G2 Fintech has added a qualified dividend module to its TaxGopher software to handle dividends that can be taxed at lower, long-term capital gains rates.
TaxGopher is a tax analysis engine for cost basis adjustments used to provide information on taxable gains and losses.
“When President Obama extended the tax relief laws associated with qualified dividends into 2012, this created an urgent need for new functionality from our TaxGopher clients and prospects,” said G2 FinTech CEO George Michaels in a statement. “Qualified dividends are ordinary dividends that meet specific criteria to be taxed at lower, long-term capital gains rates. The only way you can address qualified dividends correctly is if your current solution already handles straddles and constructive sales processing. Our clients have been using our constructive sales and straddles modules and now they can elect to use this new QDI module.”
The new dividend module is the first product introduced by G2 FinTech, which used to be the software arm of G2 Systems and is now operating as a separate company. G2 FinTech’s formation follows GFT Technologies’ recent purchase of G2 Systems’ consulting services division for alternative investment companies.
For more information, visit www.g2ft.com.
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