Economic Security Planning, Inc. Today’s column addresses questions about applying for benefits during the coronavirus pandemic, eligibility for spousal benefits, survivor benefit eligibility and calculation and when checks are deposited by SSA. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize
Taxes
A recent Maryland court case (Strashny v. Commissioner of Internal Revenue) filed on June 11, 2020 shows how your cryptocurrency holdings could work against you in applying for an installment plan with the IRS and how — contrary to popular belief — regulators have oversight over your cryptocurrency portfolio. Facts Of The Case The taxpayers in the
Watch Benjamin Willis and Joseph Thorndike, contributing editors for Tax Notes Federal, discuss the Whiskey Rebellion, the first time the federal government used military force to quell a domestic uprising. Here are a few highlights… On federal military force and tax Joseph J. Thorndike: The very first time that the federal government used military force to put
In the last week, the Small Business Administration has released a flurry of guidance — or what passes as guidance in this situation — governing forgiveness of Paycheck Protection Program loans, culminating this morning in the release of a new Form 3508 for borrowers to use in requesting said forgiveness. Piecemeal as the guidance has
TOPLINE Stocks jumped on Tuesday thanks to a record surge in retail sales last month, additional support from the Federal Reserve and hopes for more government stimulus. Retail sales jumped by a record 17.7% in May. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 2%, over 500 points, on Tuesday, while
A portrait of Nicki Howard Courtesy of Nicki Howard Nicki N. Howard is senior tax counsel for CSX Transportation Inc. Headquartered in Jacksonville, Florida, CSX is a rail carrier servicing states east of the Mississippi as well as portions of Canada. There have been a number of articles discussing why women are leaving tax. However, there is more to say
Economic Security Planning, Inc. Today’s column addresses questions about how SSA determines spousal benefit amounts, COLAs and survivor benefits, when COLAs and delayed retirement credits are applied, the WEP and multiple pensions and the effect of the family maximum on child benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Getty As the numbers of those affected by COVID-19 continue to climb, the Internal Revenue Service (IRS) is providing guidance for employers whose employees take advantage of leave donation programs because of the COVID-19 pandemic. Typically, employer-sponsored “leave donation” programs allow employees who have accrued sick, vacation, or personal leave that they don’t need to
Autumn colors illuminated by alpenglow on previously burnt mountain. Getty In the second part of a two-episode series, Tax Notes legal reporter Kristen Parillo interviews Steve Small, one of the authors of the federal income tax regulations on conservation easements who is now in private practice, about the controversy surrounding the tax treatment of conservation easements. This
The Paycheck Protection Program is a key part of Congress’ virus relief, and it’s gotten way better. In late May, Congress passed a bill expanding the program in key ways, extending the tight 8 weeks covered by the law to 24 weeks. What’s more, Congress relaxed the rule that 75% of funds must go to