Month: April 2021

When President Joe Biden signed the $1.9 trillion-dollar American Rescue Plan last month, he launched a new and improved Child Tax Credit. The Child Tax Credit has been around since the Clinton Administration, yet this new version may have a positive effect on Americans who have been trying to find financial stability through the Covid-19 pandemic.
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There’s thinking outside the box, and then there’s building outside the box. A one-of-a-kind ski-in/ski-out home built from salvaged shipping containers has hit the market in the Tahoe-Truckee area for $3.295 million. Set among tall pines in the Mountainside at Northstar community, the steel-clad mountain retreat, with its corrugated metal frame, was built for its current
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I recently wrote about how the IRS taxes legal malpractice settlements. I said a legal malpractice settlement should be tax free for an underlying physical injury case, where damages would have been tax free in the underlying physical injury case. Shortly thereafter, the Tax Court decided Blum v. Comm’r, T.C. Memo. 2021-18. Its harsh taxable
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If you’re a real estate owner or investor, you may have noticed a significant increase in insurance costs compared to previous years. In fact, renewal increases have jumped 20% year-over-year, according to Q3 2020 data from Marsh’s Global Insurance Market Index, a measure of global commercial insurance premium pricing. “This increased expense can affect a
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“Even when we’re 6’5″ and visibly intoxicated [and] asleep in our car, they’ll make sure we can call our friends to get us home safely.” That was Alexis Ohanian’s response on Tuesday to a Twitter user’s call for transparency after Daunte Wright was fatally shot by a police officer while fleeing a traffic stop in
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Today’s column addresses questions about how taking Social Security retirement benefits at 62 might affect spousal and survivor’s benefits, what spousal benefits can be available after a divorce and withdrawing Social Security disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
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In the latest episode of Tax Notes Talk, Abdul Muheet Chowdhary of South Centre, an intergovernmental organization of developing countries, talks about how the U.N. Committee on Experts on International Cooperation in Tax Matters could be more transparent and effective for developing countries.  The post has been edited for length and clarity. Nana Ama Sarfo: Abdul,
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