People take part in a protest against the Republican tax bill in Los Angeles, California on December 4, 2017. Democrats and many economists warn that the GOP tax plan gives large tax cuts to corporations and the wealthy and will hurt middle class NurPhoto via Getty Images The most obvious parts of financial inequality are
Taxes
US President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Jersey, June 29, 2018. – Trump denied he is planning to withdraw the United States from the World Trade AFP/Getty Images The list of U.S. tariffs on EU products
The recent report titled The Use of Schedule K-1 Data to Address Taxpayer Noncompliance Can Be Improved from the Treasury Inspector General For Tax Administration (TIGTA) has me demoralized. A good part of my career was making sure that partnership returns were done correctly (or as correctly as possible) and that the items flowing from
PLYMOUTH, NH – SEPTEMBER 29: Democratic presidential candidate, Sen. Bernie Sanders (I-VT) speaks at Plymouth State University (Photo by Scott Eisen/Getty Images) Getty Images This week, Democratic presidential hopeful Bernie Sanders proposed raising the tax rates for large corporations where there are “exorbitant” pay gaps between top executives and rank-and-file workers. It is just the
Many stock mutual funds can quietly rob unsuspecting investors by creating unnecessary taxes. This primarily occurs when mutual funds are held outside a tax-favored work retirement plan, individual retirement account or Roth IRA. To help understand why this occurs, it is important to first learn about how stocks that are not owned within a mutual
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses filing restricted applications in light of recent changes, which month to file an application, eligibility for spousal benefits, potential effects of a public pension survivor benefit, and spousal benefits
Tax credits for buying a new Tesla in the U.S. are winding down at year-end. FREDERIC J. BROWN/AFP/Getty Images Is your car eligible for a $7,500 green tax break? Maybe. Maybe not. In a new audit report, the Treasury Inspector General for Tax Administration found that millions of dollars in potentially erroneous plug-in tax credits
photo by Mike Kemp/In Pictures via Getty Images In Pictures via Getty Images EXPANDED SAFE HARBOR FOR LANDLORDS UNDER 199A (HOORAY) Just when we finished our Section 199A book, and started to promote, The IRS issued Revenue Procedure 2019-38, to let a few more landlords float. Under this new part of the Section 199A Rules,
Share to facebook Share to twitter Share to linkedin Lawsuits are pending in a host of federal courts. Getty Images Topline: With Democrats pursuing multiple investigations into the president’s elusive finances, ongoing court battles over the release of Trump’s tax returns are heating up. Here’s a running list of where the various lawsuits stand: New
By the time reality stars Todd and Julie Chrisley were indicted on 11 criminal counts of tax evasion and bank fraud, many things had gone wrong. If the weight of the federal government is pressing down on you with charges that, if proven, could draw up to an astounding 30 years in prison, it seemed