Taxes

Getty The Internal Revenue Service (IRS) continues to resume operations. According to the IRS Commissioner, as of mid-month, thousands of employees had returned to facilities in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) with employees in four more states and Puerto Rico returning on June 29. The IRS will reopen facilities in
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Economic Security Planning, Inc. Today’s column addresses questions about whether delaying filing is always merited, paying back taxes, whether filing early to avoid potential cuts to Social Security makes sense, disability and survivor benefits and filing options during the pandemic. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
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Thanks to decades of spending, many local police departments now resemble well-armed military squads. But budget shortfalls and protests will likely force a change. Among Delaware’s beach towns, Dewey Beach, sandwiched between artsy Rehoboth to the north and family-friendly Bethany Beach to the south, is known as a place to party after a day of
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Sujata Yalamanchili Sujata Yalamanchili Buffalo, New York, has been called the “queen city.” Yet other women of power grace its streets, such as Sujata Yalamanchili, a partner in the Hodgson Russ law firm. She is the firm’s real estate practice leader as well as its retail sector industry leader. At Hodgson Russ, Yalamanchili has served on the board of directors, and
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Department of Justice sign, Washington DC. Getty On June 19, 2020, the Tax Division of the U.S. Department of Justice filed a Petition To Enforce Summons against the Delaware Department Of Insurance, which seeks testimony and certain documents relating to Artex Risk Solutions, Inc. and Tribeca Strategic Advisors, LLC in connection with its promoter audits
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Economic Security Planning, Inc. Today’s column addresses questions about early spousal benefits before full retirement benefits, survivor benefits, which month to start benefits to avoid early filing reductions, unpaid Social Security and Medicare taxes and benefits on an ex’s record after remarriage. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
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Robinhood co-founders Vlad Tenev (L) and Baiju Bhatt (R) in 2015. Ben Margot/ASSOCIATED PRESS With additional reporting from Antoine Gara, John Dobosz and Jeff Kauflin Following the tragic suicide of a 20-year-old Robinhood trader after he saw a $730,000 negative balance in his account, the company’s founders released a statement pledging to tighten eligibility criteria,
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Getty Just days ago, tax professionals were wondering whether the G20 would meet its 2020 deadline to reach an agreement on multinational taxation. We now have our answer: Treasury Secretary Steven Mnuchin has called for the suspension of the Organization of Economic Co-operation and Development (OECD) talks.  The official statement released by Monica Crowley, Treasury’s
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A portrait of Nicki Howard Courtesy of Nicki Howard Nicki N. Howard is senior tax counsel for CSX Transportation Inc. Headquartered in Jacksonville, Florida, CSX is a rail carrier servicing states east of the Mississippi as well as portions of Canada. There have been a number of articles discussing why women are leaving tax. However, there is more to say
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Autumn colors illuminated by alpenglow on previously burnt mountain. Getty In the second part of a two-episode series, Tax Notes legal reporter Kristen Parillo interviews Steve Small, one of the authors of the federal income tax regulations on conservation easements who is now in private practice, about the controversy surrounding the tax treatment of conservation easements. This
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Woman Wrapping Present in Money Getty The deduction for charitable contributions is a centenarian that’s been through a lot since its 1917 inception. The coronavirus crisis could set the stage for the next major revision of section 170, and the most popular option seems to be expanding the deduction. It’s unsurprising that there’s now a call
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If you have a taxable estate, consider yourself fortunate. I often tell clients, “paying estate taxes is a good problem to have.” It is better than the alternative – dying with few or no assets. But sometimes little thought is given to who will pay these estate taxes. An estate tax is a one-time tax
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Getty You can go from house poor — spending too much or at least more than you’d like on housing — to becoming house rich and you don’t necessarily need to downsize your home to extract more value from it. In our case, we upsized our home while still netting a big sum. Covid-19 has
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Deaths from excessive force by police should be investigated like medical mistakes or airline … [+] crashes, says a law professor who studies organizational accidents. Getty While the police officers involved in the death of George Floyd face criminal charges, those consequences for excessive force by police are unusual. After analyzing data on police prosecutions,
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Economic Security Planning, Inc. Today’s column addresses questions about whether it’s still possible to delay filing till 70 if a spouse files at 66, getting both retirement and child-in-care spousal benefits, the calculation of divorced spousal benefits, the earnings test and uncompleted online applications. Larry Kotlikoff is a Professor of Economics at Boston University and
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DORAL, FL – MARCH 06: Republican presidential candidate Donald Trump makes an appearance prior to … [+] the start of play during the final round of the World Golf Championships-Cadillac Championship at Trump National Doral Blue Monster Course on March 6, 2016 in Doral, Florida. (Photo by Mike Ehrmann/Getty Images) Getty Images The Eleventh Circuit
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