Taxes

Getty It’s the second day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is MEANS (Matching Excess and Need for Stability) Database. MEANS tackles hunger in a novel way. Too often, grocery stores and restaurants
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Year-End Tax Planning is a must for Gay Couples with big incomes. Getty While year-end tax planning can be valuable for everyone, the tax savings can be even larger for gay married couples. According to the US Treasury Department gay married men make more, on average, than our straight married counterparts. Don’t despair ladies. Lesbian married
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Joe Myszka, a partner at DLA Piper, discussed the proposed rules on cloud computing transactions with Tax Notes legal reporter Kristen Parillo. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: Regulating the Cloud. Earlier this year, Treasury and the IRS issued
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LONDON, ENGLAND – SEPTEMBER 13: A plane comes into land at Heathrow Airport on September 13, 2019 in … [+] London, England. (Photo by Leon Neal/Getty Images) Getty Images Fasten your safety belts. Jeremy Cape of Squire Patton Boggs explains the U.K.’s Air Passenger Duty (APD) and one group’s proposal to impose a frequent flyer
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Economic Security Planning, Inc. Today’s column addresses questions about working after beginning benefits, accidentally filing earlier than intended, spousal benefits on a disabled worker’s record, restating suspended benefits and the possibility of filing retroactive SSA taxes. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
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Almost have of the banks in the U.S. do not have satisfactory supervisory ratings from the Federal … [+] Reserve. BLOOMBERG NEWS On Tuesday, right as most Americans were running around doing last minute preparations for Thanksgiving, the Board of Governors of the Federal Reserve System published the second annual ‘Supervision and Regulation Report.’ I
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A long string of losses in a horse related business may well attract IRS attention. Don’t despair. If you take the right steps you have a good chance of winning in Tax Court. Reilly’s Eighteenth Law of Tax Planning – Honest objective trumps realistic expectation. A quarter horse mare showing its muscles. Cd. Victoria, Tamaulipas,
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A group of Black Friday online shopping purchases photographed in delivery boxes. (Photo by Neil … [+] Godwin/Future Publishing via Getty Images) Future Publishing via Getty Images Scott Peterson — South Dakota’s former sales tax director and the Streamlined Sales Tax Governing Board’s first chief — discusses post-Wayfair issues, the controversy in Kansas, and the gig
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ATLANTA, GEORGIA – NOVEMBER 20: Sen. Elizabeth Warren (D-MA) (L), former Vice President Joe Biden … [+] and Sen. Bernie Sanders (I-VT) (R) participate in the Democratic Presidential Debate at Tyler Perry Studios November 20, 2019 in Atlanta, Georgia. Ten Democratic presidential hopefuls were chosen from the larger field of candidates to participate in the
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Rido81 The U.S. economy has now been growing for over ten years, the longest period of economic expansion in our history, but nothing lasts forever. Lately clients have been asking me about how to prepare for the upcoming recession. They’re unsettled by the political environment, threats of climate change and growing tensions with other countries.
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One of the greatest confusions in discussions of inequality is that between income and wealth. This struck me recently when somebody with a very high W-2 (low seven figures) asked me what sort of things they could do to manage the income tax that, federal and state combined grabbed roughly half their income. Getty How
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Economic Security Planning, Inc. Today’s column addresses whether Social Security benefits are recalculated due to continued employment, public pensions and divorced spousal benefits, how divorced spousal benefits are calculated, when spousal benefits are available and foreign pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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Each year, the IRS announces changes to retirement plan contributions for 401(k) plans, individual retirement accounts and more. If you’re in the process of saving for retirement, it is essential to know the current contribution limits and take maximum advantage of them, if possible. The most notable changes for the coming year apply to 401(k)
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