The Internal Revenue Service (IRS) has issued new standard mileage rates for operating an automobile for business, charitable, medical or moving purposes in 2021. The IRS has issued new lower mileage rates for 2021. getty New IRS Mileage Rates The new IRS mileage rates apply to travel starting on January 1, 2021. 56 cents per
Month: December 2020
getty The Internal Revenue Service (IRS) has issued its 2021 standard mileage rates. Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile driven for medical or
An IRS 1040 Tax Form with a pair of Handcuffs resting on the Tax Forms. getty A key to good tax practice is being able to explain things to clients and prospects. Consider this remark explaining difficult to understand promotional material: we know if we’re examined by the [IRS] they will ask for all promotion
Look, I’ve never been a particularly happy guy. But if there’s one thing that really gets me down, it’s everyone else being happy. That, I simply can’t have. It’s why, growing up outside of Philly, I rooted for the Eagles to get smoked every Sunday. It’s why whenever I leave my little ski town for
Economic Security Planning, Inc. Today’s column addresses questions about withdrawing an application for a retirement benefit, filing for and then suspending a retirement benefit and whether and when divorced spousal benefits might be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
Brad Steinberg relaxes in front of a wall of dryers in one of his company’s SpinCycle Laundry Lounge … [+] laundromats. PWS, Inc. Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There’s debate as to whether the recession-proof nature applies even during a pandemic.
A rental recovery, a busy second-home market and virtual everything are among the predictions for … [+] 2021. getty There’s no doubt that 2020 was a wild year for real estate. From the Covid-19 pause that stopped showings and sales entirely, to the slow recovery and crashing rental market in condo-saturated Manhattan, to hot markets
The CEO had to make the staff furlough decisions, the downsizing in footprint, the marketing … [+] workarounds as soon as the seriousness of the problem came into focus. getty In 2020, leadership really mattered. Economically and medically, leadership really mattered. At the national level, where we lacked it, at the New York state level,
A new type of visual marketing helps brokers sell high-end homes. Narr8 Media The video’s opening sets viewers up for an irresistible and emotional ride as Michael Jordan glides across a basketball court against a backdrop of cheering fans. On camera, an award-winning reporter delivers his intro: “The 23 on the front of the gate
Old brownstone buildings along a quiet neighborhood street in Greenwich Village, New York City. getty If you thought you missed your chance to land a bargain in New York City’s housing market, you may be in luck. The average asking price for condos, co-ops and townhouses across Manhattan have dropped by nearly 10% this year,
The Home Edit makes an Easy Gingerbread Brownie with Eggnog Frosting in their signature rainbow … [+] design. McCormick 2020 was an incredible year for Clea Shearer and Joanna Teplin who are best known as the professional organizing duo, The Home Edit. Netflix debuted their show, Get Organized With The Home Edit to much fanfare, and their second book, The Home Edit
With forbearance, borrowers hit pause on their monthly loan payments. Getty The Department of Housing and Urban Development recently announced that the Federal Housing Administration is granting a two-month extension of its foreclosure and eviction moratorium and initial forbearance requests through February 28, 2021. The moratorium is for single-family home borrowers with FHA-insured mortgages to
The strange adventure of Dajia and Mirae involved a portfolio of 15 high-end hotels. RANJAN SAMARAKONE A Chinese company called Dajia agreed to sell 15 high-end American hotels to a Korean investment fund called Mirae for almost $6 billion. The contract deposit alone was half a billion dollars, under a contract signed a few months
The U.S. is looking at why a handful of people have suffered from severe allergic reactions shortly after receiving Pfizer’s coronavirus vaccine shots, a National Institute of Allergy and Infectious Diseases official told CNBC on Monday. The study – which is still in the early planning phases – is expected to include “several hundred” people
Peloton said Monday that it plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production of its cycles and treadmills and meet its promised delivery windows. Demand for Peloton’s exercise equipment has surged during the coronavirus pandemic, straining its supply chain, as consumers look to work out
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou | NurPhoto | Getty Images British Airways will require travelers to test negative for coronavirus before
Former Macy‘s CEO Terry Lundgren told CNBC on Monday he expects coronavirus pandemic-related disruption for the retail industry to persist well into next year, leading potentially to more store closures. “We’re not done yet. … We’re going to learn even more when we get through the holiday season,” Lundgren said on “Power Lunch.” “Retailers who
Robinhood CEO Vlad Tenev on Monday responded to claims that the stock trading company deceived customers about its money making tactics, which led it to a $65 million settlement with the Securities and Exchange Commission last week. In an appearance on CNBC’s “Mad Money,” Tenev said Robinhood, which is privately owned, has made staff changes
CNBC’s Jim Cramer on Monday broke down his long-trusted playbook to game the market on volatile days for stock trading. Equities on Wall Street spent the early part of the trading day in the red, coming under pressure as investors worried over new revelations about the coronavirus outbreak in the United Kingdom. The major indexes,
Chevy Chase and Beverly D’Angelo reprise their National Lampoon’s Christmas Vacation roles as Clark and Ellen Griswold for a new ad for the Ford Mustang Mach-E. Ford Comedian Chevy Chase is reprising his role as Clark Griswold from the film “National Lampoon’s Christmas Vacation” in a new holiday ad for the all-electric Ford Mustang Mach-E
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