Month: April 2021

New York Attorney General Letitia James has weighed in on the low-income housing tax credit Year 15 struggle. In cooperation with James E. Johnson New York City’s Corporation Counsel, she has filed an amicus brief supporting RiseBoro Community Partnership (RiseBoro) in its litigation with AIG affiliate, Sun America Housing Fund 682, over ownership and control of 35
0 Comments
The federal minimum wage increase didn’t survive the “Byrd bath” process in the Senate in the first budget bill this year because it wasn’t sufficiently related to the budget, but what if it was repackaged as a tax instead? That’s the question that economists Emmanuel Saez and Gabriel Zucman of the University of California, Berkeley,
0 Comments
Zoom, Microsoft Teams, Google Meet, and many other similar services have rapidly become staples of the real estate and larger business worlds. We have all learned to videoconference. But videoconferencing may produce some awkward surprises if we aren’t careful. Videoconferencing software often allows the conference to be recorded. Once recorded, the resulting data files can
0 Comments
In this article PG .CRBQX Containers of Tide detergent on grocery store shelves in New York. Richard B. Levine | Corbis | Getty Images Procter & Gamble on Tuesday topped analysts’ estimates for quarterly earnings and revenue as consumers maintained pandemic buying trends like purchasing more cleaning supplies and started buying beauty products again. The
0 Comments
In this article C Citigroup CEO Jane Fraser said she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns. One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan
0 Comments
Outdoor dining tents under constructions in Arlington, Virginia, on Feb. 5, 2021. Liu Jie/Xinhua via Getty More than 300,000 Americans lost unemployment benefits prematurely during the Covid pandemic, according to a study published Tuesday by the California Policy Lab. That’s due to a way many states account for unemployed workers, which has understated the severity
0 Comments
Does a recent survey conducted by MassMutual raises genuine concerns about Americans’ understanding of Social Security, and suggest a need for concerted efforts for more education? Maybe. The survey polled 1,500 Americans nearing retirement, that is, between the ages of 55 – 65, who haven’t yet retired, by asking them 12 true-false questions. They assign
0 Comments
An IRS Memorandum released on April 9, 2021 (Number: 202114020) further clarifies when cryptocurrency hard forks should be taxed. The memorandum specifically talks about bitcoin (BTC) & bitcoin cash (BCH) hard fork occurred on August 1, 2017 at 9:16 AM EDT. Pursuant to the hard fork, people who held BTC received an equivalent amount of
0 Comments