Home loan / reverse mortgage or transforming assets into cash concept : House model, US dollar notes … [+] on a simple balance scale, depicts a homeowner or a borrower turns properties / residence into cash Getty In a recent column, I pointed out that mortgages can be major financial and tax losers. In particular,
Taxes
(Photo via Smith Collection/Gado/Getty Images). Getty Images Residential real estate seems to have regained health of late, and in more ways than one. On the macro side, activity, after months of stagnation and decline, has turned upward again. Alone, this change has lifted the specter of recession. Still more encouraging, lower-priced housing has begun to appreciate
A man uses his mobile phone as he walks past advertising for the new iPhones outside the Apple store … [+] in Hong Kong on October 10, 2019. (Photo by PHILIP FONG/AFP via Getty Images) AFP via Getty Images In the world of sin taxes, chemical taxes tend to fly under the radar. They aren’t
Everyone has to file tax returns annually, even Harvard Law School Professors. Most Americans don’t enjoy filing or paying, but they do it anyway, and they pay up. If they can’t pay, they get in line and start paying the IRS in installments. Some people are late, and some seem to fall off the grid,
Share to facebook Share to twitter Share to linkedin The deal might be a defensive play, but could also see shareholders from both companies benefit. Getty Images Topline: With Charles Schwab announcing it will acquire TD Ameritrade for $26 billion, most analysts will celebrate the massive scale of the merger, but the all-stock transaction suggests
ATLANTA, GEORGIA – NOVEMBER 20: Sen. Elizabeth Warren (D-MA) (L), former Vice President Joe Biden … [+] and Sen. Bernie Sanders (I-VT) (R) participate in the Democratic Presidential Debate at Tyler Perry Studios November 20, 2019 in Atlanta, Georgia. Ten Democratic presidential hopefuls were chosen from the larger field of candidates to participate in the
UNITED STATES – AUGUST 21: The Internal Revenue Service building is pictured in Washington on … [+] Wednesday August 21, 2019. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images Hear that noise? It’s the collective sighs of tax professionals around the country upon learning that the Internal Revenue
Rido81 The U.S. economy has now been growing for over ten years, the longest period of economic expansion in our history, but nothing lasts forever. Lately clients have been asking me about how to prepare for the upcoming recession. They’re unsettled by the political environment, threats of climate change and growing tensions with other countries.
EAST HAMPTON, NY – AUGUST 03: Cocktail hour outside at the 10th Apollo in the Hamptons benefit at … [+] the home of Ron Perelman and Anna Chapman (Photo by Rebecca Smeyne/Getty Images) Getty Images Last Friday, The Tax Policy Center sponsored a morning-long program on market-to-market taxation of capital gains. After three hours, I
One of the greatest confusions in discussions of inequality is that between income and wealth. This struck me recently when somebody with a very high W-2 (low seven figures) asked me what sort of things they could do to manage the income tax that, federal and state combined grabbed roughly half their income. Getty How