Getty The Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, enacted in March, contained a number of provisions designed to provide relief to cash-strapped taxpayers, including retirees. Key breaks included reduced penalties for taking early IRA distributions, waiver of required minimum distributions (RMDs) and the option to spread taxes on retirement plan distributions over three
A recent Maryland court case (Strashny v. Commissioner of Internal Revenue) filed on June 11, 2020 shows how your cryptocurrency holdings could work against you in applying for an installment plan with the IRS and how — contrary to popular belief — regulators have oversight over your cryptocurrency portfolio. Facts Of The Case The taxpayers in the
Running out of paper isn’t the only toilet-associated risk, according to a new coronavirus study. Getty You’re keeping six feet between yourself and others in public and avoiding crowded public spaces, especially indoors. You’re wearing a mask outside of the house. You’re keeping your home’s surfaces as germ-free as possible to avoid even the lower
Medical personnel move a deceased patient to a refrigerated truck serving as make shift morgues at Brooklyn Hospital Center on April 09, 2020 in New York City. Angela Weiss | AFP | Getty Images A coronavirus model once cited by the White House now projects more than 200,000 Americans could die of Covid-19 by Oct. 1,
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares of the car rental company whipsawed and fell 4% in extended trading after the company
Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic ends next week, its new stablemate Casa Cacao is already back in business. Owned by
Students at the Bradley-Bourbonnais Community High School graduation ceremony on May 06, 2020 in Bradley, Illinois. Scott Olson The future is suddenly looking very different for new high school graduates thanks to the coronavirus pandemic. In fact, 49% of the Class of 2020 have changed their plans as a result of the crisis, according to
By Michele Turk, Next Avenue Contributor Getty By the time my doctor told me via FaceTime that I tested positive for Covid-19, my symptoms were long gone. I was probably not contagious anymore, and I had temporary immunity to the virus. For weeks afterward, the same thought replayed in my mind: I survived the coronavirus. How
Watch Benjamin Willis and Joseph Thorndike, contributing editors for Tax Notes Federal, discuss the Whiskey Rebellion, the first time the federal government used military force to quell a domestic uprising. Here are a few highlights… On federal military force and tax Joseph J. Thorndike: The very first time that the federal government used military force to put
New home construction may finally be seeing a turnaround. Getty New home construction had all but ground to a halt in recent months, as the coronavirus pandemic swept the nation, closing cities and businesses down with it. Fortunately, it appears those days are numbered. According to data released by the Census Bureau this morning, housing