A beach home on the west end of Dauphin Island, Alabama in the Gulf of Mexico is left pieces in the wake of Hurricane Katrina Thursday, September 1, 2005. Photographer: Kari Goodnough/Bloomberg News BLOOMBERG NEWS Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to
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President Donald Trump and French President Emmanuel Macron during the final press conference of the G7 Summit on August 26 2019, in Biarritz, France. NurPhoto via Getty Images President Donald Trump’s trade war with China and his pronouncements about tariffs have been rocking the stock market and investors. Now, with a 15% tariff on $109
In this 2017 file photo, Jerome Powell, before being confirmed as chairman of the Federal Reserve, sits in the audience waiting to testify during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington. (AP Photo/Carolyn Kaster, File) ASSOCIATED PRESS I hope Jerome Powell shows some backbone at the next
Share to facebook Share to twitter Share to linkedin According to the National Hurricane Center Dorian is predicted to hit Florida as a Category 4 storm over the Labor Day weekend. (Photo by NOAA via Getty Images) Getty Images Late last night, Hurricane Dorian became a Category 4 hurricane with the maximum sustained winds of
Partnership returns have a new election to consider this year. Question 25 on Page 3 of Form 1065. Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? You have had four years to be thinking about it, but the word is slow getting to some people. I’ve confirmed that with a
In 1924, the seminal macro -economist, John Maynard Keynes, called the gold standard (and by proxy gold) “a barbarous relic”. Why then, 95 years later, can’t I go 30 minutes without a bullish view on gold or a “buy gold now” commercial on business TV? Because for 3,000 years gold has been the ultimate currency,
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 takes up suspending at full retirement age after filing early, when it’s possible to reinstate a retirement benefit after suspending it, fishy claims about eligibility to tens of thousands of
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 discusses whether early retirement benefits will reduce widow(er)’s benefits taken later, potential benefits for younger single parents, effects of earnings $1,000,000, effects of suspending a retirement benefit and income with
Getty Where do I pay taxes? I get that question a lot. Sometimes it comes from a person from another country who is present in the United States (U.S.) on a work or student visa. Sometimes it’s directed from a U.S. citizen living and working in a foreign country. Other times, it’s from a long-term
The massive tax law passed by Congress and President Trump at the end of 2017 radically reshaped traditional tax planning in ways that are still emerging. A prime example is choice of entity for small and not-so-small businesses. There are still the usual suspects, corporations, partnerships and limited liability companies (LLCs), but many tax incentives have changed. A few