getty A woman who faked her resume for years in exchange for high-paying executive gigs is finally going to prison. That was the word out of the Department of Justice in a case that has all of the makings of a daytime television plot. Sonja Emery was known at various times as Sonja Lee Robinson,
Taxes
What you need to know about beneficiary IRAs in 2020 getty The Secure Act has brought with it some new rules for those lucky enough to receive an inheritance in the form of a beneficiary IRA. These rules will change how long you have to move money out of your beneficiary IRA, which could dramatically
Pennsylvania State Capitol Building getty In the administration of state government, there are times when the separate executive and legislative branches become entwined. This is often the case with tax measures. A state’s executive might outline a legislative platform during a public address or draft legislation for the legislature to consider. The executive’s role in
Getty Images Calling scientists idiots, mocking masks, holding rallies with no social distancing, organizing a super spreader event at the White House, discouraging testing, making states compete for vital medical supplies, failing to organize a federal contract-tracing system — these purposeful actions and inactions are why we are seeing articles counting Trump Deaths from Trump
President Donald Trump and Democratic Presidential candidate Joe Biden during the final presidential … [+] debate in Nashville, Tennessee, on October 22, 2020. (Photos by Brendan Smialowski and JIM WATSON / AFP) (Photo by BRENDAN SMIALOWSKI,JIM WATSON/AFP via Getty Images) AFP via Getty Images At first glance, the tax agendas of presidential candidates Donald Trump
In this installment of In the Pages, Robert Goulder, contributing editor for Tax Notes International, Martin Sullivan, chief economist and contributing editor for Tax Notes Federal, and Joseph Thorndike, director of the Tax History Project and contributing editor for Tax Notes Federal, delve into the details of the presidential candidates’ tax proposals. In their discussion, they address the connection
WEST HOLLYWOOD, CALIFORNIA – OCTOBER 22: People watch a broadcast of the final debate between … [+] President Donald Trump and Democratic presidential nominee Joe Biden. (Photo by Mario Tama/Getty Images) Getty Images Much ink is being spilled about what a Democrat or a Republican presidential result could mean for the stock market. This is
Capitol Hill COVID-19 blood testing, abstract virus testing during pandemic concept, State Building … [+] Washington DC, USA, 3d illustration getty The Trump and Biden campaigns agree on at least one thing: Tax credits for families with children are political winners. Joe Biden’s campaign lists as one of its tax priorities expanding the child tax credit as proposed by
getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look at some of the most common: Failure-To-File Penalty It’s important to file even if you can’t afford to pay because the IRS imposes a failure-to-file penalty if you don’t
US tax form 1065 with a silver pen getty The IRS put something exciting on Page 30 of the draft 2020 Instructions for Form 1065. I am going to try to explain why this is important to anybody other than the few thousand people who take this stuff seriously. In 2017 there were 3.9 million
How much money should go to the tax collector when you die? getty The Internal Revenue Service announced today the official estate and gift tax limits for 2021: The estate and gift tax exemption is $11.7 million per individual, up from $11.58 million in 2020. That means an individual could leave $11.7 million to heirs
getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2021 beginning January 1, 2021. They are not the numbers and tables that you’ll use to prepare your 202o tax returns in 2021 (you’ll find
The news that Goldman Sachs is paying nearly $3 billion in the 1MDB mess was accompanied by news that the firm will claw back millions from top executives. The massive almost $3 billion settlement with U.S. authorities is over Goldman’s role in the 1MDB debacle, where a $6.5 billion Malaysian investment fund was looted. Most people
Victims of California wildfires that began Sept. 4 have until Jan. 15, 2021, to file various individual and business tax returns and make tax payments, the IRS announced. The IRS has offered this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently this includes Fresno, Los
BRAZIL – 2020/10/09: In this photo illustration the Internal Revenue Service (IRS) logo seen … [+] displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images On Oct 23, 2020, the IRS released instructions to the draft 2020 Form 1040 which contains the infamous virtual currency question
WILKES-BARRE, PENNSYLVANIA, UNITED STATES – 2020/10/22: A view of an official Mail-in ballot for the … [+] 2020 general election. Mail-in Ballots have gone out and they are being returned. (Photo by Aimee Dilger/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Election 2020 is less than two weeks away and between expanded mail-in
President Trump has paid more in taxes through his secret Chinese bank account to China than he has … [+] paid Uncle Sam in federal income taxes. Getty Images The explosive revelations that self-proclaimed billionaire Donald Trump paid just $750 in federal income taxes – a tiny fraction of what he paid the Chinese government
Economic Security Planning, Inc. Today’s column addresses questions about whether someone can switch to spousal benefits after already receiving a retirement benefit reduced for filing early, a public pension’s effect on potential spousal benefits and whether early survivor benefits will reflect the deceased spouse’s delayed retirement credits (DRCs). Larry Kotlikoff is a Professor of Economics
Close-up of Conservation easement with pen getty The Senate Finance Committee’s investigation of conservation easement syndications is a bright spot of bipartisanship on a bleak landscape of divisiveness. I say this even though I was a little disappointed in the proposed Charitable Conservation Easement Program Integrity Act of 2020 that came out shortly after the
getty There was an article that circulated recently suggesting that bankruptcies didn’t peak as expected. If the folks who are reaching out to me are any indication, just give it time. With unemployment numbers still high and many areas still under shutdown orders due to the pandemic, it’s clear that the economy is not back