Tax change Companies feel tax pain before long term gains kick in. Corporate tax cuts were supposed to be a boon for company earnings. But, due to U.S. accounting rules, many companies will feel a little pain before the long term gains kick in..J.P. Morgan is just one organization that is seen benefiting from the corporate tax slash. Photo JUSTIN LANE, EPA . Company tax cuts were meant to be a boon for company earnings. But, thanks to U.S. accounting principles, lots of corporations will come to feel a tiny agony before the long term gains kick .For long term investors, daily headlines are distractions. Don t celebrate your big market gains just yet a tax bill is waiting for you. Generally, mutual funds distribute capital gains to their investors near the end of each year. You can expect to see notifications from your fund companies now, and receive the .Your basis is usually what you paid for the item. In addition, money spent on improvements that increase the value of the assetsuch as a new addition to a buildingcan be added to your basis. Also, Becker notes that people in the lowest tax brackets usually don t have to pay any tax on long term capital gains..
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