1960’s US postage stamp honoring Thoreau. getty One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it sums
Taxes
Young woman shops online while at home. getty The pandemic-driven recession is hitting the budgets of non-income tax states like Texas and Florida more than than the rest of the country. Data from the Urban Institute shows that these two states have suffered some of the highest revenue losses since March 2020. Florida’s total tax
If your employer lets you make changes to your workplace healthcare elections for 2021 under new … [+] Treasury guidance, it could cut your tax bill. getty Wish you could change your health plan for 2021? In newly released guidance on new flexible rules for healthcare and dependent care FSAs, the Internal Revenue Service has included
The New York City Housing Authority’s John Haynes Holmes Towers are shown, Thursday, April 4, 2019, … [+] in New York. (AP Photo/Mark Lennihan) ASSOCIATED PRESS Rule 97 of the Ferengi Rules of Acquisition – Enough is never enough – seems to be theme of the Year 15 struggle between aggregators and the not-for-profit(NFPs) sponsors
A now hiring sign is displayed at a CD One Price Cleaners in Schaumburg, Ill. Applications from … [+] laid-off workers rose 13,000 from the previous week, which was revised sharply higher, the Labor Department said Thursday, Feb. 18. (AP Photo/Nam Y. Huh, File) ASSOCIATED PRESS More Republican-led states are still dealing with big revenue
A model house model is placed on wood word TAX . as background property real estate concept with … [+] copy space for your text or design. getty Although few in the United States are unfamiliar with the term “commuter,” it is less likely so with “road warrior,” a term applied to business owners and
Before you start your federal tax return, know the changes in key IRS forms that affect you getty Tax Season 2021 has begun. When you dig into your tax return for reporting 2020 income, you’ll notice that Form 1040 has changed yet again. In 2018, the IRS condensed Form 1040 significantly, completely revamping the prior
A piece of playground equipment stands in a park play in the Setagaya district of Tokyo, Japan, on … [+] Sunday, June 26, 2016. Packed trains, overcrowded schools and the country’s longest waiting lists for preschool care are the norm in Setagaya, the most populous of Tokyo’s 23 wards, as the Japanese continue their drift
Alarm clock and colour papers on the white background. Tax Time. getty Phyllis Jo Kubey, a solo practitioner based in New York City, and Ryan L. Losi, executive vice president at PIASCIK, discuss the 2021 tax season and the unique challenges posed by the COVID-19 pandemic. Read the podcast episode’s transcript below. The post has been
Getty getty Most owners of second homes leave a lot of money on the table, especially when it’s time to sell the house or pass it on to the next generation of owners. There are three basic choices for transferring ownership of the second home, but the details of each option are flexible. Most vacation