Taxes

Digital platforms have caused massive disruption across multiple industries and reshaped global trade. There are currently thousands of companies applying this business model in all kinds of sectors, including e-commerce, transport and hospitality. Platforms have become the backbone of the sharing economy which revolutionised the way people access goods and services and opened up new

Share to Facebook Share to Twitter Share to Linkedin What are some good dividend stocks to buy? The right answer depends on your financial goals. With dividend stocks, there’s usually a trade-off between yield and reliability. Said another way, the dividend-payers that generate maximum income for your investment dollar aren’t always the most dependable. And

There have been many federal disaster situations around the U.S. these past years. See if you qualify to pay taxes and file tax returns after the original deadline. See Tax Relief in Disaster Situations. For example IRS: May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and Georgia. Check

Individual tax returns for 2022 are due April 18, 2023. However, most active traders aren’t ready to file on time. Some brokers issue corrected 1099Bs right up to the deadline. Many partnerships and S-Corps file extensions by March 15, 2023, and don’t issue Schedule K-1s to partners until after April 18. Many securities traders struggle

The IRS has issued a reminder for retirees who turned 72 during 2022 that, in most cases, Apr. 1, 2023, is the last day to begin receiving required minimum distributions—or RMDs—from Individual Retirement Arrangements (IRAs), 401(k)s and similar retirement plans. Special Rule If you reached age 72 during 2022, you’re covered by a special rule

Some say that an Oscars statuette is the most valued item in Hollywood and one of the most coveted for launching or capping a career. The faux gold statue isn’t taxed as income, but all those pricey luxury goods advertisers hand out to stars? You guessed it, they are taxable income. And the gifts are

In the first year of Richard M. Nixon’s presidency, key members of his White House staff began agitating for major changes at the IRS. The agency’s most serious problem, they contended, was its independence. The obvious solution: politicize it. “There is no office in government touching on more people than the IRS and one report

On March 9, 2023, President Biden released his official budget. As expected, his budget priorities include increasing taxes on corporations and high earners, boosting spending on policy items like energy and education, and moving to reduce the deficit. Budget Proposals Are Not Law But before you rush out and make plans based on the budget,

Today’s Social Security column addresses questions about when delayed retirement credits are applied to benefit rates, whether the WEP is fair or not and survivor benefits while working. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have

If you’re a regular reader, you were likely expecting a reminder about filing for an extension during tax season. If I had to guess, you thought it might pop up in April—not at the beginning of March. I’m doing things a little differently this year. And there’s a reason. I want to change the narrative