FatCamera | E+ | Getty Images If you asked the IRS for six more months to work on your 2018 tax return, you’re about to run out of time. This spring, about 15 million taxpayers asked the IRS for an extension on their 2018 tax return. While those filers had to pay their projected taxes
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Since passage of the Tax Cuts and Jobs Act, taxpayers and preparers have been adjusting strategy to optimize the significant changes of 2018. With one TCJA filing season down, I’ve taken stock of some of the not-so-common tax situations encountered and the strategies developed to work around them this year. While not all-encompassing, this list
The vast apartment at 18 Grosvenor Square is where Howard Hughes and Hadley Page negotiated for hours a sale of his aviation company in 1959. Wetherell A four-bedroom flat once owned by British aviation tycoon Sir Frederick Handley Page has just hit the market with a £18.7 million ($23.6 million) price tag. The recently refurbished
David Solomon, chief executive officer of Goldman Sachs Group Tiffany Hagler-Geard | Bloomberg | Getty Images Goldman Sachs may suffer hits to third quarter results as stakes in once-hot unicorns slammed into the reality of public markets. The bank’s holdings in WeWork, the co-working company whose valuation plunged after its IPO plans collapsed last month,
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers has summoned local union leaders to Detroit on Thursday for an update on its negotiations with General Motors. The union has traditionally done this when a
Fertnig | E+ | Getty Images When Aaron Shapiro dug through the workplace benefits his mother was entitled to as a 30-year employee at United Healthcare, he noticed a big missed opportunity. The health insurer’s employee stock purchase plan gave her the ability to buy shares at a 15% discount with a feature called a
Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor
No one wants to become a financial burden on their families as they age. In fact, every one of my clients who’ve made the decision to purchase long term care insurance cited this concern as a driving factor in their choice. They felt that with the purchase of a LTC policy, they’d ensure that their
Senator Chuck Grassley in his own letter is cautioning the IRS about Senator Ron Wyden’s letter urging the IRS to investigate the NRA. Wyden refers to a report by the Senate Finance Committee Minority Staff – The NRA And Russia – How A Tax-exempt Organization Became a Foreign Asset. Mariia Butina, leader of a pro-gun
Pilgrim Estate Pittsburg, Texas Concierge Auctions For an estate as big as Cluckingham Palace, this may surprise you: Clayton Pilgrim says his favorite room in his grandparents’ home is actually not the home theater. Or the indoor swimming pool that was modeled after the pool and spa at the Greenbrier. “My grandfather’s office is my
A presentation and Q&A with legendary investor and founder of the Vanguard Group, John C. Bogle. In this presentation, John discusses with empirical findings why Index funds are superior to other investments, including Hedge funds and Mutual funds. John also talks about ETF’s and whether Vanguard can get too big. ???? Books by John Bogle
John Hope Bryant, an advocate of economic empowerment through Operation Hope, wants Democratic presidential candidates Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., to know that he would not have been successful without capitalism. “I think Bernie and Elizabeth mean well,” Bryant said on CNBC on Monday, regarding their criticism of how capitalism has led to
Timothy A. Clary | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Bank earnings on deck We’ll get quarterly earnings from the four largest U.S. banks with Goldman Sachs, J.P. Morgan Chase, Citigroup and Wells Fargo all reporting before the bell on Tuesday. Wall Street
Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019. Mark Ralston | AFP | Getty Images The Boeing 737 Max won’t return to service at Southwest Airlines until February at the earliest, the union that represents the
Terry Vine | DigitalVision | Getty Images No one likes to think about needing long-term care. Yet the reality is that many people will at some point in their life. About 60% of those turning 65 can expect to use some form of long-term care in their lives, according to the U.S. Health and Human
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
By Edd and Cynthia Staton, Next Avenue Contributors Getty If you’ve been contemplating the idea of retiring abroad, you may have done a little research. Maybe you’ve even jumped on the internet to look for the country that’s best for you. Big mistake. You probably know the old saying: “If you don’t know where you’re
Getty The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020. An ITIN is assigned to a taxpayer who is not eligible to obtain a
It’s a hard no on soft flooring. Photo by Binyamin Mellish from Pexels Whether you’re buying a new home or renovating your current one, if resale value is a concern, there’s absolutely one design mistake that turns off a large segment of potential buyers—wall-to-wall carpeting, especially throughout a home. According to Allison Chiaramonte, who is a
A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Facebook’s plan to introduce a cryptocurrency will face a key test Monday as the consortium of companies overseeing it gathers in Geneva. The now 22-member Libra Association is meeting in the Swiss city