Wednesday's Personal Finance Stories
- Big tax mines that could blow up your return
- Top tax sites online: How to choose
- Investing: Keep it simple for best returns
Andrea Coombes, our personal finance editor, writes about tax changes that could trip you up, such as new rules and a new form for reporting cost basis for stocks sold in 2011, new rules for reporting financial assets overseas, and information on IRA conversions.
We also have a column from Eva Rosenberg comparing some of the top online tax preparation services and highlighting how to find useful tools and good answers to tax questions.
We'll have more TaxWatch columns, news tools and tips in coming weeks.
— Anne Stanley , Managing Editor, Personal Finance
Most people don't have tax returns as complex as Mitt Romney, Newt Gingrich or Barack Obama, but even if you aren't reporting a Cayman Island account or many millions in S-corp. profits or book sales, there are brand-new pitfalls to watch for as you go to do your 2011 return.
Read more: Big tax mines that could blow up your return.
Which tax software provider is the best? MarketWatch's Eva Rosenberg looks at five of the top providers to compare the services they offer — and how much it all costs.
Read more: Top tax sites online: How to choose.
Complex structured investments may not be worth the headache, while simpler investments may pay off just as well — or better.
Read more: Investing: Keep it simple for best returns.
It's easy to see why the bulls are advancing the notion that the financials sector is a leading market indicator: Since the October lows, the sector has gained nearly 30%, handily outpacing the 20% gain for the S&P 500 index.
Read more: A leading indicator of a higher market?
President Barack Obama uses his State of the Union address Tuesday to describe specific plans to move toward an economy that is "built to last."
Read more: Obama calls for economy ‘built to last.'
SOPA is off the table for now. But it did not disappear; it may very well come back under a different name.
Read more: What SOPA-like regulations would mean.
A Portuguese default will trigger a whole-scale retreat from the euro-zone — and right now that looks like the trigger for the collapse of the system, writes Matthew Lynn.
Read more: Forget Greece; it's Portugal that'll destroy euro.
Japan posts its first annual trade deficit since 1980, with December's trade gap wider than expected, with analysts divided over how long it will take to return to surplus.