Retiree Sylva Coppock had some strong interests and hobbies before she left the workplace in her early 70s. She had worked as a desktop publisher, graphic designer, and executive assistant. When she retired, the plan was to just pursue hobbies. “I loved doing ancestry research,” said Coppock. “I spent a great deal of my free
Month: June 2021
In this episode of Tax Notes Talk, Kevin Brown, an associate with Morrison & Foerster LLP, discusses his proposal for taxing moon-based activity. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: One small step for tax. As they
Generation after generation of one household from the village of Orléat in central France has walked the same grounds for some 400 years. This sand-colored stone castle in the Auvergne-Rhône-Alpes region has been passed down within the family since it was built in the 17th century. Over the years, events put on by the owners
In this article BIIB Dementia expert Dr. Jason Karlawish told CNBC he’s skeptical of the Food and Drug Administration’s approval of Biogen‘s Alzheimer’s disease drug, Aduhelm, saying “the evidence to approve the drug wasn’t sufficient.” “Another study is needed to establish whether this drug, in fact, is effective. Unfortunately, the FDA approved the drug for
BTIG’s Julian Emanuel believes the Reddit frenzy will play a major role in a deep market sell-off this summer. On CNBC’s “Trading Nation” on Monday, Emanuel compared the current backdrop to late January when the mania was firing on all cylinders. Weeks later, wild swings pressured the major indexes as retail investors took profits. “We all
In this article .BBKA A customer shops for meat at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from
zimmytws | iStock | Getty Images President Joe Biden’s 2022 budget could give the Social Security Administration a $1.3 billion — or 9.7% — boost in funding. In total, the president is calling for $14.2 billion for the agency for fiscal year 2022. The proposed increase comes as the Social Security Administration expects to pay
A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to enhanced unemployment benefits.
If you inherited an IRA recently — or are following tax developments after the enactment of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) — you’ll be pleased to note that an IRS Publication error has been fixed. IRS Pub. 590-B Error Fixed IRS Publication 590-B for tax year 2020,
Season 3 of The Kominsky Method is now streaming on Netflix NFLX , starring Michael Douglas as an aging actor who owns and operates an acting studio. With apologies for being late* to the party, season one features a story line with massive IRS problems that the fictional Sandy Kominsky and his acting studio must
Old homes are a snapshot into history. Unique features like crown molding, wainscoting, arched doorways and stained glass windows make a statement that’s difficult to replicate with newer construction. If you’re looking to put down roots in a vintage home, consider that historic charm can outweigh the most tempting of today’s amenities. Some buyers seek
In this article TMUS T-Mobile CEO Mike Sievert on Monday laid out his vision for the next decade, telling CNBC that he believes his company can be the leader in 5G for the next decade. “We’re making the rules for the 5G era because we’re way ahead — and I mean miles ahead — and
In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares soared on Monday after the
In this article .SPX .DJI Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures are flat in overnight trading Monday after the Dow and S&P 500 each started the week lower. Futures on the Dow Jones Industrial Average fell 18 points, or 0.05%. S&P 500 futures ticked 0.01% higher and
Amazon CEO Jeff Bezos Alex Wong | Getty Images Going to space like Amazon founder Jeff Bezos comes with a hefty price tag. Bezos – the richest person in the world – will participate in the first passenger flight his space company, Blue Origin, is making, he announced Monday. The voyage will take place on
Jeff Bezos takes a look at the New Shepard rocket booster on the landing pad after a successful NS-15 flight and landing in April 2021. Blue Origin Jeff Bezos will fly on the first passenger flight of his space company Blue Origin, which the company plans to launch on July 20, the billionaire announced on
Uwe Krejci | DigitalVision | Getty Images The IRS on Monday announced it has started sending letters to more than 36 million American families who may be eligible for the expanded child tax credit and monthly payments set to begin in July. The maximum enhanced credit, which was established by the American Rescue Plan in
LGBTQ small business owners are having a difficult time getting back to business pre-pandemic. Just over 20% are having a hard time finding employees, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. The lack of workers could wind up hampering their efforts. Of those facing a hiring crunch,
Earlier today, the FDA gave its approval to a new Alzheimer’s medication, the first to be approved in nearly 20 years: aducanumab, given the brand name Aduhelm. The wife of one patient, cited in the New York Times NYT credited it with slowing disease progression “enough to allow him to participate in tasks like choosing
Here I go again, harping on the United States’ stubborn adherence to citizenship-based taxation. I have previously argued that residence-based taxation (RBT) is the superior model for how a government should tax individual income, which could explain why the doctrine is (almost) universally relied on outside the United States. The preference for RBT stems from the
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