Tax Notes reporter Andrea Muse provides an update on the state and federal lawsuits challenging Maryland’s digital advertising tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: getting crabby about digital ad taxes. As
Family businesses large and small, whether involving real estate or anything else, often use a limited liability company as the ownership vehicle for the business. The founder of the business will often maintain a controlling position in the LLC, while other family members receive only an “economic interest”—the right to receive money and enough information
Netflix sign-in page displayed on a laptop screen and Netflix logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland, on Jan. 2, 2023. Jakub Porzycki | Nurphoto | Getty Images Netflix‘s crackdown on password sharing has come to the U.S. The streaming service said it began alerting members
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York, November 7, 2019. Lucas Jackson | Reuters NEW YORK – When the bond chief of the world’s biggest asset manager looks at the U.S. right now,
Maskot | Maskot | Getty Images As new peer-to-peer payment app options emerge for teenagers, experts say it’s an opportunity for parents to teach their kids how to use these financial tools wisely — and educate them on how to avoid common pitfalls. Venmo on Monday unveiled a new teen account that allows parents to
D3sign | Moment | Getty Images Taxpayers who use peer-to-peer payment apps like Venmo and PayPal and e-commerce companies such as eBay, Etsy and Poshmark may be receiving a new-to-them tax form next year — one that’s worth some advance planning. Starting this tax year, such companies must use a new, lower threshold when issuing
Rep. John Larson, D-Conn., leaves the Capitol after the final votes of the week on Feb. 28, 2019. Bill Clark | CQ-Roll Call Group | Getty Images House Democrats on Tuesday slammed Republicans for putting Social Security benefits at risk amid an ongoing federal debt ceiling stalemate, while also re-upping a plan that aims to
Tax planning doesn’t necessarily get easier as you age. There are times when taxes get more complicated as you get older. When taxes are complex, there are more opportunities to benefit from proactive tax planning. This could be good news in the form of tax deductions and tax credits. Tax often feels more complicated as
As if texting shorthand wasn’t confusing enough (IKR?), when you have stock options, restricted stock units, or an employee stock purchase plan, you are plunged into an alphabet soup of initialisms, acronyms, and jargon. Do you know NQSOs from ISOs? AMT from FICA or NIIT? What’s the FMV at option exercise? Can you sell company
“New products are enhancing the outdoor ‘gathering story’ – pizza ovens, fire pits, outdoor movies, games, scenes,” according to a new study just published in May by the National Kitchen & Bath Association. The latest outdoor living spaces go far beyond great grilling centers to creating true outdoor rooms. “People changed how they entertained at
An aerial view of a Starship prototype stacked on a Super Heavy booster at the company’s Starbase facility outside of Brownsville, Texas. SpaceX Elon Musk’s SpaceX is set to join the Federal Aviation Administration as a co-defendant to fight a lawsuit brought by environmental groups following the company’s first test flight of Starship, the world’s
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items.
People look for jobs at a fair in Shanghai, China, on May 20, 2023. Bloomberg | Bloomberg | Getty Images Record unemployment among China’s young people stems partly from a mismatch between their majors and available jobs, Goldman Sachs analysts said in a report Monday. Graduates from vocational schools studying education and sports rose by
It will probably be a long time before Congress redrafts section 482, but it’s never too early to propose improvements to the flawed statute that authorizes Treasury’s transfer pricing regulations. The predecessor of what now appears in section 482 of the Internal Revenue Code was first introduced as section 45 of the Revenue Act of
Modern homes are more popular than ever, but many of us think decorating one can be achieved by purchasing the right modern furniture and decor, as if it is a formula. However, this ultimately ends up looking like someone else’s Pinterest Board or worse—a showroom. If you are in the process of decorating a modern
In this article WBD PARA Follow your favorite stocksCREATE FREE ACCOUNT Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global‘s flagship streaming service Paramount+ will
Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023. CNBC Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon. Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts
Monthirayodtiwong | Istock | Getty Images If you’re boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you capture higher yields amid interest rate uncertainty. After a series of interest rate hikes from the Federal Reserve, options for cash, such as high-yield savings, Treasury
The sponsors of the House Republican debt limit bill, the Limit, Save, Grow Act, say its goal is to encourage low-income people to work. But it may have exactly the opposite effect, especially for people with disabilities. And, at the same time, it may throw family caregivers into an impossible situation—having to choose between caring
Are you still waiting to hear something from the IRS about the status of your tax return? The agency recently issued updates about filing and processing. Here’s what you need to know. According to the IRS, all paper and electronic individual returns received before January 2023 have been processed. Additionally, the agency claims it is