WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
Taxes
If you have a taxable estate, consider yourself fortunate. I often tell clients, “paying estate taxes is a good problem to have.” It is better than the alternative – dying with few or no assets. But sometimes little thought is given to who will pay these estate taxes. An estate tax is a one-time tax
Woman Wrapping Present in Money Getty The deduction for charitable contributions is a centenarian that’s been through a lot since its 1917 inception. The coronavirus crisis could set the stage for the next major revision of section 170, and the most popular option seems to be expanding the deduction. It’s unsurprising that there’s now a call
TOPLINE The flood of new retail investors making speculative stock trades are not behind the market’s recent rally, according to new research from Barclays which found that many of Robinhood users’ top picks tended to underperform. Robinhood customers piling into a stock usually resulted in lower returns, Barclays found. Rafael Henrique/SOPA Images/LightRocket via Getty Images
Share to facebook Share to twitter Share to linkedin Getty The Internal Revenue Service (IRS) has issued guidance for some taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school. The guidance offers relief for students whose loans have been discharged by the Department of Education and
The more you contribute to your retirement account the fast you can retire. 401(k) contributions … [+] limits are increasing for 2020. Getty For those looking to put the maximum amount of money into their retirement accounts each year, the Internal Revenue Service (IRS) has some good news for you. Contribution limits for 401(k) and
Share to facebook Share to twitter Share to linkedin The trade deal easily passed the Senate in an 89-10 vote. Tasos Katopodis/Getty Images for CABC Topline: The U.S. Senate passed a new North American trade deal in a landslide vote on Thursday giving President Donald Trump another legislative victory—even as lawmakers begin debating his impeachment—and
Getty The Affordable Care Act’s individual mandate and shared responsibility payment are facing yet another challenge after the Tax Cuts and Jobs Act reduced the shared responsibility payment to zero in 2017 leaving access to healthcare for the uninsured unfortunately unclear. The ACA had resolved the matter — by imposing a tax, it eliminated nonpayers. The TCJA
Share to facebook Share to twitter Share to linkedin The Phase One agreement marks a cease-fire in the long-running trade war. Saul Loeb/AFP via Getty Images Topline: President Donald Trump and Chinese Vice Premier Liu He signed the long-awaited Phase One trade deal in an elaborate ceremony at the White House on Wednesday, marking a
DES MOINES, IOWA – JANUARY 14: Sen. Bernie Sanders (I-VT) makes a point as former South Bend, … [+] Indiana Mayor Pete Buttigieg and Sen. Amy Klobuchar (D-MN) listen during the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Six candidates out of the field qualified for the