No taxes will be due in 2008 on long-term capital gains.

If you think this money should be spent on important national priorities instead of on tax breaks for the wealthy, please continue to the Responsible Tax Pledge. When is the return due? Returns must be filed on a monthly basis by the 15th day of the following month. This tax alert was provided by counsel of Ropes and Gray. Fidelity reserves the right to amend the eligibility terms of the program. When is the tax due? The Utility Property Tax is due annually on or before January 15. This is part of why two exchange-traded funds, or ETFs, that track indexes of high-yielding stocks are taking in money fast. When is the return due? Returns DP-133 must be filed on the 15th day of the second month following the month in which the tax is collected from the consumers.

That said, for income-seeking investors with little time to manage their own portfolios, they look to me like a neat solution. The annual credit adjustment program is not guaranteed to remain in effect indefinitely, and Fidelity reserves the right to amend or terminate the program. No taxes will be due in 2008 on long-term capital gains.

The following is a brief summary of the tax provisions of the Bill most likely to be relevant to our clients.