Month: December 2020

Getty Images The coronavirus pandemic is slamming the most vulnerable Americans, pushing many into financially precarious situations. The best way to combat the financial fragility that’s brought on by such an event is helping Americans build and maintain an emergency savings fund, according to experts. But most people need the support of the government and
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For business owners, the Roth IRA may be a very attractive savings vehicle. getty Roth IRAs and 401(k)s (called DRAC, or Designated Roth Account) are common wealth-accumulation tools. There are multiple ways to utilize a Roth, and they offer significant financial planning opportunities, notably the elimination of Required Minimum Distribution (RMD) friction (‘tax friction’) and
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getty Americans have waited with bated breath for months in hopes that Congress could reach an agreement on additional, much needed COVID-19 stimulus legislation. Thankfully, we appear to almost be there. Here are some of the proposed provisions that will impact millions of Americans and hopefully keep people fed and help the economy.  1. Extension
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getty This is to follow my recent post regarding whether PPP loan expenses should be tax deductible, Attorney Daniel J. Leer represented John Manocchio in the Tax Court and in the Ninth Circuit Court of Appeals case of Manocchio v. Commissioner of Internal Revenue Service, and has given me interesting input with respect to my
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The popularity of cryptocurrency has been on the rise for years. But 2020 has been a very special year with many more retail investors getting exposure to bitcoin during the COVID-19 lockdown, public companies like MicroStrategy MSTR , Square SQ , and Grayscale beefing up their bitcoin holdings, and major fintech companies like PayPal PYPL
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Close-up of Conservation easement with pen getty The Charitable Conservation Easement Program Integrity Actis back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley uses some pretty strong language. The conservation easement program is an important tool for protecting and preserving our environment. But bad-faith scammers have taken advantage of
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People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying to encourage consumers to shop
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