tktktkktktkktktkktktktkktkt Alison Yin/AP Images for American Institute of Certified Public Accountants Libra Wealth, the Los Gatos, California firm started not quite four years ago by CPA Mark Astornio, is giving stock pickers a run for their money by offering advice on tax maneuvers at a fraction of the cost. Mark Astrinos is a 37-year-old CPA
Taxes
A series of strategies for tax-wise investors. Table of Contents. Asset handover getty You can move appreciated assets from this person to that person, in order to reduce or eliminate the tax on the capital gain. You could, for example, transfer a winning stock position to your daughter to help her pay off college loans
Lawsuit form an a desk with pen and calculator getty Things have not been great for the syndicated conservation easement (SCE) industry. Late in December, two accountants who focused on SCE pled guilty to conspiracy. The circumstances of their pleas indicate that they are cooperating with the prosecution. The latest is that David Deary’s firm
Tax-hungry legislators may go after incomes over $400,000. But they will likely leave in place a rich collection of avoidance devices. Here are ways that investors minimize damage from the IRS. Democrats, narrowly in control of Congress, are equipped to undo parts of the 2017 Trump tax cut and, perhaps, to attack some of the
Economic Security Planning, Inc. Today’s column addresses questions about how continuing to work can increase benefit amounts, whether to file for early retirement benefits while receiving Social Security disability benefits and how the earnings test can affect a benefit taken before full retirement age. Larry Kotlikoff is a Professor of Economics at Boston University and
New IRS guidance about tax deductions and PPP Loan Forgiveness getty What a year 2020 was, and so far, 2021 has been quite exciting as well. For business owners, we finally have some excellent news about PPP Loan forgiveness. After some confusion over the past year, we finally have some clarity to the question of
getty For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts, or what used to be called the FBAR. That appears to be changing. FinCEN has now announced an intention to amend the rules
Albert Einstein is reputed to have said “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” Whether Albert Einstein really said that isn’t the point. Instead, consider that the point is well taken, and was never more well taken than when dealing with the
President-elect Joe Biden has unprecedented plans for the housing industry. His proposal for $640 billion over 10 years includes three tax incentives — a new renter’s tax credit, a refundable first-time homebuyer’s credit, and an expansion of the low-income housing tax credit (LIHTC). The incoming administration will likely review and finalize recently released proposed regulations (REG-119890-18) on
People. Need. Fun. Yeah, yeah…that’s not exactly news, but given the current climate, it bears repeating. The ‘Hamilton’ musical signage hangs outside of the Richard Rodgers Theatre in the Times Square area … [+] of New York, U.S., on Sunday, May 22, 2016. Forty theaters sold a record $1.365 billion worth of tickets during the