Taxes

Starting in 2020, beneficiaries who inherit a retirement account from a parent or relative can no … [+] longer take distributions over their lifetime. Instead, they will be required to deplete the account in 10 years. Getty The Secure Act, which was signed into law in December 2019, brings about several major changes to the

Share to facebook Share to twitter Share to linkedin Financial consulting concept. Compass needle pointing the word gains over black background with blur … [+] effect Getty In this post, we will take a deep dive into what’s covered under the “sell” category of the crypto question on Schedule 1 and outline taxable and non-taxable transactions. Note that

Getty It’s the tenth day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is The Sunday Love Project. The Mission of The Sunday Love Project is to share food amongst the homeless, while simultaneously building

Hand putting money coin in piggy bank with percentage sign symbol Getty The end of December is a great time to look into tax saving strategies that will save thousands of dollars when you file for 2019 taxes next year. This post will explain 4 simple tax saving strategies that any crypto holder can execute

Getty It’s the ninth day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is 13thirty. 13thirty Cancer Connect, Inc. was established in 2001 following the death of Melissa Sengbusch who was 19 years old when

Are you better off than you were three years ago? Tax cut calculator Forbes Taxpayers will be pondering the tax cut in April, and again in November. I decided to do a little experimenting with the tax code, using a spreadsheet that I invite you to download. The 2017 tax cut that its main promoter

Ah…opportunity zones. Not since my private message pursuit of Kristen Bell have I invested so much time and effort into something only to receive nothing in return. To be honest, the whole opportunity zone thing has been a bit of a phenomenon. Once an overlooked eight pages of sloppily-written text buried deep within the Tax

A glass globe sits on a calculator. Getty In this episode of Tax Notes Talk, Tax Notes reporters Stephanie Johnston and Ryan Finley provide an update on the OECD’s work to find a multilateral solution on the taxation of the digital economy. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome

Happy surprised old senior lady looking through her eyeglasses isolated on white background. Getty What if I told you there was a corner of the market where every single fund has turned a profit? And these amazing investments paid out a huge income stream that was entirely tax-free? The kicker: many of these funds—including one

What could be nicer for Christmas than a 5 for 1 charitable deduction? Maybe 6 for 1? At any rate that is the sort of present that the promoters of syndicated conservation easements have offered during the holiday season, which is also tax shelter season. MANHATTAN, NY – NOVEMBER 28: Balloon handlers fight the strong

Staff Photo by Gordon Chibroski, Wed, Jun 19, 2002: A comfortable chaise lounge provides a resting … [+] place to read in the Four Seasons Garden on the estate of Christopher and Victoria Vasillopulos in York Harbor. It is part of the Garden Conservancy’s Open Days Program. (Photo by Gordon Chibroski/Portland Press Herald via Getty

Getty Nobody likes to pay taxes. But prosecutors allege that Thomas and Michelle Selgas disliked paying taxes so much that they hid money from the government and conspired with their lawyer to evade taxes. In 2003, Thomas Selgas co-founded a company called MyMail. A couple of years later, MyMail settled several patent litigation lawsuits, resulting

Share to facebook Share to twitter Share to linkedin Harkness Tower stands on the Yale University campus in New Haven, Connecticut, U.S., on Friday, June … [+] 12, 2015. Yale University is an educational institute that offers undergraduate degree programs in art, law, engineering, medicine, and nursing as well as graduate level programs. Photographer: Craig

Christmas stockings in the Cracker Barrel Restaurant. (Photo by: Jeffrey Greenberg/Universal Images … [+] Group via Getty Images) Universal Images Group via Getty Images It is that time again.  TaxVox somehow has whittled down its list of the year’s bad tax ideas to 10 (plus one more serious item).   10. The government shutdown. The

Economic Security Planning, Inc. Today’s column addresses questions about potential effects of stopping work years before filing for Social Security, suspending benefits, language to use when filing a restricted application, retroactive benefits and retirement benefits before survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic

Getty It’s the seventh day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is National Coalition Against Domestic Violence (NCADV). Every year, ten million people are physically abused by an intimate partner: that works out

Getty It’s the sixth day of my 12 Days of Charitable Giving for 2019. Readers have suggested deserving charities over the past few weeks, and I’ll be posting the results here. Today’s charity is Literacy For Incarcerated Teens. Literacy for Incarcerated Teens, Inc. (LIT) works to end illiteracy among New York’s incarcerated young people by

Just in time for the holidays, the Setting Every Community Up for Retirement (SECURE) Act was signed into law on Friday, December 20, 2019. The Act, which was the most significant piece of retirement legislation introduced in over a decade, includes provisions to help individuals save more for retirement and achieve financial security. The SECURE

Getty Investors have a tax conundrum as we approach the end of 2019. Major U.S. stock indexes are hitting record highs. Bonds had a strong run in 2019. Gold has been a strong performer as well. The result is many investors have substantial gains on paper. Investors are wondering if they should sell investments with

Getty Godot has finally arrived. With the flash of President Trump’s pen, the fabled bipartisan SECURE Act has become law. What took it so long to earn that presidential signature is a tale best left to the political pages. What you should be more concerned with is how the SECURE Act now changes your personal