Taxes

The New York City Housing Authority’s John Haynes Holmes Towers are shown, Thursday, April 4, 2019, … [+] in New York. (AP Photo/Mark Lennihan) ASSOCIATED PRESS Rule 97 of the Ferengi Rules of Acquisition – Enough is never enough – seems to be theme of the Year 15 struggle between aggregators and the not-for-profit(NFPs) sponsors

A model house model is placed on wood word TAX . as background property real estate concept with … [+] copy space for your text or design. getty Although few in the United States are unfamiliar with the term “commuter,” it is less likely so with “road warrior,” a term applied to business owners and

A now hiring sign is displayed at a CD One Price Cleaners in Schaumburg, Ill. Applications from … [+] laid-off workers rose 13,000 from the previous week, which was revised sharply higher, the Labor Department said Thursday, Feb. 18. (AP Photo/Nam Y. Huh, File) ASSOCIATED PRESS More Republican-led states are still dealing with big revenue

Before you start your federal tax return, know the changes in key IRS forms that affect you getty Tax Season 2021 has begun. When you dig into your tax return for reporting 2020 income, you’ll notice that Form 1040 has changed yet again. In 2018, the IRS condensed Form 1040 significantly, completely revamping the prior

A piece of playground equipment stands in a park play in the Setagaya district of Tokyo, Japan, on … [+] Sunday, June 26, 2016. Packed trains, overcrowded schools and the country’s longest waiting lists for preschool care are the norm in Setagaya, the most populous of Tokyo’s 23 wards, as the Japanese continue their drift

Alarm clock and colour papers on the white background. Tax Time. getty Phyllis Jo Kubey, a solo practitioner based in New York City, and Ryan L. Losi, executive vice president at PIASCIK, discuss the 2021 tax season and the unique challenges posed by the COVID-19 pandemic.  Read the podcast episode’s transcript below. The post has been

BROCKTON, MA – MARCH 19: Parents combining work and child care at home due to the pandemic. (Photo … [+] by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Employment and real estate markets remain agitated by the Covid-19 pandemic, with some predictions of a major shift to working from

WASHINGTON, DC – FEBRUARY 10: U.S. President Joe Biden speaks as he makes a statement at the South … [+] Court Auditorium at Eisenhower Executive Building February 10, 2021 in Washington, DC. President Biden made a statement on the coup in Burma. (Photo by Alex Wong/Getty Images) Getty Images President Biden wants to revamp the taxation of

The IRS taxes most lawsuit settlements, and exact wording matters if you are trying to avoid that grim result. However, a suit about intellectual property might produce capital gain when it settles. So might a case about a landlord tenant dispute, where the tenant is bought out of a lease. A suit about damage to

The students holding a shot of graduation cap by their hand in a bright sky during ceremony success … [+] graduates at the University, Concept of Successful Education in Hight School,Congratulated Degree getty President Biden and House Way & Means Committee Democrats have proposed increasing the earned income tax credit (EITC) for workers without children

Like every other middle-aged American man, I’m riddled with insecurities. To compensate for those fears that I’m not quite good enough, I’ve become overly competitive in all arenas of my life because, well…it’s cheaper than a sports car. Electric city bikes on a stand in snow on the Upper West Side, New York. (Photo by:

Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about eligibility to take retirement benefits at 70 after taking spousal benefits at full retirement age, filing early as the lower earner or delaying and finding current and future benefit estimates after filing for other benefits. Larry Kotlikoff is a Professor of Economics at Boston

Time to lower your taxes with a SEP IRA getty The 2021 tax season is here, and if you’re self-employed, the SEP IRA may hold the key to slash your 2020 taxes owed. Business owners and those with a 1099 are likely eligible to contribute to a SEP IRA. For those who earned more than

BROOKLYN, NEW YORK – DECEMBER 20: Dog waste overflows from a city trash can on December 20, 2020 in … [+] Brooklyn. A recent snow storm and budget cuts due to the COVID-19 crisis, feeds fears that daily life services, such as trash collection, have declined dramatically in New York City. (Photo by Andrew Lichtenstein/Corbis

UNITED STATES – FEBRUARY 10: Chairman Richard Neal, D-Mass., left, and ranking member Rep. Kevin … [+] Brady, R-Texas, talk during the House Ways and Means Committee markup on COVID-19 relief measures. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images The major tax provisions of the pandemic relief

businessman chooses the path strategy 3d illustration getty In this installment of Willis Weighs In, Tax Notes contributing editor Benjamin M. Willis talks with DiAndria Green of Bennett Thrasher LLP, Amie Colwell Breslow of Jones Day, and Nicholas Kato of Leo Berwick about the twists and turns they encountered as tax professionals. From a lack

Businesses around the country have been slow to evaluate, or quick to assume they are ineligible for, the 2021 Employee Retention Credit (“ERC”).  The result: a significant amount of cash is still being paid to the Federal government when it could remain with companies that need it.  In 2021 the maximum amount of ERC is $7,000

Travel concept. Blue and red passports background. 3d illustration getty In some circles 2020 became the year of the second passport. For a cool THB 10 million (about $334,000), Thailand is doling out residency to investors willing to build residential real estate. St. Kitts and Nevis slashed the cost of its golden visa by $45,000

The IRS is accepting 2020 tax returns starting February 12, 2021. getty The Internal Revenue Service says taxpayers should expect to face limited face-to-face operations, heavy call volume, and paper-processing delays as it opens today for tax season 2021, accepting tax returns for tax year 2020. And then there’s all the pandemic-related tax law changes

Economic Security Planning, Inc. Today’s column addresses questions about whether to decide when to file according to a break even analysis, whether you must actively file for benefits taken after earlier benefits and how military credits are applied for periods of actively service. Larry Kotlikoff is a Professor of Economics at Boston University and the