Month: August 2020

With an election coming up and a second stimulus package being discussed, assuming that we’ll be … [+] seeing a change in taxes is a pretty safe bet. getty With an election coming up and a second stimulus package being discussed, assuming that we’ll be seeing a change in taxes is a pretty safe bet.
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The IRS announced that you can now amend your tax return by filing Form 1040-X electronically. All commercial tax-filing software accommodates this, the IRS notes.  As IRS e-filing has grown during the past 30 years, the 1040-X, Amended U.S. Individual Income Tax Return, has been one of the last major individual tax forms that needed
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Yoshiyoshi Hirokawa | DigitalVision | Getty Images Retirement savers who took a mandatory distribution from a retirement account this year have a week to put the money back. The CARES Act, the coronavirus relief bill signed into law this spring, allows people with retirement accounts to skip required minimum distributions for 2020. RMDs are the
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WILMINGTON, DELAWARE – AUGUST 20: Democratic presidential nominee Joe Biden delivers his acceptance … [+] speech on the fourth night of the Democratic National Convention from the Chase Center on August 20, 2020 in Wilmington, Delaware. The convention, which was once expected to draw 50,000 people to Milwaukee, Wisconsin, is now taking place virtually due
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Invesco’s Kristina Hooper is worried overzealous investors are getting swept up in market momentum. Whether it’s optimism or pessimism, she warns they’re becoming dangerously overconfident about where the market is heading next. “People have become very set in their opinions. Some believe that there’s no end in sight to the stock market rally,” the firm’s
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getty When the Tax Cuts and Jobs Act doubled standard deductions in 2018, it had the unintended consequence of greatly reducing the amount of people who could benefit from this famous itemized deduction. Despite this, the United States continues to give the most amount of money per person of any other country to charitable causes. The total
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Food delivery on bicycle. Panning technique, blued motion Getty Tax Notes senior reporter Paul Jones talks with Richard C. Auxier, senior policy associate at the Urban-Brookings Tax Policy Center, about tax issues raised by the gig economy and how policymakers are working to address them.  Note: This episode was recorded before a California court decision mandating
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TOPLINE New York Attorney General Letitia James sued the Trump Organization—along with the president’s son, Eric Trump—to force the company to comply as she investigates whether the company’s allegedly inflated its assets to secure loans and other deals, and comes as the Republican National Convention kicks off and President Trump makes his case for reelection
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Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the
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Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – The White House is considering fast-tracking the Covid-19 vaccine candidate being developed by AstraZeneca and Oxford University, according to the Financial Times. The paper said one option being considered is having the Food and Drug Administration give the potential vaccine treatment
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