Q. My wife receives Social Security disability income and my 12-year-old daughter qualifies and receives Social Security dependent income. Do I need to file taxes for my daughter on the income she received from Social Security?
A: According to the IRS website, generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return.
IRS Topic 423, "Social Security and Equivalent Railroad Retirement Benefits," provides good information about tax rules applying to Social Security benefits.
Hot Railroad Stocks To Own For 2015: CytRx Corporation(CYTR)
CytRx Corporation, a biopharmaceutical research and development company, engages in the development of human therapeutics, specializing in oncology. Its drug development pipeline includes INNO-206, which is in Phase II clinical trials for the treatment of soft tissue sarcomas and is in Phase Ib/2 clinical trials for the treatment of solid tumors; and tamibarotene that is in Phase II clinical trials for the treatment of non-small-cell lung cancer and acute promyelocytic leukemia. The company also develops Bafetinib, which is in Phase II clinical trials for the treatment of B-cell chronic lymphocytic leukemia and advanced prostate cancer, as well as in pharmacokinetic clinical trial for brain cancer. CytRx Corporation was founded in 1985 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Bryan Murphy]
Though worth keeping on your radar, until today, CytRx Corporation (NASDAQ:CYTR) wasn't actually a name worth taking a swing on. Today's action changed everything, for the better. Thanks to Wednesday's 6.0% pop, the CYTR tide has convincingly turned bullish.�
- [By Lauren Pollock]
Biopharmaceutical development company CytRx Corp.(CYTR) and early-stage diagnostics company Cancer Genetics Inc.(CGIX) separately disclosed plans to sell stock. CytRx, whose offering of 10 million shares priced at an 18% discount, is aiming to raise money to fund its clinical trials, while Cancer Genetics wants to hire more sales and marketing personnel, as well as fund research and development. CytRx dropped, while Cancer Genetics fell.
Top 5 Railroad Stocks To Watch Right Now: Farmer Brothers Company(FARM)
Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products. Its product line includes roasted coffee; liquid coffee; and coffee related products, such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, gravy and sauce mixes, pancake and biscuit mixes, and jellies and preserves. The company distributes its products through direct and brokered sales to institutional foodservice establishments, including restaurants, hotels, casinos, hospitals, and foodservice providers, as well as retailers, such as convenience stores, coffee houses, general merchandisers, private label retailers, and grocery stores in the United States. Farmer Bros. Co. was founded in 1912 and is headquartered in Torrance, California.
Advisors' Opinion:- [By Eric Volkman]
Farmer Brothers (NASDAQ: FARM ) has a new top financial executive. The company has appointed Mark Nelson to its CFO and treasurer positions, effective April 15. He will initially be assisted by, then replace, interim Treasurer and CFO Jeffrey Wahba.�
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: Diamond Foods, Inc. (NASDAQ: DMND), Farmer Brothers Company (NASDAQ: FARM) Economic Releases Expected: US Chicago PMITuesday
Top 5 Railroad Stocks To Watch Right Now: Powershares Qqq Trust Series 1 (QQQ)
PowerShares QQQ Trust, Series 1, formerly The NASDAQ-100 Trust, Series 1, is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust holds all of the component securities of the Nasdaq-100 Index. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index.
The Trust was created to provide investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index. Nasdaq Global Funds, Inc. is the sponsor of the Trust and The Bank of New York is the trustee of the Trust.
Advisors' Opinion:- [By Dan Caplinger]
Take a look at some of the investments that give millions of investors indirect exposure to Apple stock:
The widely held SPDR S&P 500 ETF (NYSEMKT: SPY ) , with $130 billion in assets under management, has a 2.6% allocation to Apple. Put another way, the ETF owns 8.8 million shares of Apple stock, representing almost 1% of the tech giant's total outstanding shares. The tech-tracking PowerShares QQQ (NASDAQ: QQQ ) tracks the much less inclusive Nasdaq 100 index, which includes the largest non-financial companies traded on the Nasdaq exchange. There, Apple has an 11% allocation, with the ETF owning more than 9.3 million shares of Apple stock. Think of it this way: For every 100 shares of the ETF you own, you indirectly own almost two shares of Apple, along with shares of dozens of other companies. Among index mutual funds, the story is much the same. The Vanguard 500 Index (NASDAQMUTFUND: VFINX ) owns 8.9 million shares of Apple, representing an almost 3% weighting in the S&P 500-tracking fund. The Vanguard Total Stock Market Index Fund (NASDAQMUTFUND: VTSMX ) , meanwhile, is the biggest fund owner of Apple stock, with 13.1 million shares held.Nor are these funds particularly unusual. Overall, Apple is one of the favorite holdings among institutional investors. Yahoo! Finance reports that almost 2,000 different institutions own Apple shares, with giants like State Street, Fidelity, BlackRock, and JPMorgan Chase among the top institutional holders of Apple stock.
- [By Chris Ciovacco]
In Thursday's ETF analysis, evidence is presented that supports increasing demand for assets that get a tailwind from a weak U.S. dollar, including emerging markets (EEM) and foreign stocks (EFA). Casting a wider economic net, our market model told us to start buying stocks last week even with the threat of a U.S. default. Wednesday, we continued with our incremental allocation shifts by adding some exposure to the energy sector. Thursday, we sat tight holding long positions in small caps (IJR), Europe (FEZ), emerging markets and technology (QQQ). The upper bounds of the bullish S&P 500 trend channel shown below may offer some resistance to the market's near vertical ascent.
Top 5 Railroad Stocks To Watch Right Now: Sensata Technologies Holding N.V.(ST)
Sensata Technologies Holding N.V., through its subsidiaries, develops, manufactures, and sells sensors and controls primarily in the Americas, the Asia Pacific, and Europe. It operates in two segments, Sensors and Controls. The Sensors segment offers pressure sensors, force sensors, temperature sensors, speed sensors, position sensors, motor protectors, and thermal and magnetic-hydraulic circuit breakers and switches. Its sensors are used in various applications, such as automotive air-conditioning, braking, transmission, air bag, heavy vehicle off-road, industrial, aerospace, defense, and data/telecom applications, as well as heating, ventilation, and air-conditioning (HVAC) applications. The Controls segment provides bimetal electromechanical controls, thermal and magnetic-hydraulic circuit breakers, power inverters, and interconnection products. This segment also offers application-specific products, including motor and compressor protectors, circuit breakers, semicondu ctor burn-in test sockets, electrical HVAC controls, power inverters, precision switches, and thermostats. Its products are used in heating and air-conditioning systems, refrigerators, aircraft, automobiles, and light industrial system applications in industrial, aerospace, military, commercial, and residential markets. The company offers its products primarily under the Sensata, Klixon, Airpax, and Dimensions brand names. It serves original equipment manufacturers and suppliers in the automotive, industrial, and commercial end-markets; and industrial and commercial manufacturers and suppliers in the climate control, appliance, semiconductor, datacomm, telecommunications, and aerospace industries, as well as motor and compressor suppliers. The company was founded in 1916 and is based in Almelo, the Netherlands. Sensata Technologies Holding N.V. is a subsidiary of Sensata Investment Company S.C.A.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Sensata Technologies Holding (NYSE: ST ) , whose recent revenue and earnings are plotted below.
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