Q. My wife receives Social Security disability income and my 12-year-old daughter qualifies and receives Social Security dependent income. Do I need to file taxes for my daughter on the income she received from Social Security?
A: According to the IRS website, generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return.
IRS Topic 423, "Social Security and Equivalent Railroad Retirement Benefits," provides good information about tax rules applying to Social Security benefits.
Best Oil Stocks To Watch Right Now: SilverCrest Mines Inc (SVLC)
SilverCrest Mines Inc. (SilverCrest), incorporated on May 22, 1973, is engaged in the acquisition, exploration and development of mineral properties in Mexico and Central America. The Company�� principal focus is the development and operation of the Santa Elena Project, which property consists of seven mineral concessions totaling 2,726.54 hectares, portions of which include the producing Santa Elena gold and silver mine located northeast of Hermosillo, Sonora State, Mexico. It operates in three segments: the mine operations at Santa Elena, Mexico; mine exploration and evaluation projects at La Joya and Cruz de Mayo, Mexico, and Corporate. The Company is also focused on exploring and developing its La Joya Property located in Durango, Mexico, which contains a discovered polymetallic deposit. The Company�� other mineral properties include the Cruz de Mayo Project (Mexico), the La Joya Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).
The La Joya Property consists of 14 mineral concessions with a total area of approximately 8,379.6 hectares. Its Cruz de Mayo Project consists of two mineral concessions comprising a total of 452 hectares. The Company holds a 100% interest in the Cruz de Mayo 2 concession (which encompasses 434 hectares). The Silver Angel Project consists of two mineral concessions encompassing a total of 3,251 hectares located in the northern Sierra Madre Range in Sonora, Mexico. The Company holds a 100% interest in these concessions, which were acquired by concession applications.
The El Zapote Project consists of two mineral concessions (the El Caliche and San Juan Exploration Concessions) located in the Department of Santa Ana in northern El Salvador, Central America. The Company holds a 100% interest in the El Zapote Project. During the year ended December 31, 2011, an initial drill program of 25 holes totaling approximately 2,900 meters was completed on the Santa Elena Norte target, located approximately 1 kilo! meters north of the Santa Elena Mine.
Advisors' Opinion:- [By Hebba Investments]
Even with rising Q2 costs, GG still has lower true all-in costs than many of its larger competitors' Q1FY13 costs. Compared to Q1FY13 numbers of competitors such as Yamana Gold (AUY) (costs just over $1300), Kinross Gold (KGC) (costs above $1350), Silvercrest Mines (SVLC) (costs below $1100), Newmont Gold (NEM) (costs around $1300) Agnico-Eagle (AEM) (costs around $1400) and Barrick Gold (ABX) (costs around $1200).
Best Railroad Companies To Own For 2014: StellarOne Corporation(STEL)
StellarOne Corporation operates as the bank holding company for StellarOne Bank that provides various retail and small business banking, commercial banking, consumer lending, mortgage banking, and wealth management services to individuals, and small and middle-market businesses in Virginia. It generates various deposit products, including demand and time deposit accounts, money market accounts, checking accounts, certificates of deposit, and savings accounts. The company?s loan portfolio comprises consumer and commercial real estate loans, real estate and construction loans, commercial lines of credit, commercial term loans, home equity loans, consumer loans, and commercial, financial, and agricultural loans. It also provides credit cards, automated teller machine networks, and telephone and Internet banking, and online bill payment services. In addition, the company provides various wealth management and personal trust services, including estate administration and employ ee benefit plan administration, and planning specifically addressing the investment and financial management needs of its customers. As of December 31, 2009, StellarOne Corporation operated 56 financial centers, 1 loan production office, and approximately 60 automated teller machines in New River Valley, Roanoke Valley, Shenandoah Valley, and central and north central Virginia. The company was formerly known as Virginia Financial Group, Inc. and changed its name to StellarOne Corporation in February 2008. StellarOne Corporation was founded in 1911 and is headquartered in Charlottesville, Virginia.
Advisors' Opinion:- [By Sean Williams]
What: Shares of StellarOne (NASDAQ: STEL ) , a commercial, mortgage, and wealth management bank servicing small and medium-sized businesses in Virginia, jumped as much as 20% after agreeing to be purchased by Union First Market Bancshares (NASDAQ: UBSH ) .
Best Railroad Companies To Own For 2014: LGL Group Inc (LGL)
The LGL Group, Inc., incorporated in 1928, is a producer of industrial and commercial products and services that is focused on the design and manufacture of electronic components and subsystems. The Company operates through its principal subsidiary, M-tron Industries, Inc. (Mtron), which includes the operations of its subsidiary, M-tron Industries, Ltd., as well as the operations of its subsidiary, Piezo Technology, Inc. (PTI) and PTI's subsidiary Piezo Technology India Private Ltd. MtronPTI's frequency control devices consist of packaged quartz crystals, crystal oscillators and electronic filters. MtronPTI markets and sells its products through a variety of channels and agents. MtronPTI�� operations are located in Orlando, Florida, Yankton, South Dakota, and Noida, India. In February 2014, its primary operating subsidiary, MtronPTI, acquired certain filter product line assets from Trilithic, Inc.
MtronPTI designs, manufactures and sells standard and custom-engineered electronic components that are used primarily to control the frequency or timing of signals in electronic circuits. Its devices, which are commonly called frequency control devices, are used in infrastructure equipment for the telecommunications and network equipment industries. Its devices are also used in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems.
MtronPTI�� products are frequency control devices, including packaged quartz crystals, oscillators incorporating those crystals and electronic filter products. MtronPTI designs and produces a range of packaged quartz crystals, quartz crystal-based oscillators and electronic filter products. The Packaged Crystal is a single crystal in a hermetically sealed package that is used by electronic equipment manufacturers, along with their own electronic circuitry, to build oscillators for frequency control in their electronic devices. Its Clock Osc! illator is a self-contained package with a crystal and electronic circuitry that is used as a subsystem by electronic equipment manufacturers to provide frequency control for their devices. The voltage controlled crystal oscillator (VCXO) is a variable frequency oscillator whose frequency can be changed by varying the control voltage to the oscillator.
The temperature compensated crystal oscillator (TCXO) is a stable oscillator designed for use over a range of temperatures. Oven-controlled crystal oscillators (OCXO) are designed to produce a higher level of stability. The Electronic filters use either crystal technology, precise manufacturing of inductive/capacitive circuits, or low and high-powered cavity. This variety of features in MtronPTI�� product family offers the designers at electronic equipment manufacturers a range of options as they create the needed performance in their products.
MtronPTI�� oscillator products operate at frequencies ranging from 2 kilohertz to over 1.4 gigahertz. It offers crystal and inductive/capacitive filters with central frequencies from a direct current to 15 gigahertz. Majority of MtronPTI�� products are custom-designed for requirements of specific original equipment manufacturer (OEM) systems. MtronPTI�� products are employed in numerous applications within the communications industry, including computer and telephone network switches, high-speed gigabit Ethernet, modems, wireless transmitters/receivers, multiplexers, data recovery/regeneration devices, fiber channel networks, repeaters, data transceivers, line interface devices, communications satellites and base station controllers. Its products are incorporated into end products that serve all elements of the communications industry.
The crystals, oscillators and filters are found in military applications for remote sensing, personnel protection and armaments. Avionics applications include ground and flight control systems. Industrial applications are in security s! ystems, m! etering systems, electronic test instruments and industrial control systems. MtronPTI�� products are also used in medical instrumentation applications, as well as in various computer peripheral equipment, such as storage devices, printers, modems, monitors, video cards and sound cards. MtronPTI�� timing module, an electronic subsystem, is a pre-assembled circuit that integrates several different functions into a small, single, self-contained module for control of timing in a circuit. Timing modules are frequently used for the synchronization of timing signals in digital circuits, particularly in wireless and optical carrier network systems.
The Company competes with Dover Corporation, CTS Corporation and Pericom Semiconductor Corporation.
Advisors' Opinion:- [By Sally Jones]
The recently updated portfolio of GAMCO Investors has 799 stocks, 50 of them new, with a total value of $15.9 billion. The firm has a quarter-over-quarter turnover of 4%. Here's a detailed look at four micro cap companies in the GAMCO portfolio.
LGL Group Inc. (LGL) ��Market Cap $15 Million
Best Railroad Companies To Own For 2014: Carrefour SA (CRERF)
Carrefour SA is a France-based company that is primarily engaged in retail distribution sector. The Company operates a network of hypermarkets, supermarkets, hard discount stores, convenience stores and cash-and-carry outlets and offers e-commerce services. The Company's hypermarkets named Carrefour offer a range of food and non-food products. Carrefour SA�� hypermarkets, supermarkets and convenience stores are operating under the Carrefour city, Carrefour contact, Carrefour express, 8aHuit, Shopi, Marche Plus, Proxi banners and cash & carry stores are operating under the Promocash banner, which primarily offer food, clothing and household goods, among others. The Company operates in mainland France and French overseas territories, as well as in Europe, Asia, Latin America, North Africa and the Middle East through a network of consolidated and franchised stores, and stores that Carrefour SA runs with partner companies. In January 2014, it acquired 129 convenience stores. Advisors' Opinion:- [By Sophia Yan]
Carrefour (CRERF) has also shuttered many stores, and is reported to be exploring a sale of its China and Taiwan businesses.
Hypermarkets -- big box stores that combine supermarkets and department stores -- first opened up in China's largest cities over a decade ago. And it's no wonder companies such as Wal-Mart have been keen to get a slice of the market.
Best Railroad Companies To Own For 2014: Summit Midstream Partners LP (SMLP)
Summit Midstream Partners, LP is engaged in owning and operating midstream energy infrastructure that is located in North America. The Company provides natural gas gathering and compression services in two resource basins: the Piceance Basin, which includes the Mesaverde, Mancos and Niobrara Shale formations in western Colorado, and the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas. As of June 30, 2012, the Company�� gathering systems had approximately 385 miles of pipeline and 147,600 horsepower of compression. As of September 20, 2012, its systems gathered an average of approximately 909 million cubic feet per day of natural gas, of which approximately 64% consisted of natural gas liquids (NGLs), that were extracted by a third party processor. Summit Midstream GP, LLC is the Company�� general partner. On October 27, 2011, the Company acquired certain natural gas gathering pipeline, dehydration and compression assets in the Piceance Basin of western Colorado, which it refer to as the Grand River system. The Company�� customers include the natural gas producers in North America, such as Encana Corporation, Chesapeake Energy Corporation, TOTAL, S.A., Carrizo Oil & Gas, Inc., WPX Energy, Inc., Bill Barrett Corporation, Exxon Mobil Corporation and EOG Resources, Inc. In October 2012, the Company acquired ETC Canyon Pipeline, LLC from La Grange Acquisition, L.P., a wholly owned subsidiary of Energy Transfer Partners, L.P. On February 15, 2013, it closed the acquisition of to Meadowlark Midstream Company, LLC, formerly Bear Tracker Energy, LLC. In June 2013, Summit Midstream Partners LP acquires assets in Bakken, Marcellus. In June 2013, Summit Midstream Partners LP acquired Bison Midstream LLC. In June 2013, Summit Midstream Partners LP closed the previously announced acquisition of certain natural gas gathering pipelines and compression assets located in the liquids-rich window of the Marcellus Shale Play.
The Grand River system consists of approxi! mately 276 miles of pipeline and 97,500 horsepower of compression and is located in Garfield County, Colorado. The Grand River system primarily gathers natural gas produced by the Company�� customers from the liquids-rich Mesaverde formation within the Piceance Basin. The Grand River system also gathers natural gas produced from its customers' wells targeting the deeper Mancos and Niobrara Shale formations. As of September 20, 2012, the DFW Midstream system had five primary interconnections with third-party, intrastate pipelines that enables the Company to connect its customers, directly or indirectly, with the natural gas market hubs of Waha, Carthage, and Katy in Texas, and Perryville and Henry Hub in Louisiana. As of September 20, 2012, the DFW Midstream system gathered an average of approximately 325 million cubic feet per day from seven producers.
The Company competes with Access Midstream Partners, L.P., Crestwood Midstream Partners LP, Energy Transfer Partners, L.P., Williams Partners L.P., Energy Transfer Partners, L.P. and Enterprise Products Partners L.P.
Advisors' Opinion:- [By Matt DiLallo]
Midstream operator,�Summit Midstream Partners (NYSE: SMLP ) is expanding its reach after it announced two separate natural gas gathering acquisitions last week. The company is spending $460 million to acquire assets in the Bakken and Marcellus in unrelated deals. Let's take a closer look and the deals and what both mean for investors.
Best Railroad Companies To Own For 2014: EnteroMedics Inc.(ETRM)
EnteroMedics Inc., a clinical development stage medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity and associated co-morbidities, and other gastrointestinal disorders. The company?s proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses. Its product under development is the Maestro System, which is used to limit the expansion of the stomach, control hunger sensations between meals, reduce the frequency and intensity of stomach contractions, and produce a feeling of early and prolonged fullness. The company intends to market its products to potential referral source clinicians, including general practitioners, internists, endocrinologists, and nurses. It has collaboration agreement with Mayo Clinic and Australian Institute of Weight Control. The company was formerly known as Beta Medical, Inc. and changed its name to EnteroMedics Inc. in 2003 . EnteroMedics Inc. was founded in 2002 and is headquartered in St. Paul, Minnesota.
Advisors' Opinion:- [By John Udovich]
Orexigen Therapeutics, Inc (NASDAQ: OREX), like Arena Pharmaceuticals, Inc (NASDAQ: ARNA), EnteroMedics Inc (NASDAQ: ETRM) and VIVUS, Inc (NASDAQ: VVUS), is a speculative small cap obesity drug stock that has the potential for coming up with the next big thing in the treatment of obesity that is increasingly a global problems. I should mention that we have recently added Orexigen Therapeutics to our SmallCap Network Elite Opportunity (SCN EO) portfolio as an extremely speculative biotech bet because its�lead obesity drug candidate has the potential to be�approved by September 11th of this year.
- [By John Udovich]
Small cap biotech Arena Pharmaceuticals, Inc (NASDAQ: ARNA) soared yesterday and last Friday on earnings as well as news that the company will expand its marketing and supply agreement with Japan based Eisai for its BELVIQ (lorcaserin HCl) obesity drug, meaning it might be time to take a closer look at other biotech stocks like Orexigen Therapeutics, Inc (NASDAQ: OREX), EnteroMedics Inc (NASDAQ: ETRM) and VIVUS, Inc (NASDAQ: VVUS) that are in the business of treating obesity. Specifically, Arena Pharmaceuticals announced an expanded agreement providing Eisai with exclusive commercialization rights for all countries worldwide (except for South Korea, Taiwan, Australia, Israel and New Zealand) for BELVIQ where Arena will receive an upfront payment of $60 million and is eligible to receive up to a total of $176.5 million in regulatory and development milestone payments - an increase of $123 million from the amount remaining available under the previous agreement. BELVIQ was approved in June 2012, but didn't reach the market until June 2013 due to logistical concerns like classification by the Drug Enforcement Administration. Its also�approved for use in adults who are obese or who are overweight and who have at least one serious medical condition (e.g. diabetes or high cholesterol).
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