Getty So far, 117,000 Americans have died of Covid-19. The CDC projects Covid-19 deaths at 1,000 per day over the next month. At this rate, the Covid body count will be almost a quarter of a million by Election Day. President Trump declared himself the War President, suggesting he was going to lead us to
Taxes
Economic Security Planning, Inc. Today’s column addresses questions about maximum rates for retirement benefits, the WEP and substantial covered earnings after 62, restricted applications and the 1/2/1954 deadline, when spousal benefits can be available and how they’re calculated and protective filing dates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Frontal image of Tyrannosaurus Rex walk . This is a 3d render illustration Getty Independent Baptist minister and Young Earth Creationist Kent Hovind (Doctor Dino) has been loudly and publicly promising to sue the United States for what he considers unjust imprisonment and theft of his property for many years. When he actually pulled the
Woman dealing with taxes on her retirement savings. Getty Are you setting yourself up for a tax problem caused by your retirement savings? Too often, people hear the tax-deductible and tax-deferred side of the story and assume that means tax-free. Not so, unfortunately. Recently a new client shared that she had made a withdrawal after
Getty (Updated: June 12, 2020) On March 20, 2020, Treasury Secretary Mnuchin extended the tax filing and payment deadline for federal income tax to July 15, 2020. This relief includes estimated payments for the first and second quarters. You can find more information and guidance here. Some states have also extended filing and payment deadlines –
Bitcoin currency sign in digital cyberspace. Technology Network and Internet marketing, Money … [+] Exchange background concept Getty The tax code does not treat every stream of income the same way. If you are a cryptocurrency user, it is important to know about these different types of income because they can dramatically impact your post-tax
Closeup of weightlifter clapping hands before barbell workout at the gym Getty In the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Jasper Smith, executive editor for commentary for Tax Notes, discuss Ben’s journey from the foster care system in Providence, Rhode Island to one of the tax industry’s must-watch thought
Economic Security Planning, Inc. Today’s column addresses questions about the earnings test and a spouse’s retirement benefit, spousal and retirement benefits, survivor benefit rates, maximizing spousal benefits and eligibility for divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
Income on a K-1 flickr Editorial/Getty Images If you ever receive a K-1 from a partnership, send it to your accountant without looking at it and expect that your accountant is tracking things thoroughly, pay attention. If you do your own return, pay even closer attention. IRS efforts to tighten up partnership reporting may be
In a recent interview, attorney Steven J. Oshins and CPA Bob Keebler described the current estate planning environment as a “perfect storm”. The unified credit amount is $11.4 Million per person; the interest rates are at an unprecedented low of 0.6% (June 2020); the CARES Act waives the Required Minimum Distributions from Retirement Plans; market volatility