Expect Larger Taxable Income From Mutual Funds in 07

One of the more difficult things to do as a tax planner is predict how much investment income a client's mutual funds will produce. According to a report in the Wall Street Journal it is expected that investment income this year will be at all time highs.

If you are tax planning with someone other than us, be sure that your plan recognizes that your mutual fund income could very likely be up 15% to 20%. It may also be helpful to contact your financial planner as they may have some insight as to what income your specific investments might produce.