Month: December 2020

getty This is to follow my recent post regarding whether PPP loan expenses should be tax deductible, Attorney Daniel J. Leer represented John Manocchio in the Tax Court and in the Ninth Circuit Court of Appeals case of Manocchio v. Commissioner of Internal Revenue Service, and has given me interesting input with respect to my
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Close-up of Conservation easement with pen getty The Charitable Conservation Easement Program Integrity Actis back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley uses some pretty strong language. The conservation easement program is an important tool for protecting and preserving our environment. But bad-faith scammers have taken advantage of
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Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford General Motors will not require employees to receive Covid-19 vaccinations to return to physical office locations or continue working in manufacturing plants, the
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A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America, and strong demand
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For business owners, the Roth IRA may be a very attractive savings vehicle. getty Roth IRAs and 401(k)s (called DRAC, or Designated Roth Account) are common wealth-accumulation tools. There are multiple ways to utilize a Roth, and they offer significant financial planning opportunities, notably the elimination of Required Minimum Distribution (RMD) friction (‘tax friction’) and
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Getty Images The coronavirus pandemic is slamming the most vulnerable Americans, pushing many into financially precarious situations. The best way to combat the financial fragility that’s brought on by such an event is helping Americans build and maintain an emergency savings fund, according to experts. But most people need the support of the government and
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A healthcare worker at the Portland Veterans Affairs Medical Center receives COVID-19 a vaccination on December 16, 2020 in Portland, Oregon. The first rounds of Pfizer’s vaccine were administered in Oregon on Wednesday. Nathan Howard | Getty Images For nursing homes across the country, the coronavirus pandemic has been especially marked by isolation, illness and
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Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. Shares of the Olive Garden parent rose less than 1% in premarket trading.
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­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta passengers flying to Rome. Unlike
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