When looking at a monthly brokerage statement, an investor’s eyes go straight to the bottom line―the account value. But there’s a catch. If you have big gains and decide to play it safe and take some of that money off the table, taxes will take a hefty chunk of those profits. Brokerage firms know how to handle such risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves. In this indispensable guide, Robert Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. Written in plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient choices and to protect their portfolios. The emphasis is on practical application, aimed at guiding you to specific, accessible tax-saving goals without having to wrestle down the entire Internal Revenue Code. Thanks to the talents of Gordon and respected journalist Jan M. Rosen, this book is clearly organized along transactional lines, offering easy entry for busy readers and allowing investors to zero in on a powerful array of proven, tax-minimizing techniques and strategies. By the time you finish reading Wall Street Secrets for Tax-Efficient Investing , you will be on your way to reducing your tax bite to a nibble and enjoying the full benefit of your investment earnings. "It ain't so that Congress has closed all tax loopholes for investors. The cunning Robert Gordon has found some doozies." -- Forbes, December 10, 2001 A highly informative and original work written by the leading authority on the subject. Destined to be a classic. -- Thomas J. Herzfeld, President, Thomas J. Herzfeld Advisors An outstanding book for investors and their advisors on the art of tax-wise investing. -- Sidney Kess, CPA, Attorney Every taxpayer should have a copy as a guide in the never ending joust with the revenue codes. -- Robert H. Stovall, CFA, Senior Vice President & Market Strategist, Prudential Financial If you hate taxes, you'll love this book! -- Ed Slott, CPA, editor of "Ed Slott's IRA Advisor" This is a must-read for investors looking for an easy to understand book on the taxation of investing. -- Richard J. Shapiro, tax partner, Ernst and Young LLP [A] very valuable guide to minimizing tax on all kinds of investments. -- Martin Edelston, Publisher, Bottom Line/Personal “Bob Gordon and Jan Rosen know that it’s what you keep rather than how much you earn that really counts. This book provides an easy-to-read-and-remember menu of tax-minimizing techniques and strategies. Every taxpayer should have a copy as a guide in the never-ending joust with the revenue codes.” ― Robert H. Stovall, CFA Senior Vice President and Market Strategist, Prudential Financial “Understanding the growing range of tax-efficient investing alternatives is no longer an option ― it’s a critical element of sound financial planning. This book is an essential tool for grasping and maximizing today’s rapidly expanding menu of innovative investment choices.” ― Peter Quick President, American Stock Exchange “If you hate taxes, you’ll love this book! Authors Robert Gordon and Jan Rosen reveal a catalogue of tax-cutting strategies for taxpayers and investors.” ― Ed Slott, CPA Editor, Ed Slott y ’s IRA Advisor “A book every investor should have on his desk― a very valuable guide to minimizing tax on all kinds of investments , from retirement plans to college savings to swap contracts.” ― Martin Edelston Publisher, Bottom Line/Personal When looking at a monthly brokerage statement, an investor’s eyes go straight to the bottom line—the account value. But there’s a catch. If you have big gains and decide to play it safe and take some of that money off the table, taxes will take a hefty chunk of those profits. Brokerage firms know how to handle such risk for their own accounts, hedging holdings, for example, to iron out volatility instead of incurring taxable capital gains. Savvy individual investors can use the same techniques to protect themselves. In this indispensable guide, Robert Gordon, a Wall Street veteran, shares the strategies of an insider to demonstrate how you can use the tax laws to your advantage. Written in plain English, this book explains federal and state tax considerations that investors need to know to make the most tax-efficient choices and to protect their portfolios. The emphasis is on practical application, aimed at guiding you to specific, accessible taxsaving goals without having to wrestle down the entire Internal Revenue Code. Thanks to the talents of Gordon and respected journalist Jan Rosen, this book is clearly organized along transactional lines, offering easy entry for busy readers and allowing investors to zero in on a powerful array of proven, tax-min