Getty There’s no shutdown in the cards: Washington has finally passed a spending bill. The Consolidated Appropriations Act, 2020, includes a wide range of provisions from healthcare tax repeal to extenders. As expected, the Act included the repeal of three Affordable Care Act-related taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax
Taxes
The whistleblower allegation that Ensign Peak Advisors, has in its over 20 years of existence accumulated over $100 billion dollars in excess tithes and the investment returns thereon is generating some excitement. EPA is characterized as an integrated auxiliary of The Church of Jesus Christ of Latter-day Saints. I’ve decided to call the matter Ensigngate.
Getty North Carolina leads Forbes’ Best States for Business list for the third year running, but Texas is giving the Tar Heels some competition. Our 14th annual ranking is based on measures of six categories relevant to businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. We factor in 40
Share to facebook Share to twitter Share to linkedin Stocks rose Thursday morning after Donald Trump became the third U.S. President to be impeached. Spencer PLatt/Getty Images Topline: Though the House of Representatives voted to impeach President Donald Trump on Wednesday night, the stock market rose to new record highs in their first session after
Getty Lying about your income is Tax Fraud 101. You’d expect taxpayers to understate their income to avoid paying tax, but a surprising number of taxpayers inflate their income to obtain fraudulent refunds. Typically, those schemes focus on refundable tax credits, which can garner tens of thousands of dollars in refunds. But what happens when
plant seeding growing step. concept agriculture Getty I’ve heard a handful of conversations about how cryptocurrency returns are going to be used to fund early retirements, however, one thing I don’t think many investors realize is that there is a specific IRA – or individual retirement account – that allows Americans to save for retirement
Share to facebook Share to twitter Share to linkedin Some provisions of the deal are underwhelming, according to experts. Scott Olsoon/Getty Images Topline: Although Wall Street cheered the signing of a new North American trade deal announced by the Trump administration and congressional Democrats last week, in their relief many investors overlooked specific provisions of
Share to facebook Share to twitter Share to linkedin As it stands, it’s a complete “nonevent” for the market. Spencer Platt/Getty Images Topline: With the House of Representatives expected to vote in favor of impeaching President Donald Trump on Wednesday evening, the stock market has largely trended flat, with little movement to either the upside
Well, it’s interesting to see Mormons back in the tax news. The Washington Post has a story about a whistleblower’s disclosures to the IRS that Ensign Peak Advisors, Inc, founded in 1997, has accumulated over $100 billion in assets without ever making any charitable distributions. The only two outflows appear to have been to bail
The stars og Grace and Frankie are likely getting hit with the Medicare Surcharges. LOS ANGELES, … [+] CALIFORNIA – MAY 18: Jane Fonda and Lily Tomlin at FYC Event For Netflix’s “Grace And Frankie” at Raleigh Studios on May 18, 2019 in Los Angeles, California. (Photo by Araya Diaz/Getty Images) Getty Images December is
Paying taxes as sustainability strategy Getty Sustainability gets higher on the policy agenda of many corporations. Not only in the light of climate change but also in terms of fair working conditions, health, gender equality and other Sustainable Development Goals. Some corporations take sustainability as seriously as they can throughout their organization and value chain.
Getty Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and the Health Insurance Tax. The three taxes were part of the Patient Protection and Affordable Care
Woman power and leadership in today’s human resources Getty Tax Notes chief correspondent Amanda Athanasiou discusses with Eversheds Sutherland partner Kriss Rizzolo the dearth of women in senior roles in tax law. Rizzolo describes her own experience climbing the ladder and how to support other women who are doing the same. Read the podcast transcript below.
When it comes to Section 183 (Activities Not Engaged In For Profit), commonly referred to as the hobby loss rule, my goal is to be your go-to-guy. In the last year (12/13/2018-12/12/2019), I have noted fifteen hobby loss decisions . One of the decisions concerned evidence and was not a final ruling. Taxpayers Behind And
Getty Have you ever heard the phrase “sometimes the cure is worse than the disease”? This may be one of those cures. Even the most casual observer will no doubt have noticed the attention paid to the rising student debt. This has inevitably led to creative ideas aimed at eradicating that liability. “There is a
WASHINGTON, USA – DECEMBER 21 : A Christmas tree stands in front of the U.S. Capitol building in … [+] Washington, DC, United States on December 21, 2018. (Photo by Yasin Ozturk/Anadolu Agency/Getty Images) Getty Images Congress must pass a comprehensive funding bill by the end of next week to avoid a repeat of last
Share to facebook Share to twitter Share to linkedin After months of negotiations, both sides agreed on terms. Evan Vucci/ASSOCIATED PRESS Topline: The U.S. and China have finally agreed upon an initial trade deal in the 19-month-long trade war, resulting in a rollback of both existing and scheduled tariffs, officials from both sides said on
Getty It’s the second 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 MEANS (Matching Excess and Need for Stability) Database. MEANS tackles hunger in a novel way. Too often, grocery stores and restaurants
Getty As December 31 creeps closer, some employees are wondering what Santa will leave in their payroll stockings. Visions of huge bonuses – like the $10 million in bonuses to be paid to the 198 employees of Baltimore-based St. John Properties – may be dancing in their heads. But statistically, most bonuses and gifts are
Share to facebook Share to twitter Share to linkedin The stock market’s reaction was tepid, to say the least. Mark Wilson/Getty Images Topline: Although the U.S. and China have finally agreed on an initial deal that’s expected to defuse the 19-month-long trade war and result in a rollback of both existing and scheduled tariffs, the