Month: December 2018

To increase information security, the IRS will stop its tax transcript faxing service as of Feb. 4. The IRS said that it worked with the tax prep community to agree that the move will meet practitioners’ needs in e-filing individual returns while further safeguarding taxpayer data. Cybercriminals who steal transcripts use them to file fraudulent
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  If you’re planning to make New Year’s resolutions for 2019, there’s a good chance at least one of them will be related to your finances. Money management issues like big credit card bills or a small savings account balance may be more top of mind on a day-to-day basis, but the beginning of a
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Paying taxes is rarely something you look forward to. It is perfectly legal to arrange your affairs to pay as little as possible. But if you think that paying taxes can’t get any worse, you would be wrong. The least satisfying of all taxes would be paying taxes that are not even yours. That might be how some people
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When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
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A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses how he invests in market cycles and the mentality of a successful investor. Howard also talks about starting a Hedge Fund/Asset Management firm and the trade war. 📚 Books by Howard Marks and his favourite books
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Can’t impersonate guilt; Breakthrough busted; married lawyers plead; and other highlights of recent tax cases. Tampa, Fla.: Brenda Dozier, 54, has pleaded guilty to conspiracy to commit money laundering. From July through at least November 2015, Dozier laundered money that had been extorted from U.S. residents by conspirators residing in the States and overseas. India-based
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The biggest problem for the global economy in 2019 won’t be the trade war between America and China. It will be massive business failures. Perhaps bank failures, too. The US-China trade war was the big problem in 2018, raising fears of de-globalization and the descent of the global economy into a collection of highly protected national markets. But financial
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