Taxes

Marie-France Dompierre of Davies Ward Phillips & Vineberg LLP discusses how Canada taxes professional athletes who aren’t Canadian residents. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: athlete taxes, eh? With the Stanley Cup

Share to Facebook Share to Twitter Share to Linkedin Planning to buy an electric vehicle? Your net cost could depend on how successful the lobbyists of General Motors GM , Toyota, Ford and Chrysler parent company Stellantis are and whether West Virginia Senator Joe Manchin is ready to strike a deal with his fellow Democrats.

The employee retention credit (ERC) started out slow but keeps going strong, even to the present day. When it was first enacted on March 27, 2020 as part of the CARES Act, it received little fanfare because taxpayers that received a forgivable loan under the paycheck protection program (PPP) were prohibited from claiming the ERC.

I think we’re going to see a new era in how we manage this type of thing. My hope is people are going to give more thought to the importance of carrying inventory and safety stock so that we can survive some of these disruptions, especially around critical commodities. — Professor Willy Shih, April 23

If you are eligible for trader tax status (TTS), consider setting up a trading business to maximize tax benefits. Some traders benefit from an LLC; others don’t need one. Deduct trading business expenses. Elect Section 475 MTM for exemption from wash sales and the capital loss limitation. Be eligible for a 20% qualified business income

Share to Facebook Share to Twitter Share to Linkedin Do-it-yourself labor has powerful economic forces at its back. You can participate—or invest. I broke the mirror on my pick-up. To replace it (parts, labor, tax) my friendly dealer wanted $431. There would be a wait, because the parts would have to be ordered and openings

Today’s Social Security column addresses questions about how and when Social Security determines someone to have turned 62, filing for retirement benefits at FRA before later spousal benefits and retroactive retirement benefits before survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.

As workers, employers, and analysts try to understand the pandemic-induced increase in working from home, there’s a vigorous debate on remote work with economists like Adam Ozimek, Matthew Kahn, and Nicholas Bloom arguing the data show a major change. Although we don’t know the long term implications of these trends, some popular commentators may be

It must be hard to be Rick Scott. The junior senator from Florida began the year with an ambitious bid for party leadership among his fellow Republicans, releasing an “11-Point Plan to Rescue America.” For his effort, Scott received a vigorous, bipartisan spanking. It lasted for months, ending only last week when Scott agreed to

Share to Facebook Share to Twitter Share to Linkedin Republicans look set to take both houses of Congress this November and to win the White House in 2024. This episode of What’s Ahead deals with a critical question: Will the GOP squander its opportunities the way Boris Johnson and his Conservative Party-controlled government have done