Taxes

After around 12 months of significant upheaval, organizations trading in goods are taking a period of reflection to assess how well their post-Brexit international supply chains have been working. Others have carried out exercises to address any gaps that may have appeared with their VAT and Customs Duty compliance obligations.  This article focuses on several

Today’s column addresses questions about whether it would be good to wait till January to file ensure all current earnings are used to determine benefit amounts, requesting an Administrative Law Judge hearing and the availability of larger childhood disability benefits (CDBs) when the higher earner files. Larry Kotlikoff is a Professor of Economics at Boston

Whether you believe digital assets like Bitcoin, Dogecoin and Ethereum represent the greatest investment opportunity in decades or the biggest scam in history, one thing is certain: cryptocurrency is going mainstream. Not only has it become ubiquitous in investor portfolios – from some of the largest institutional funds to the most modest mom-and-pop online brokerage

As the US continues struggling with Covid-19 and economic recovery, debate is growing about the revival of “industrial policy”—government -led efforts to favor certain industries over others, in contradiction to market fundamentalist approaches.  An important new forum in the Boston Review takes on these issues and is well worth your attention.  For our future prosperity, these issues are more

When you are planning for a retirement income you can’t outlive, you must not forget about taxes. How much you will owe in taxes during your retirement years will depend on a combination of how your retirement income is generated and the dollar amount of your retirement income stream. Sadly, many pre-retirees forget about taxes

The past 18-month stretch has been challenging with health, social, and financial turmoil seeming to come daily. As many are looking forward to the future, they are also excited to finalize their 2020 individual federal income tax filings by October 15th and put 2020 in the rear-view window.  But before any 2020 individual income tax returns

Jordan Bass of the firm Taxing Cryptocurrency discusses the proposed cryptocurrency tax changes that Congress is considering and how they could affect taxpayers and the digital asset industry. This transcript has been edited for length and clarity. Marie Sapirie: Thank you, Jordan, for joining me today to discuss the rapidly changing tax rules and in particular,

The proposed tax legislation coming out of House Ways and Means addresses a long running dispute between sponsors of low income housing tax credit deals and investors. The legislation favors the sponsors. To understand the issue I need to briefly explain how the credit works.  Overview Of The Credit  The owner of the building, typically a partnership,

What state taxes apply if you are stuck in California or another state during the pandemic? Do you pay tax where you shelter in place, even if you don’t normally live there? Do you pay tax in your home state, even though you are not sheltering there? Do you get stuck paying in both? Some

Employees with stock options in a private company face a big obstacle that employees in public companies do not: you cannot sell the stock to fund the exercise price and any taxes. For insights on what you can do, and the growth in firms that provide financing to exercise private company stock options, I turned

On September 3 the Texas Supreme Court agreed to hear Sirius XM Radio, concerning whether the state properly apportioned the taxpayer’s activities within the jurisdiction for purposes of calculating its franchise tax liability. While there are several issues in play, the critical one is whether the state’s interpretation of the relevant statutes in this case is contrary to the

Today’s column addresses questions about eligibility for spousal benefits, what being born after 1/1/1954 means for spousal benefit eligibility and working while receiving disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers here. Have Social Security questions

Starting in July, many parents began receiving monthly payments of the Child Tax Credit (CTC). A new IPSOS survey as well as Urban Institute interviews suggest these regular payments will help families make ends meet. Families report they’ll use the credit to catch up with past due bills and pay regular expenses such as rent

Last year, Brad and Penny Bibey realized they could make a killing selling their Camarillo, Calif. house, 60 miles west of Los Angeles and just five minutes from the beach in the booming real estate market of Ventura County. They’d lived in the house for 23 years, and in the city for 35, but were

On September 13, 2021,  the House Ways & Means Committee released far-reaching tax proposals included in the $3.3 trillion reconciliation legislation under active consideration by Congress. It is likely that many substantive changes will be made during that process of making this into law. Most of the proposed changes are effective after December 31, 2021,

Earlier this week the House Ways and Means Committee released 881 pages of a proposed bill that would make many changes to income, estate and gift taxes. I covered changes to the Estate and Gift Tax system in an earlier post titled Estate Tax Law Changes – What To Do Now with the assistance of

Amid all the chatter about what might be included in the forthcoming budget reconciliation package, there’s one detail you should keep an eye on. It concerns the degree to which the U.S. tax code should favor foreign profits relative to domestic profits. This is a billion-dollar issue given how adept multinational corporations have become at

The tax legislation floating around the House Ways and Means Committee that doesn’t seem to have a name includes a provision that supporters of conservation easement deductions have either longed for or dreaded. The Partnership for Conservation (P4C), the trade association for the conservation easement syndication business, is opposed to the legislation. Land Trust Alliance, on the

On September 13th, the House Ways and Means Committee released its tax proposals as a markup to the Build Back Better Act, the Democrats’ $3.5 trillion reconciliation package bidding to avoid a filibuster and pass on a straight party-line vote. The markup won’t be the final word on the tax changes to the Act; it

A new analysis on remote work job applications shows that smaller, more affordable metro areas are so far reaping the benefits of the boom in remote work. The analysis of data from LinkedIn’s Economic Graph team shows remote work opportunities as of August were capturing 30.2% of all applications to paid U.S. job postings on