Month: March 2021

Steven Heap/EyeEm/Getty Images The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the same day that individual federal income tax returns are due, the IRS said Monday. The announcement comes after the agency postponed the filing deadline to May 17 from April 15 following increased calls for more time
0 Comments
When is a tax return not a tax return? What does it mean for a return to be properly filed with the IRS? When is a nonfiler not really a nonfiler? These seem like basic questions that should be easily answered under a modern tax system. In most cases they are — but not universally. Things
0 Comments
Dr. Rochelle Walensky, Director for Centers for Disease Control and Prevention, speaks during a hearing, with the Senate Committee on Health, Education, Labor, and Pensions, on the Covid-19 response, on Capitol Hill on March 18, 2021 in Washington, DC. Anna Moneymaker | Pool | Getty Images The U.S. is facing “impending doom” as daily Covid-19
0 Comments
In this article HAFAX Ronald Terry, 93, visiting his late-wife’s grave. He’s living with his daughter, Ellen Minor, who is his primary caregiver. Photo: Ellen Minor Over the past year, Ellen Minor has been caring for her 93-year-old father in their Covid bubble. It’s been far from easy. “I can’t tell you how close I
0 Comments
When President Biden unveils the next phase of his Build Back Better recovery agenda in Pittsburgh on Wednesday, he’s expected to propose a $3 trillion spending plan broken into two major components. The first consists of investments in “traditional” infrastructure, such as transportation, waterways, broadband, and clean energy. The second component will consist of what
0 Comments
In this article AZN-GB The European Union could open up a “Pandora’s box” if it decides to restrict exports of coronavirus vaccines, a political analyst told CNBC last week. Vaccination drives in the 27-member bloc have been hindered by production issues. Anglo-Swedish firm AstraZeneca earlier this year cut its first-quarter target from 90 million doses
0 Comments
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies during a Senate Health, Education, Labor and Pensions Committee hearing on the federal coronavirus response on Capitol Hill on March 18, 2021 in Washington, DC. Susan Walsh | Pool | Getty Images The latest rise in new Covid-19 infections can’t be
0 Comments
Forbes Global Properties is the preeminent consumer marketplace for luxury real estate, featuring the world’s finest homes for sale and the agents representing them. Established in 2020 by real estate luminaries Jeff Hyland and Bonnie Stone Sellers, the company is owned and operated by brokerages and features offices in more than 75 locations worldwide. The
0 Comments
Many retirees and people who took Covid-related retirement plan distributions might need some extra time to work through their 2020 tax returns. Those who took distributions from traditional IRAs at any point during 2020 will receive a Form 1099-R reporting the distributions to them and the IRS. Putting these on your tax return to minimize
0 Comments