Taxes

What. A. Year. When tax geeks arose from their slumber on January 1, 2018, we were greeted by a strange and unfamiliar world. Gone were personal exemptions, Section 199, and 50% bonus depreciation. In their place were a doubled standard deduction, Section 199A, and 100% bonus depreciation. These changes, in addition to countless others, were
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If you are a securities trader eligible for trader tax status (TTS), consider making a timely Section 475 election for 2019. Section 475 means you’ll avoid wash sales and the capital loss limitation, and you will become eligible for the 20% qualified business income deduction. Historically, the chief tax benefit of Section 475 was deducting
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This photo made on Wednesday, Feb. 13, 2019, in Zelienople, Pa., shows 1040 tax forms printed from the Internal Revenue Service web page that are used for 2018 U.S. federal tax returns. (AP Photo/Keith Srakocic)ASSOCIATED PRESS The 2019 Tax Season (to file returns for the 2018 tax year) is now full swing, but that doesn’t
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London, UK – July 30, 2018: The buttons of Snapchat, Facebook, WhatsApp, Twitter and other apps on the screen of an iPhone.Getty The recent departure of two Snap executives is just the tip of the corporate culture iceberg. Snap has been plagued by corporate governance issues such as inappropriate relationships, short-lived C-level executives, imperious leadership,
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Jerome Powell, chairman of the U.S. Federal Reserve. Photographer: Andrew Harrer/Bloomberg© 2018 Bloomberg Finance LP On December 19, Jay Powell stepped to the microphone after the Federal Reserve had raised short-term interest rates and began his press conference. The market was concerned. The two-year rate on government bonds was at 2.65% and was higher than
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses questions about how spousal benefits are formulated, the ability to file and suspend, disability benefits and Medicare, sequencing benefits for married couples and foreign pensions. Larry Kotlikoff is the
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What’s unique about a 457 retirement plan? Getty A 547(b) plan is likely your main retirement savings option if you work for the state or local government, or certain non-profits such as a church. With a 547(b) things can be a little confusing because plans such as the 547(b) (and also 403(b) plans), typically get less attention. That’s a shame because
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Credit: Getty Royalty FreeGetty Something is missing from your investment portfolio—Series I bonds. These federal savings bonds offer inflation and tax protection. Because brokers don’t peddle them, they are orphans, unwelcome and under-appreciated. That’s the compelling argument of Jason Lina, lead advisor at the Resource Planning Group in Atlanta: Larry Light: So in the words
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Share to facebook Share to twitter Share to linkedin Just in time for the busiest weekend for the Internal Revenue Service (IRS), Commissioner Chuck Rettig has a message to taxpayers. You can watch it here: In the video, Rettig shares important information for the 2019 tax filing season. There are, he says, three things can
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Pedro Sánchez in the Spanish Congress on WednesdayLamoncloa.gob multimedia The Spanish President Pedro Sánchez has called general elections on April 28. The announcement has come after the Government’s defeat to approve the General State Budgets last Wednesday when the Congress rejected the so-called “more social budgets” of recent years. Apart from the political consequences, the
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