Share to facebook Share to twitter Share to linkedin Trading fractions of stocks is becoming more mainstream. Rafael Henrique/SOPA Images/LightRocket via Getty Images Topline: Robinhood is the latest company to offer clients the ability to trade fractions of stocks as it joins a growing number of firms looking to attract the next generation of investors.
Taxes
Share to facebook Share to twitter Share to linkedin The stock market surged to record highs on the news. Richard Drew/ASSOCIATED PRESS Topline: The stock market rallied to new all-time highs on Thursday after numerous reports, and a tweet from President Donald Trump, pointed to a possible phase one trade deal with China—even as the
Share to facebook Share to twitter Share to linkedin The long-awaited trade deal could finally be happening. Nicholas Kamm/AFP via Getty Images Topline: U.S. and Chinese negotiators have agreed upon the terms of a phase one trade deal that now only awaits President Donald Trump’s approval, with an official confirmation possible as early as this
An electric car charges in front of a house. Getty The recently proposed Growing Renewable Energy and Efficiency Now (GREEN) Act was released as a discussion draft, which means that it’s unlikely to become law in this precise form anytime soon. But it’s novel for a discussion draft proposal in that it’s essentially a menu
Jeremy Corbyn, leader of the U.K. opposition Labour Party, left, and John McDonnell, U.K. Shadow … [+] Chancellor are a radical economic risk. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Jeremy Corbyn; John McDonnell © 2015 Bloomberg Finance LP. Thursday, December 12 2019 will be an election day in the U.K. that has echoes of
Getty The Forbes 100 Top Charities for 2019 collectively received more than $51.5 billion in private donations in their most recent fiscal years. That’s up an impressive 4.9% from the year earlier and accounts for 12% of the estimated $427.7 billion received in contributions by all of the country’s one million-plus charities according to Giving
Economic Security Planning, Inc. Today’s column addresses switching from retirement to spousal benefit, from spousal to retirement benefits, the availability of lump sum payments after filing and suspending, qualifying for spousal benefits and whether Social Security benefits can be garnished for back taxes. Larry Kotlikoff is a Professor of Economics at Boston University and the
The news that PG&E agreed to a $13.5 billion fire settlement with lawyers for victims means that plaintiffs are a step closer to getting compensated. But there are conditions, including approval from the Bankruptcy Court. Even assuming that court approval comes, there are big mechanics to work out too. Most big settlements of this nature
Year-End Tax Planning is a must for Gay Couples with big incomes. Getty While year-end tax planning can be valuable for everyone, the tax savings can be even larger for gay married couples. According to the US Treasury Department gay married men make more, on average, than our straight married counterparts. Don’t despair ladies. Lesbian married
WATERLOO, IOWA, DECEMBER 5, 2019: Presidential candidate Joe Biden addresses supporters.-(Photo … [+] credit should read Preston Ehrler / Echoes Wire / Barcroft Media via Getty Images) Barcroft Media via Getty Images When I heard that Democratic presidential hopeful Joe Biden was proposing to raise taxes by $3.2 trillion over 10 years, I flashed back
Joe Myszka, a partner at DLA Piper, discussed the proposed rules on cloud computing transactions with Tax Notes legal reporter Kristen Parillo. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: Regulating the Cloud. Earlier this year, Treasury and the IRS issued
Your 30s are often considered your prime earning years. At this age, you’re in a great position to start capitalizing on life experiences and building your nest egg. Starting to save earlier in life gives you more options later on and puts you in a great position when it’s time to retire. We asked a
President Donald Trump and French President Emmanuel Macron talk during the NATO meeting in London … [+] on December 3, 2019. (Photo by LUDOVIC MARIN/POOL/AFP via Getty Images) POOL/AFP via Getty Images Not for the first time, President Trump has me confused about his tax policy. The signature legislation of his presidency was the 2017
Getty In 2015 and again in 2018, I wrote about the Social Security Administration (SSA) defrauding, whether intentionally or not, large numbers of widows and widowers (henceforth widows) out of tens to hundreds of thousands of dollars. The fraud was brought to my attention by a Social Security whistle blower — John McAdams. John works
“Pay me next year” requests are common with employers, suppliers, vendors, customers, and more. This time of year, many people ask for payment in January. You probably assume you can’t be taxed until you receive money. Actually, though, if you have a legal right to payment but decide not to receive it, the IRS can still tax you now, even
Leaning foreclosure sign in front of a modern single family home on a cloudy cold day Getty $8.41. That was how much 83-year-old Uri Rafaeli, a retired engineer, in Michigan underpaid his property taxes by in 2014. That was all it took for him to lose his house. Rafaeli bought a 1,500-square-foot Southfield home in
Share to facebook Share to twitter Share to linkedin Trade news will make or break the market’s December rally. Scott Heins/Getty Images Topline: Wall Street is rallying on the back of solid economic data, with Friday’s blockbuster jobs report showing that the labor market is still a bright spot for the U.S. economy, which could
Share to facebook Share to twitter Share to linkedin With the market near records, many stocks have surged as well. Getty Topline: Wall Street cheered the release of November’s blockbuster jobs report on Friday, helping the market recover its trade-war-related losses from earlier in the week and putting a number of major stocks at new
Getty Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision. Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The local currency has declined
Share to facebook Share to twitter Share to linkedin Friday’s jobs report will deliver key insights into the U.S. economy. Lynne Sladky/ASSOCIATED PRESS Topline: With the U.S. Labor Department set to release its monthly jobs report on Friday, Wall Street will be watching the numbers closely to get a gauge of the economy’s momentum and