An IRS Memorandum released on April 9, 2021 (Number: 202114020) further clarifies when cryptocurrency hard forks should be taxed. The memorandum specifically talks about bitcoin (BTC) & bitcoin cash (BCH) hard fork occurred on August 1, 2017 at 9:16 AM EDT. Pursuant to the hard fork, people who held BTC received an equivalent amount of
Here’s one Netflix release you won’t find on the streaming service: Ted Sarandos, the co-chief executive and chief content officer for the media juggernaut, and his wife, former U.S. ambassador Nicole Avant, have sold their home in Malibu for $14.73 million. The market for homes on Malibu’s most coveted beaches such as Carbon and La
Today’s column addresses questions about whether there are potential advantages to delaying spousal benefits past full retirement age (FRA), when divorced spousal benefits can be available and how spousal benefits are calculated. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize
In this article JNJ A box of Johnson & Johnson’s Janssen COVID-19 vaccine doses are pictured at Grubb’s Pharmacy on Capitol Hill on Monday, April 12, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images LONDON — The European Medicines Agency said Tuesday the Johnson & Johnson Covid-19 vaccine has possible links to
In this article JNJ A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Johnson & Johnson on Tuesday reported $100 million in first-quarter sales of its Covid-19 vaccine that’s on hold in the U.S. while U.S. health regulators investigate a rare blood-clotting issue. In releasinging its first-quarter financial results, the
Take a look at some of the biggest movers in the premarket: Kansas City Southern (KSU) – Shares of the rail operator surged 18.9% in premarket trading, after Canadian National Railway (CNI) offered $325 per share in cash and stock for the company, topping a prior $275 per share offer from Canadian Pacific (CP). The
Sen. Elizabeth Warren, D-Mass., holds a news conference to announce legislation that would tax the net worth of America’s wealthiest individuals on March 1, 2021 in Washington. Chip Somodevilla | Getty Images News | Getty Images Sen. Elizabeth Warren wants one of her biggest critics to face lawmakers in a hearing next week. Warren, a
Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden. That means there’s motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably
The coronavirus crisis has put college affordability into focus like never before. This year, because of the pandemic, the price of higher education is an even bigger consideration among students and parents. However, at the same time, the cost a four-year college or university has never been higher. Tuition and fees, alone, reached $10,560 for in-state students at four-year
Could the corporate blowback against GOP efforts to rewrite voting rules in Georgia and other states drive congressional Republicans to accept some of President Biden’s proposals to raise taxes on US corporations and, gulp, their shareholders and top executives? Well, probably not. But the endless stories about the growing rift between big business and many
Hemant Shah has built a three-decade career working exactly two jobs — both in an area called risk management. Shah founded RMS, a catastrophe risk modeling company for the insurance industry in 1989 while in grad school at Stanford University. From RMS, Shah learned that commercial property owners didn’t have much control over their risk
Igor Golovniov/SOPA Images | LightRocket | Getty Images Mastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs. The credit card giant also unveiled a partnership with Greenwood, a fintech firm aimed at Black and Latinx consumers and
The Biden administration and Congress plan to spend a lot more money in 2021 and beyond. They’re also planning to raise taxes to pay for a lot of that spending and also to refashion the economy and reduce inequality. The tax increases proposed so far have been on large corporations, and bills have been proposed
In this article PM BATS-GB MO Marlboro cigarettes, a product of Philip Morris International Daniel Acker | Bloomberg | Getty Images Tobacco stocks tumbled Monday on a report that the Biden administration is considering whether to cap nicotine levels in cigarettes. The report, which cited people familiar with the matter, was published in the Wall
U.S. stock futures were flat in overnight trading on Monday as investors prepare for the next batch of corporate earnings. Dow futures rose 35 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures were flat. The major averages fell on Monday, dragged down by overall weakness in the technology sector. The Dow Jones Industrial
More than a year after Covid-19 brought cruise ships to a standstill, there are clear signs that cruising could be making a comeback. The U.S. Centers for Disease Control and Prevention (CDC) signaled this month that cruises may resume by mid-summer — with restrictions — in a move cheered by operators and cruise lovers. That
urbazon | E+ | Getty Images If you haven’t received your $1,400 stimulus check, you may still be eligible for the money. About 159 million stimulus payments have been sent since Congress authorized a third round of stimulus checks in March. Those payments total more than $376 billion. They include up to $1,400 per adult,
The Solar Decathlon run by the United States Department of Energy is an extraordinary collegiate event which happens every two years. This year was no exception. The first place winner of this event went to the University of Colorado Boulder team. They attempted to build affordable housing to accommodate local residents who are being financially
The focus of this proposal is retirees who own their homes but have little or no financial assets. They are said to be “house-rich but cash poor.” As a rough estimate, they number perhaps 15 million. A small change in the Federal tax code would help them at no reduction in Federal tax revenues and
A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Monday reported its fifth consecutive quarterly net loss though travel demand has recently improved as vaccinations ramp up and governments loosen travel restrictions. Here’s how United