Michael Cohen’s guilty plea is opening a door to a long-closed world — the business of Donald Trump. Many have tried, unsuccessfully, to get a look. Trump rebuffed calls during the election to release his federal tax returns. Public advocacy groups have sought those returns and failed. Even his ex-wives, and by one account his
Month: August 2018
After Amazon cracked through the $2,000-per-share milestone for the first time, TradingAnalysis.com’s Todd Gordon is betting on an even bigger rally in coming weeks. “Amazon is in breakout mode here. I like the stock, it looks strong. I’ll show you on the chart from a technical point of view that there is still room to
In a five-day special session that concluded August 29th, Mississippi lawmakers reached an agreement to reduce the state’s $400 million per year infrastructure funding shortfall, a plan that includes several tax changes. As of mid-August, more than 400 locally-owned bridges remained closed, with another 1,700 subject to weight restrictions, due to safety concerns and insufficient
Retiring overseas is just a beautiful daydream for most of us. But if you’re lucky enough to have the time, either as a retiree or someone with a flexible work schedule, why not try living in an enchanting European city for a month? It can be more affordable than you think. Many cities on the
The Trump tax cuts handed a huge gift to wealthy folks who want to transfer money tax-free to future generations: The federal estate and gift tax exemption doubled as of Jan. 1– to $11.18 million per person for 2018. “Everybody right now is basically running around trying to leverage the new exemption because they’re worried
The hallmark of the Tax Cuts and Jobs Act of 2017 (TCJA) was supposed to be its simplicity. By eliminating the personal exemption amounts and doubling the standard deduction, the theory was that taxpayers would have a tax return that was so simple that it could fit onto a postcard. In the weeks and months
The Internal Revenue Service could do more to strengthen its tax enforcement efforts by further leveraging the Return Review Program to catch fraudulent tax returns, according to a new report. The report, from the Government Accountability Office, noted that the IRS’s Return Review Program, or RRP, detects and selects potentially fraudulent returns to stop invalid
Today is Berkshire Hathaway chairman and CEO Warren Buffett’s birthday. He is 88, but the best birthday present he ever received came long ago, before he made his first penny — before he was even born. It didn’t come wrapped; it doesn’t even take a physical form. It’s called luck. Of course Buffett’s made a
Sure, those pugs on Instagram are cute. But they’re expensive, too. Most people estimate that owning a dog costs between $26 and $75 a month, according to pet sitting app Rover, which surveyed some 1,500 U.S. adults in July. The reality? More like $150. “When most people get a dog, they think of basic expenses,”
Credit: Shutterstock Do you ever feel that advertisers and marketers don’t understand, or really speak to, people over 50? That they’re missing what 21st century aging is all about? Then you’ll be interested to see what advertising executive Nadia Tuma-Weldon says. She’s the senior vice president and director of McCann Truth Central — a division
Courtesy ShutterstockShutterstock It’s Tuesday. I wake up, shower and rush out. I stop to buy coffee. I stop to get a smoothie. I swing through the drug store and buy a few items (some items are necessities, some not so much). I take a cab to work. I buy a salad at lunch. I get
There are no fewer than 130 new tax provisions in the Tax Cuts and Jobs Act, according to Shaun Hunley, a technical editor of PPC products for Thomson Reuters Checkpoint in the Tax & Accounting business of Thomson Reuters, but with tax practitioners starting to focus on helping clients address the act’s impact, he has
Amazon just got a little closer to $1 trillion on Wednesday. The e-commerce company rallied after Morgan Stanley became the biggest bull on the Street with its $2,500 price target. Wednesday’s surge added around $32 billion to Amazon’s market cap, putting it less than $30 billion from the $1 trillion level Apple crossed for the
If you’re trying to contribute the max to your retirement plan, know this: You can still have your Netflix or Hulu subscription and go on vacation. The Principal Financial Group studied 1,498 adults in October and November last year. Participants saved at least 90 percent of the maximum allowed under their retirement plan. This year,
A for sale sign outside a mansion at Miami Beach. (Photo by: Jeffrey Greenberg/UIG via Getty Images) Everybody worries and everybody worries about retirement in a different way. Almost everyone nearing retirement wonders whether they should pay off their mortgage. To answer the question yourself start with the financial golden rule: get interest, don’t pay it.
(AP Photo/Themba Hadebe,Pool) China’s paramount leader, President Xi, has vowed that stability is his top priority. Interestingly, President Xi echoes Karl Schiller, who was the German Finance minister from 1966 until 1972. As Schiller put it, “Stability is not everything, but without stability, everything is nothing.” Well, China, a country that has experimented with different
The Internal Revenue Service put the tri-state area on notice: The charitable workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes aren’t acceptable to the federal government. Taxpayers who itemize will only be eligible for a federal deduction that’s a small fraction of their
Key Findings The U.S. Supreme Court in South Dakota v. Wayfair this year ruled that a state may require collection of sales tax by out-of-state internet retailers who sell into the state (“remote sellers”), so long as the law does not discriminate against or place excessive burdens on those engaging in interstate commerce. The Court
Advanced Micro Devices is having a bad case of deja vu. A massive 139 percent rally this year has pushed AMD’s stock to its most overbought since before even the dot-com bubble, a peak before its shares crashed. One trader says it could burst again. “It’s had this great run but I do think it’s
If you’re choosing among the retirement funds on your 401(k) menu, you may have noticed something called a target-date fund on the list. Target-date funds typically consist of a mix of stocks, bonds and other investments that determine their risk based on when you want to retire. The funds are a popular choice among workers.
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