Taxes

Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The uptrend in the S&P is likely to persist through the week. Here are a long and a short recommendation. FedEx has been staging a recovery rally since its late November top. The weekly cycle

Here’s something you may not know about closed-end funds (CEFs): they can give you a much lower tax bill than if you buy and sell stocks yourself. And if you follow the first-level strategy most folks do and invest through an index fund like the SPDR S&P 500 ETF (SPY), you’re almost certainly paying more

The provision of the Tax Cuts and Jobs Act that right now is giving the most stress to tax preparers is probably Section 199A also knows as the pass-through deduction. Sitting in an RV in a state park in Georgia, I once again am grateful that I retired from doing compliance work.  Not having any

Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. T is for Trust Fund Taxes.

It’s almost Tax Day. Unless you’ve had your head in the sand, it would be hard not to know something about the college admissions scandal. Prosecutors charged 50 people in an alleged scheme to secure spots at top universities by illicit means, from fixing test scores, to faking athletic prowess, to rigging donations. The charges have yet

Spring has sprung, but so has tax-return stress. Need a filing extension? Trying to figure out whether to pay estimated taxes for your 2019 income? To avoid IRS penalties in these matters, you must be sure you’re following the rules. Getty “April is the cruellest month,” famously wrote the poet T.S. Eliot. If you haven’t yet filed your

Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. S is for Security Deposit. If

For most people, saving for retirement is best done through accounts specifically designated for retirement, like 401(k)s or Traditional or Roth IRAs. By design, these accounts offer preferential tax treatment — you either get a tax break now, or later in retirement. Getty Royalty Free For example, most contributions in Traditional IRAs and 401(k) accounts

Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. R is for Real Estate Investment

Share to facebook Share to twitter Share to linkedin Getty It’s not just the Internal Revenue Service (IRS) issuing warnings about phone impersonation and related scams: the U.S. Tax Court has also issued a warning on its website in an effort to educate taxpayers so that they don’t become victims (downloads as a PDF).  Like the IRS,

A “Small Business” can be identified as a being a privately-owned corporation, partnership, or sole proprietor that have fewer staff and less annual revenue than a regular-sized corporation. The European Union (EU) defines a small business as one with under 50 employees. Small business or as they are sometimes known, small and medium-sized enterprises (SME’s)

The new tax won’t negatively impact New York’s luxury marketplace all that much over the long term. Like all changes, this will take a little time to get assimilated. The New York market bounces back quickly. Getty What constitutes a mansion in New York City? For the past several decades, buyers of residential property in New

Road signs showing directions around central London and warnings about entering the Congestion Zone for which private motorists must pay a fee, near Marble Arch in London, Friday Sept 30, 2005. London’s Mayor Ken Livingstone on Friday confirmed that the city is expanding its congestion-charging zone for vehicles. Vehicles are charged 8 pounds (euro11.70 US$14.10)

Bank fraud is an important part of banks’ operational risk exposures. Getty As a globally systemically important bank, Deutsche Bank’s risk management capabilities should matter not only in Germany and the United States, but in any country where Deutsche Bank has legal entities.  Bloomberg’s Tim O’Brien and the New York Times’ David Enrich have recently

Last week, New Jersey Gov. Phil Murphy signed legislation creating a state-run “Secure Choice” retirement plan for an estimated 1.7 million private sector workers who lack a 401(k) at work. New Jersey is likely to be disappointed at the response to its new “auto-IRA,” but for a good reason: the true “retirement coverage gap” is

The due date for individual tax returns is actually April 15th this year for most of us.  Emancipation Day, a holiday in the District of Columbia, falls on April 16 this year, so it does not affect the April 15 due date for most people.  This year Patriots Day falls on April 15 so it

Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses deeming under the Bipartisan Budget Act of 2015, marriage requirements for divorced spousal benefits, when survivor’s benefits might be claimed, filing after stopping work and the availability of spousal

Ever heard of the “tax benefit rule?” It’s a basic premise of the tax law providing that if you deduct an amount you paid in one year, and then later recover all or a portion of that payment, well…it stands to reason that you should have to include that recovery in income. The purpose of