Taxpayers can and do win hobby loss cases and advisers can guide them in going into the game with a winning hand. That’s my conclusion from a pretty deep dive into Code Section 183-Activities not engaged in for profit. I have been writing about Section 183 cases since my earliest blogging days and it has
Month: June 2019
New parents often set their sights on a bigger home to make room for a growing family. Adobe Stock It’s tough to put a price tag on having a little bundle of joy, but a new analysis from Redfin puts it in perspective. According to the real estate brokerage, Birmingham, Alabama is the most affordable
James Gandolfini with his classic Tony Soprano glare. (Walter McBride/Corbis via Getty Images) Getty Tony Soprano’s house is up for sale, starting at $3.4 million. You know what that means: HGTV is staking out the house in an unmarked van, laying low until its time to initiate a sting called “Operation Overpay.” That’s where the
Navigating the loss of a spouse or partner—whether due to death, mental incapacity, or divorce—is never easy. Major life events like these often require a multitude of legal and financial decisions that can be confusing under the best of circumstances. When combined with the emotional trauma of dealing with such a loss, these decisions can
European stocks pointed to losses at the start of Tuesday’s open, as investors kept abreast of the ongoing trade tensions seen across the globe. Prior to the market open, the FTSE 100 pointed to a drop of 27 points at 7,159, while Germany’s DAX fell 47 points at 11,737 and France’s CAC 40 indicated a
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), June 3, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Box dropped nearly 11% in extended trading after the
Traders work on the floor of the New York Stock Exchange (NYSE) on February 6, 2018 in New York City. Spencer Platt | Getty Images News | Getty Images While most of the stock market is in turbulence amid the trade chaos, Goldman Sachs has a portfolio that’s crushing the market, returning more than 16%
This image made from video aired on “Jeopardy!” on Wednesday, April 17, 2019, and provided by Jeopardy Productions, Inc. shows James Holzhauer. Jeopardy Productions, Inc. | AP “Jeopardy” champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58,484 short of the all-time
The Elsternwick modular house in Melbourne, Australia was built with a steel frame and structural Insulated Panels by Modscape. The house was completed in just 3 weeks from the time the old house on the property was demolished to move-in. Photo courtesy of Ben Johnson for Prefabulous World, published by Abrams There’s still a lot
Forest walk. Delighted happy couple holding hands while walking together in the forest Getty When was the last time you rethought your Social Security strategy? Do you even have a social security strategy? It’s fairly common for people to have a strategy for their 401(k) or IRA, but no strategy for their Social Security. If
ATLANTA, GEORGIA – MAY 19: Robert F. Smith onstage during the Morehouse College 135th Commencement. (Photo by Marcus Ingram/Getty Images) Getty Images Lives were changed during a 2019 commencement address at Morehouse College when self-made billionaire Robert F. Smith announced that he was paying the student debt for the entire class. Shortly afterward, those students, potential donors,
Aaron Levie Dan Edblom | CNBC Box shares plunged 11% in extended trading on Monday after the cloud software company provided a revenue outlook for the full fiscal year that trailed analysts’ estimates. Here are the key numbers for the first quarter: Loss: 3 cents per share, excluding some items, vs. 5 cents estimated, according
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett. Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. In an
Getty Images Bank of America cut its 2019 profit outlook for the stock market’s biggest companies on Monday, citing renewed trade tensions between the United States and two key trading partners. The bank’s head of U.S. stock strategy warned clients that the market’s price has yet to reflect the impact the dispute between Washington and
Photo by Gary Burchell via Getty Images Moving back in with your parents after college is not a new concept. But around age 28, it starts to get old. That’s when the situation begins to get embarrassing, according to a new survey from TD Ameritrade. That goes for all of the generations surveyed, including young
A worker wraps cargo in plastic before it is loaded into a shipping container at the Port of Veracruz in Veracruz, Mexico. Susana Gonzalez | Bloomberg | Getty Images Main street groups are sounding off on President Donald Trump’s latest round of tariff proposals — this time levied on goods imported from Mexico. Last week
I.M. Pei, perhaps the world’s most revered architect, passed away recently. We tilt our hats to his achievements. Amongst the most recognizable ones are the design of the Bank of China Tower in Hong Kong, the Rock And Roll Hall of Fame in Cleveland and the Louvre’s Pyramid in Paris. Early in his career, I.M.
Congress and employers could do more to help the retirement security of family caregivers, claims GAO. Wives and husbands near or at retirement age taking care of their spouses are said to be particularly at risk. Photo credit: Getty Getty Family caregivers could have brighter retirements if the federal government and/or employers take four steps,
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 the availability of spousal benefits after filing and suspending, the ability of first one spouse and then the other to draw spousal benefits, retirement benefits before spousal benefits and
Amazon.com boxes are shown stacked near a Boeing 767 Amazon “Prime Air” cargo plane on display in a Boeing hangar in Seattle. Ted S. Warren | AP Amazon Prime members can now get their packages even faster as the company begins to roll out free one-day shipping on over 10 million products. Amazon executives said