Month: April 2021

An IRS Memorandum released on April 9, 2021 (Number: 202114020) further clarifies when cryptocurrency hard forks should be taxed. The memorandum specifically talks about bitcoin (BTC) & bitcoin cash (BCH) hard fork occurred on August 1, 2017 at 9:16 AM EDT. Pursuant to the hard fork, people who held BTC received an equivalent amount of
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Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden.  That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
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Igor Golovniov/SOPA Images | LightRocket | Getty Images Mastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs. The exact amount was not disclosed. The credit card giant also unveiled a partnership with Greenwood, a fintech firm aimed
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Today’s column addresses questions about whether there are potential advantages to delaying spousal benefits past full retirement age (FRA), when divorced spousal benefits can be available and how spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize
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In an ordinary year, filing taxes can be annoying, confusing, stressful, and costly. Throw in a COVID-19 pandemic, and all the financial chaos that has followed, and it can be completely overwhelming. The tax year 2020 seems to be throwing many tax preparers for a loop. Many taxpayers are in desperate need of their stimulus
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Held twice a year in the spring and fall, the High Point Market is the world’s largest home furnishings trade show. 2,000 manufacturers from over 100 countries come to show their products in nearly 200 buildings encompassing 12.2 million square feet of showroom and exhibit space. Generating $6.73 billion annually, the scale of the show is dizzying, the largest economic event
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