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Microcap & Penny Stocks : INCE - Intercell info??? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Pearson who wrote (2475)12/24/1997 1:40:00 PM
From: Hugh A. McWhorter  Respond to of 3358
 
Here's the tax idea for early 1998.

For those of you who hold INCE in an IRA, consider converting to a Roth IRA in early 1998. The value of the INCE shares (as we all know is pretty close to nothing) gets included in your taxable income in equal amounts over the next four years. Almost nothing divided by 4 is even closer (if possible) to nothing.

IF the company takes off and Roth IRA funds are left in tact for at least 5 years withdrawals can be taken tax free and there is no mandatory withdrawal time for a Roth IRA. IF the company completely tanks then insult is added to injury because you would be taxed on what turns out to be a worthless stock.

Talk to your financial advisor and see if he/she believe this makes sense. I intend to poke at this subject further.

Season greetings to all and here's hoping for something positive in 1998.

Hugh



To: Bill Pearson who wrote (2475)12/30/1997 6:21:00 PM
From: Juli  Read Replies (2) | Respond to of 3358
 
I finally paid my dues so that I can post.

My concern here is that it seems that Sigma produces memory chips. With memory prices falling off a cliff and semiconductor stocks all facing the firing squad, how can Sigma expect to be profitable any time soon, or to raise any significant amount of money to finance operations.


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