WASHINGTON, DC – FEBRUARY 10: U.S. President Joe Biden speaks as he makes a statement at the South … [+] Court Auditorium at Eisenhower Executive Building February 10, 2021 in Washington, DC. President Biden made a statement on the coup in Burma. (Photo by Alex Wong/Getty Images) Getty Images President Biden wants to revamp the taxation of
Taxes
BROCKTON, MA – MARCH 19: Parents combining work and child care at home due to the pandemic. (Photo … [+] by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Employment and real estate markets remain agitated by the Covid-19 pandemic, with some predictions of a major shift to working from
The students holding a shot of graduation cap by their hand in a bright sky during ceremony success … [+] graduates at the University, Concept of Successful Education in Hight School,Congratulated Degree getty President Biden and House Way & Means Committee Democrats have proposed increasing the earned income tax credit (EITC) for workers without children
Time to lower your taxes with a SEP IRA getty The 2021 tax season is here, and if you’re self-employed, the SEP IRA may hold the key to slash your 2020 taxes owed. Business owners and those with a 1099 are likely eligible to contribute to a SEP IRA. For those who earned more than
Like every other middle-aged American man, I’m riddled with insecurities. To compensate for those fears that I’m not quite good enough, I’ve become overly competitive in all arenas of my life because, well…it’s cheaper than a sports car. Electric city bikes on a stand in snow on the Upper West Side, New York. (Photo by:
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about eligibility to take retirement benefits at 70 after taking spousal benefits at full retirement age, filing early as the lower earner or delaying and finding current and future benefit estimates after filing for other benefits. Larry Kotlikoff is a Professor of Economics at Boston
BROOKLYN, NEW YORK – DECEMBER 20: Dog waste overflows from a city trash can on December 20, 2020 in … [+] Brooklyn. A recent snow storm and budget cuts due to the COVID-19 crisis, feeds fears that daily life services, such as trash collection, have declined dramatically in New York City. (Photo by Andrew Lichtenstein/Corbis
UNITED STATES – FEBRUARY 10: Chairman Richard Neal, D-Mass., left, and ranking member Rep. Kevin … [+] Brady, R-Texas, talk during the House Ways and Means Committee markup on COVID-19 relief measures. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images The major tax provisions of the pandemic relief
businessman chooses the path strategy 3d illustration getty In this installment of Willis Weighs In, Tax Notes contributing editor Benjamin M. Willis talks with DiAndria Green of Bennett Thrasher LLP, Amie Colwell Breslow of Jones Day, and Nicholas Kato of Leo Berwick about the twists and turns they encountered as tax professionals. From a lack
Businesses around the country have been slow to evaluate, or quick to assume they are ineligible for, the 2021 Employee Retention Credit (“ERC”). The result: a significant amount of cash is still being paid to the Federal government when it could remain with companies that need it. In 2021 the maximum amount of ERC is $7,000