If a person suffers damages, the person retains an attorney to pursue a remedy. But, what happens when there is no individual who has suffered damages but it is the public in general that is harmed? That is, a public interest issue. It is a state’s attorney general (or a district attorney) who prosecutes public
Taxes
Getty As part of the Tax Cuts and Jobs Act (TCJA), Congress capped the amount of state and local taxes (SALT) that taxpayers can deduct on their federal returns. Taxpayers who were impacted complained that they were unfairly targeted, and some scrambled to find ways to protect the deduction (including filing lawsuits to protect workarounds).
The Marriner S. Eccles Federal Reserve Board Building, Washington DC Getty I find it surreal that someone has to tell the president of the United States that hard working, dedicated, and smart officials of America’s central bank, the Federal Reserve Bank, are not boneheads. Yet, this is the current sad and distracting state of affairs
By Uri Dadush and Laurence Kotlikoff Thirty months into President Trump’s radical trade policy, and as the trade disputes with China <a href=”https://www.reuters.com/article/usa-trade-china/wrapup-7-trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute-idUSL4N24X4MO”>escalate</a> and risk turning into a currency war, it is time to take stock. The president promised to sign <a href=”https://thehill.com/opinion/white-house/420023-president-trumps-fight-for-a-better-trade-deal-with-china”>far better trade deals</a>, ensure fair treatment of American firms and <a href=”https://www.npr.org/2019/03/06/700650144/despite-trumps-promises-the-trade-deficit-is-only-getting-wider”>reduce
Investors have several options to invest extra cash outside of their retirement plan. Building other assets is important as 401(k) savings alone may not be enough to fund retirement and you likely have other financial goals along the way. Getty If you have extra cash to invest after maxing out a 401(k) or other retirement
Share to facebook Share to twitter Share to linkedin The study found that ten economies, including Ireland, host nearly 85% of the world’s phantom capital. Getty Topline: Although world leaders have sought to keep companies from avoiding taxes, the amount avoided has actually gone up over the past decade—and a new study by the International
Share to facebook Share to twitter Share to linkedin Corrine Jean Harkins lives at 2001 Airport Pulling Road, Naples Florida 34112. Her PO Box for Social Security mailing purposes is PO Box 301 Naples Fl 34106. Corrine is 70. She has been taking her own retirement benefit since age 62. We’re posting her information because
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses survivor benefits based on the record of a worker who delays filing until 70, which month to apply to get full retirement age benefits with no reduction, eligibility for
Shutterstock, Inc. The US IPO market continues to be very healthy, and we continue to publish our notes here on some of the more interesting companies coming to market: today’s post focuses on SmileDirectClub (proposed ticker SDC) but also do check out our recent posts on Chewy , Slack , WeWork , Beyond Meat ,
Share to facebook Share to twitter Share to linkedin People sift through the destruction left by Hurricane Dorian in the Mudd neighborhood of Marsh Harbour, Bahamas on September 7, 2019. (Photo by Carolyn Van Houten/The Washington Post via Getty Images) The Washington Post/Getty Images Hurricane Dorian might have spared much of the southeastern United States,
As a parent who’s just sent our youngest child off to college, financial aid is on the top of my brain. Like many parents, we made every effort to set up our daughter for a debt-free degree. We spent almost two years on selecting the best-fit college for her. It was an anxious time, to
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether restricted applications reduce retirement benefits, potential effects of foreign pensions, whether SSA’s benefit estimates include reductions due to the WEP, maximizing widow(er)’s benefits and when during the month
Just because somebody believes things that I find preposterous and even harmful, doesn’t stop me from liking them. That’s the situation with me and Peter Hendrickson, author of Cracking The Code. The view that I find both preposterous and harmful is that the Internal Revenue Code is very narrow in its application and that the IRS
i Getty How often have you heard a value equity manager say his sector is overdone? Or have you ever heard a growth manager shout from the rooftops that growth stocks are overvalued? Probably not. Well, as a bond manager I will break the rules and tell you municipal bonds issued by high tax states
Photo by Eduardo Munoz Alvarez/Getty Images) There’s $700 million of student loan forgiveness up for grabs on a first-come, first-served basis. Here’s what you need to know and how to apply. Student Loan Forgiveness See if you can follow this story. The federal government offers a student loan forgiveness program. Student loan borrowers who think
Getty Genetic testing kits are all the rage these days – and recent tax news may make it even more affordable. Taxpayers may now get a tax break for some testing, piquing interest for some taxpayers. Unfortunately, the increased popularity also makes genetic testing kits ripe for scammers. The U.S. Department of Health and Human
Shutterstpcl Since 1999, the home-office deduction is no longer a red flag — millions of Americans benefit from this deduction each year. Countless taxpayers run businesses from home, and the IRS understands this. The income-requirement rule also limits the use of this deduction for profitable enterprises, which appeases IRS concerns about abuse and hobby-loss businesses. Before
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines potential effects of returning to work at lower pay before filing, suspension of benefits before FRA, the earnings limits for those who’ve filed for benefits in 2019, effects of
Colorful applications hovering over young hand Getty According to the Mary Meeker internet trends report, 51% of the world (3.8 billion people) are internet users, an increase from 49% (3.6 billion) in 2017. Smartphones are the primary internet access point for many people across the globe; emerging markets in remote geographies are a mostly untapped
Whether and how and when you can deduct interest is largely based on how the money you borrowed was spent. The tracing rulings that follow the borrowed proceeds are pretty challenging. Most of us just try to do the best we can. Partnerships Are Different Then there are partnerships that borrow money. They follow the