Taxes

Share to facebook Share to twitter Share to linkedin With the market near records, many stocks have surged as well. Getty Topline: Wall Street cheered the release of November’s blockbuster jobs report on Friday, helping the market recover its trade-war-related losses from earlier in the week and putting a number of major stocks at new

Getty Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision. Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The local currency has declined

Share to facebook Share to twitter Share to linkedin Friday’s jobs report will deliver key insights into the U.S. economy. Lynne Sladky/ASSOCIATED PRESS Topline: With the U.S. Labor Department set to release its monthly jobs report on Friday, Wall Street will be watching the numbers closely to get a gauge of the economy’s momentum and

Share to facebook Share to twitter Share to linkedin It’s not the first time the senator has gone after big business. Elijah Nouvelage/Getty Images Topline: While Elizabeth Warren has made her presidential campaign all about going head-to-head with big business, the presidential hopeful is now working on a sweeping new anti-monopoly bill, first reported on

Economic Security Planning, Inc. Today’s column addresses questions about benefits lost to the earnings test, continuing to work after filing, what happens to disability benefits at full retirement age (FRA), deciding not to continue working after filing and when to file for spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and

MIAMI, FL – APRIL 15: Hermando La Roza holds a sign indicating that there are zero day left to … [+] file taxes as he stands in front of a Liberty Tax office on April 15, 2019 in Miami, Florida . April 15 is the deadline in the United States for residents to file their

Share to facebook Share to twitter Share to linkedin French imports like cheese and makeup would become more expensive. Ludovic Marin/POOL/AFP via Getty Images Topline: President Trump is threatening to slap 100% tariffs on $2.4 billion worth of French goods—including everything from Champagne to cheeses, in apparent retaliation for France’s new digital services tax, which

null Getty Albert Einstein, iconic genius and one of the greatest minds of the last century, had one puzzle he found baffling: “The hardest thing in the world to understand is the income tax.”  If he found taxes enigmatic, it’s no surprise that the rest of us have difficulty following along. The end of the

Share to facebook Share to twitter Share to linkedin An anti-government protester stands guard at a burning barricade in Santiago, Chile. Rodrigo Abd/ASSOCIATED PRESS Topline: Many of the mass protests happening around the world were sparked by anger over the economy—especially rising inequality and high costs of living—and then quickly evolved into larger, more potent

Share to facebook Share to twitter Share to linkedin In addition to Trump’s financial records, the committees are seeking information on his children … [+] Donald Jr., Eric and Ivanka. AP Photo/Evan Vucci Topline: A federal court said Tuesday it will not stop Deutsche Bank and Capital One from handing over ten years of President

Economic Security Planning, Inc. Today’s column addresses questions about when and if spousal benefits may become available, foreign pensions’ effects on benefits, when survivor benefits can become available, remarriage and Medicare benefits and survivor rates for disabled adult children. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of

Share to facebook Share to twitter Share to linkedin The dispute over Hong Kong could derail trade talks. Johannes Eisele/AFP via Getty Images Topline: Days after President Trump signed into law a bill supporting pro-democracy protests in Hong Kong, China hit back with limits on the U.S. Navy and critical nonprofit organizations, with the escalating

LONDON, ENGLAND – SEPTEMBER 13: A plane comes into land at Heathrow Airport on September 13, 2019 in … [+] London, England. (Photo by Leon Neal/Getty Images) Getty Images Fasten your safety belts. Jeremy Cape of Squire Patton Boggs explains the U.K.’s Air Passenger Duty (APD) and one group’s proposal to impose a frequent flyer

PNC Ready to do some Christmas shopping? In the wake of Black Friday and the run-up to Cyber Monday, shoppers are hitting the stores – and the keyboards. If you’re hoping that “The 12 Days of Christmas” will offer some gift-giving inspiration this year, you’re in luck. With inflation holding steady, it will cost just $38,993.59

A woman uses a tablet for online shopping, banking, and more. Getty Tax Notes legal reporter Ryan Finley summarizes the OECD’s pillar 2 proposal and Monika Loving of BDO provides her take on the consultation draft. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome to the podcast.

Economic Security Planning, Inc. Today’s column addresses questions about working after beginning benefits, accidentally filing earlier than intended, spousal benefits on a disabled worker’s record, restating suspended benefits and the possibility of filing retroactive SSA taxes. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,

Almost have of the banks in the U.S. do not have satisfactory supervisory ratings from the Federal … [+] Reserve. BLOOMBERG NEWS On Tuesday, right as most Americans were running around doing last minute preparations for Thanksgiving, the Board of Governors of the Federal Reserve System published the second annual ‘Supervision and Regulation Report.’ I

A long string of losses in a horse related business may well attract IRS attention. Don’t despair. If you take the right steps you have a good chance of winning in Tax Court. Reilly’s Eighteenth Law of Tax Planning – Honest objective trumps realistic expectation. A quarter horse mare showing its muscles. Cd. Victoria, Tamaulipas,

PARIS, FRANCE – JUNE 25: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed on June 25, 2019 in Paris, France. Bitcoin surpassed the 11,000 dollar mark Monday, Facebook’s arrival on the cryptocurrency market with Libra has boosted global interest around the various currencies in circulation. Bitcoin has

When Richard Detrich and his wife, Nikki Steele, started contemplating where to retire, they went about it methodically. The couple had already agreed to move abroad. Next, they each drew up a list of the 15 most important factors to them and then compared notes. Turned out their lists were pretty similar. The Ventura, California,