Month: June 2021

Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 6% in
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Taxpayers filing late international information returns continue to encounter difficulties with the IRS’s recent practice of apparently disregarding reasonable cause statements initially and automatically assessing penalties. In particular, late filers of Form 3520, “Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts,” have found it challenging to persuade the IRS to even look
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Most small businesses start out as a one-man or one-woman show. The founding entrepreneur usually fills most, if not all, of the essential roles. While this is an exciting time for any entrepreneur, it’s not sustainable. Many business owners experience burnout as their companies grow, because they simply cannot do it all (no matter how
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Coronavirus safety posters are displayed in the window of the Sondheim Theatre on June 14, 2021 in London, England. Prime Minister Boris Johnson has confirmed a four-week delay to the final easing of coronavirus restrictions following concern over the virus’s Delta variant and rising infection rates. Rob Pinney | Getty Images The highly contagious delta
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The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Many in Congress want to fix the country’s crumbling roads, bridges and other infrastructure projects. Lawmakers still haven’t agreed on how to pay for it. President Joe Biden has
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Most income is ordinary, including pay for services, interest, business profits, dividends, money for winning the lottery, and most other payments. But for generations, there’s been a big tax break for long-term capital gains, those held over a year. Assuming you get past one year, if you sell your house, car, crypto stockpile, Amazon AMZN
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An extraordinary court case from Oklahoma shows the importance of having a will that is in writing and clearly written, preferably by an experienced estate planning professional. A man passed away, survived by his two adult children and a grandson. He left a one-sentence handwritten will (known as a holographic will) that left everything he
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Clark Twiddy is the President of Twiddy & Company, a hospitality and asset management firm along North Carolina’s Outer Banks. As the housing market continues to be a topic of conversation even during happily-returned backyard gatherings, questions around both the potential for a bubble and, perhaps more importantly, impacts of the bubble correction remain almost as
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