The Options Industry Council (OIC) announced today that an addendum to its Taxes and Investing brochure is now available on the OIC Web site at
http://www.888options.com/store/taxguide_new.pdf. The new addendum, written by Richard J. Shapiro, Tax Partner, Ernst & Young LLP, explains the impact of the Jobs Growth Tax Relief Reconciliation Act (JAGTRRA) of 2003 on options.
New topics include:
- Reduction of Tax Rate on Capital Gains
- Reduction of Tax Rate on Dividends
- Accelerated Reduction of Individual Tax Rates
The addendum serves as a temporary update to OIC's Taxes and Investing brochure which provides a general discussion of the tax law affecting options investments. A comprehensive version of the brochure, incorporating topics covered in the addendum as well as additional information from JAGTRRA, will be completed shortly.
