COST BASIS ANALYSIS EXPERT AVAILABLE FOR TAX-RELATED STORIES

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 12, 2010 -- April 12, 2010 (Phoenix):


WHO: Nico Willis, president and CEO of NetWorth Services
Over 23 years of experience in the financial industry, cost basis analysis expert

WHAT: Upcoming Jan 1, 2011, legislation will impact investors of every kind; important to start preparing now

WHERE: Throughout the United States; will affect all investors from individuals to large institutions

WHEN: 2010 tax season and moving forward as investors prepare to deal with mandatory cost basis accounting legislation

What’s Urgent Now:

• It’s important to understand sales methodologies (FIFO, LIFO, etc.) in order to reduce your capital gains taxes.

• How to avoid Wash sales violations and how to adjust your cost basis when in violation.

• How to effectively generate a $3,000 loss to offset taxes.

What’s Important Moving Forward:
• Shares purchased prior to Jan. 1, 2011, are subject to cost basis so be sure to look into a cost basis analysis tool, such as NetBasis, to insure accurate results

• Undergo a spring cleaning of your portfolio and do your cost basis updating now to get ready for Jan. 1, 2011
• Manage it going forward so you know what you want to sell before the 2011 tax season
• Keep good records – it is important for you to know how you select what and when you sell – the new tax regulation changes everything

For more information, contact Beth McRae, beth@mcraeagency.com, 480-990-0282 or 602-330-1996.