Month: March 2020

Getty Planning for, and financing, the retirement years isn’t easy — even before the economic and market turmoil from the spread of the coronavirus. But financing a secure retirement is even harder in large parts of rural America. Rural families, on average, earn 25% less than their urban peers. They’re also less likely to be
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Getty The reaction you get when you tell someone that you are going to retire is generally one of enthusiastic congratulations. They will tell you how much you are going to love it, how lucky you are, that you deserve it, and on and on. But how does it make you really feel? For many people, it frequently
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The stock market is having its worst week since the 2008 financial crisis. Andrew Harnik/ASSOCIATED PRESS Topline: As stocks continue to plunge and investors anxiously await financial stimulus measures to mitigate the economic fallout from the coronavirus pandemic, President Trump insisted that markets will be “just fine,” despite Thursday’s massive sell-off. The stock market’s huge
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Getty (Note: Updated March 13, 2020) Will tax season close on time? Increasingly, taxpayers and tax professionals believe that there may be an extension of the tax filing season due to concerns about COVID-19.  COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization,
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Stock market down on coronavirus fears. Getty Worldwide, more than 4,000 deaths. More than 120,000 infected. Cratering stock prices. Plunging interest rates. Plummeting oil prices. Supply chains, stressed by tariffs, now broken. Necessities stripped from store shelves. Quarantines. Social distancing. Mall traffic tumbling. Restaurants struggling. Flights canceled. Conferences canceled. March Madness now sadness. Business and
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Shutterstock Shutterstock Updates: March 13 at 3 pm ET: Per Tax Talks, “President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the coronavirus. This declaration allows the Treasury Department and the IRS to extend the deadline for certain taxpayers and small businesses to pay taxes until
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I will pay my taxes sentence written repeatedly on blackboard as a punishment. Getty Routine activity theory explains tax evasion by looking at it as the convergence of motivated taxpayers, attractive tax savings, and guardians that are incapable of stopping or deterring evasion. Greater tax burdens and heavy reliance on self-assessment facilitate an environment conducive
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Getty The Internal Revenue Service (IRS) has announced the indictment of Michael Rahim Mohammad, a Dutch national. Mohammad, sometimes called “Mr. Dark,” has been accused of operating Dark Scandals, websites that featured violent rape videos and depictions of child pornography.  According to court pleadings, Mohammad was the administrator of the DarkScandals Sites, which he began operating in
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Employee standing and packing the box with his belongings while leaving the company and expressing … [+] sadness Getty President Trump and some Members of Congress are promoting a payroll tax cut to respond to the growing coronavirus outbreak. But if they are looking to stimulate or steady the overall U.S. economy, they might explore
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Photo: Getty There are two types of investors when it comes to commercial real estate investing: speculators and smart investors. The former take bets on the asset’s appreciation over time based on the market, aka organic appreciation, and rely purely on an increase in value over time based on the market conditions. Smart investors, however,
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Hardship forbearance is an option for those who are unable to make monthly mortgage payments. Getty Homeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, according to the Federal Housing Finance Agency.  The reach of the pandemic across
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Architect Ileana Schinder outside the accessory dwelling unit (ADU) she designed in the 16th Street … [+] Heights neighborhood in Northwest Washington, D.C. in January, 2020. (Photo by Amanda Andrade-Rhoades for The Washington Post via Getty Images) The Washington Post via Getty Images Accessory Dwelling Units, or ADUs, are secondary houses or apartments that share
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