Month: January 2021

The latest round of stimulus has offered help to individuals, but includes some desperately needed, … [+] and hopefully, very helpful stimulus aimed at small businesses. getty The Consolidated Appropriations Act (CAA) gave us some last-minute fiscal relief, notably $600 stimulus checks for individuals and provisions for some hard-hit areas aimed at mitigating the continuing
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Economic Security Planning, Inc. Today’s column addresses questions about whether to take a survivor’s benefit before a retirement benefit delayed until 70, how Canadian pensions can affect US Social Security benefits and how Social Security verifies marriages. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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Don’t get surprised! Know the annually adjusted tax numbers in 2021 that affect you. getty January can be a hectic month, but don’t forget basic tax planning for 2021. At the start of each year, key numbers in many tax-law provisions are adjusted for inflation. Many of the adjustments are important for employees, their paychecks,
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Legal malpractice claims arise out of accident and medical malpractice cases, wills and trusts, divorce, litigation, tax advice, real estate deals, and many other types of legal matters. Whatever the circumstance, when a legal malpractice case settles, there are bound to be tax issues. Is the recovery taxable, and if so, as ordinary income, capital
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Economic Security Planning, Inc. Today’s column addresses questions about potential effects of filing for early retirement benefits on a spouse’s benefit, when reductions for filing early can and cannot be lifted and retirement benefit estimates on SSA’s website. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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getty Retired IRS economist Kim Bloomquist discusses his findings of geographic — and perhaps race and class — bias in the tax agency’s selection of audits. This post has been edited for length and clarity. William Hoffman: Welcome to Tax Notes Talk, Kim Bloomquist. Kim Bloomquist: Thank you for inviting me. William Hoffman: You worked for the IRS for 20 years
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Word Tax 2021 on calculator. Glasses, pen and the calculator on documents. The concept of financial … [+] stability,Income Statement getty Tomorrow, January 2oth, Joe Biden will be sworn in and for the first time since 2009 the Democrats will control the White House, the House and the Senate (though with Vice President Harris providing
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WASHINGTON, DC – JANUARY 19: Janet Yellen, President-elect Joe Biden’s nominee for Secretary of the … [+] Treasury, participates remotely in a Senate Finance Committee hearing. (Photo by Anna Moneymaker-Pool/Getty Images) Getty Images It was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit
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Matt Damon’s extraordinary retreat showcases masterful craftsmanship. Alexis Adams Academy Award-winning actor Matt Damon and his wife, Luciana Bozán Barroso, have listed their home in Los Angeles’ ultra-exclusive Pacific Palisades neighborhood for $21 million. The couple reportedly plan to move their family to New York City, where they bought a Brooklyn Heights penthouse two years ago
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