 of adjusted gross income. The IRS will then know to send you a payment. Let us know if you have any questions on completing this filing.
Tue 4 Mar 2008
Euro: Some advisors now think that the play of the Euro against the dollar is over. Here is a quote from MorningStar on the activity of one fund:
Some managers think that the euro and pound may be significantly overvalued versus the United States dollar. As a result, a number decided to hedge assets denominated in those currencies.
Bond Funds: The discount you see in closed end bond funds may entice you to buy, but be cautious and do your homework. If the bonds are discounted because of poor credit ratings, the discount may be fair. On the other hand, if they are discounted or “over-sold” from market fears, then you may have a buying opportunity. With the shake up now in bond credit rating companies, your investment needs to be guided by good research.
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