Discussion of tax and nonfungible tokens (NFTs) usually focuses on gain income. Analysis of expense deductions, charitable contributions, and worthlessness are less common. As the market for NFTs swells, so will the relevance of those topics. An NFT is a unique data unit stored on a digital ledger that can be sold or traded. Most
Month: October 2021
Nearly 50 million workers switched last year from an office environment to work-from-home (WFH), allowing large parts of the U.S. economy to continue functioning despite social distancing requirements during the pandemic. As other sectors began to recover from the shutdowns last year, however, large numbers of workers remained at home, causing some concerns about possible
A durian’s soft, yellow flesh inside its thorny green husk seen at a shop in Kuala Lumpur, Malaysia. Mohd Rasfan | AFP | Getty Images Some love it, while others loathe it. Durians are banned on all public transportation in Singapore due to their smell — which some have likened to sewage or smelly socks.
In this article SNAP In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. In moving in the opposite
In this article GSBD A trader works on the floor of the New York Stock Exchange (NYSE) in New York, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs just closed its second billion-dollar blank-check deal ever as the Wall Street firm seeks to change the struggling SPAC market by building a
Getty Images The enhanced child tax credit has sent monthly checks to millions of American families since July. Now, it’s one of the programs on the chopping block as Democrats slim down President Joe Biden’s Build Back Better agenda. Lawmakers are proposing to extend the benefit for only one year. Previously, the Biden Administration proposed
What would you do if the federal government gave you a chunk of $12 billion to spend on Medicaid home and community-based care for frail older adults and younger people with disabilities? That is a real question governors have been wrestling for months. And we now are getting a good sense of the answer: Mostly,
As a gay financial planner, I am fortunate to offer financial planning guidance to many LGBT couples. Achieving marriage equality has been great for the LGBT community, in my opinion. From a tax planning standpoint, getting legally married may greatly increase the tax bills for gay and lesbian married couples. The US tax code is
Buying an investment property is a great way to earn extra income and build long-term wealth. However, there are many considerations that go into buying your first investment property, especially in the current real estate market. Because investment properties can be a risky endeavor, it’s important to consider all of your options and educate yourself
Surrounded by local, state and national officials, California Governor Gavin Newsom speaks during a news conference at Bolsa Chica State Beach in Huntington Beach, site of the the recent offshore oil spill, on Tuesday, October 5, 2021. waters. Mark Rightmire | MediaNews Group | Orange County Register via Getty Images California Gov. Gavin Newsom on
In this article CMG A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that crushed Wall Street’s estimates as its menu price increases helped the chain
Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have
Atlanta Federal Reserve President Raphael Bostic said Thursday that he sees an interest rate hike coming later in 2022 as he forecasts a growing economy and lasting inflation pressures. The central bank official told CNBC that he has “penciled in” a rate increase in “late third, maybe early fourth” quarter of 2022. The expectation puts
House Speaker Nancy Pelosi, D-Calif., speaks outside of the U.S. Capitol on Oct. 20, 2021. Mandel Ngan | AFP | Getty Images As Democrats wrestle over their spending package, key lawmakers are still fighting to change the $10,000 cap on the federal deduction for state and local taxes. The measure, known as SALT, is a
Imagine your aging loved one is in the hospital. It’s scary. It’s sad. He’s fading fast and you know it. You ask for information from the doctors involved. You get evasive responses. You are told more testing is needed before anyone will give you an answer. More testing and more testing gives you the same
Since 1998, the IRS has been prohibited from assessing penalties against a taxpayer unless the initial determination that the penalties should be assessed was personally approved, in writing, by the examiner’s immediate supervisor. The rule requiring written supervisory approval, 26 U.S.C. § 6751(b), was largely ignored by the IRS and the tax practitioner community until
Founder and CEO of Rentec Direct, property management software for real estate professionals. No industry has escaped the global pandemic completely unscathed, but the real estate industry has been regularly making headlines for happenings like skyrocketing home prices and extended eviction moratoriums. It seems the entire country is eager to return to normal, but what does
Enes Kanter #11 of the Boston Celtics handles the ball against the Portland Trail Blazers at The Arena at ESPN Wide World Of Sports Complex on August 02, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images Sport | Getty Images GUANGZHOU, China — The National Basketball Association could once again face a
In this article CSX IBM CROX T Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 1.5% in premarket trading, after the company beat estimates by 9 cents with an adjusted quarterly profit of
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