Month: December 2019

Foreign intrigue; stealing green; bringing it home; and other highlights of recent tax cases. Las Vegas: Preparer Trixa Belloso Rivas, 55, has been sentenced to 14 months in prison and been ordered to pay $2 million in restitution to the IRS. Between August 2008 and May 2019, Rivas owned and operated the tax prep business
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A Therapy Dog tag isolated on white. Clipping path available. Getty On a snowy afternoon a week before Christmas, a therapy dog named Koko brought the gift of her presence to a New Jersey nursing home. The beautiful Koko, four years old, fleetingly touched the lives of about 30 residents of a 70-bed nursing facility
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The Organization for Economic Cooperation and Development is proposing what observers call the most significant restructuring of the international tax system in decades, including a single set of nexus rules and a global minimum tax. The proposals are the result of Action One (of 15 action points) of the OECD’s “Inclusive Framework on Base Erosion
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In a few days, people around the world will celebrate the turn of a decade, with many opening a bottle of sparkling wine to wish farewell to 2019 and offer a warm welcome to 2020. How such a bottle of sparkling wine is taxed differs significantly across EU countries, ranging from no excise tax in
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Next week brings one decade to a close and opens the next: the 2020s. The equivalent decade a hundred years prior saw the prohibition of alcohol and the birth of speakeasies. While it’s hard to say whether these new ’20s will be roaring with a comeback of bobbed haircuts, art deco, and the Charleston, two things
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Paul Bradbury | Getty Images No debt is your goal for the new year. It’s a perennially popular resolution, says Lauren Anastasio, a certified financial planner at New York-based personal finance company SoFi. When people are coming off the holidays and holiday spending, they often have larger credit card bills coming due. “It tends to
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As 2019 draws to a close and the calendar turns toward the new year, it is an opportune time for investors to position their stock portfolios for 2020; with the S&P 500 near a record high and interest rates on the decline, high-yield dividend growth stocks are especially attractive for income investors, asserts Ben Reynolds,
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Christmas stockings in the Cracker Barrel Restaurant. (Photo by: Jeffrey Greenberg/Universal Images … [+] Group via Getty Images) Universal Images Group via Getty Images It is that time again.  TaxVox somehow has whittled down its list of the year’s bad tax ideas to 10 (plus one more serious item).   10. The government shutdown. The
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The aftershocks of events at the federal level continued to have major tax repercussions at the state level throughout 2019. As was the case last year, the annual list of the top developments in the state tax arena compiled by Jamie Yesnowitz, principal and SALT practice and National Tax Office leader at Top Five Firm
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For most households, sticking to a budget is apparently far easier said than done. Even though most consumers (74%) say they have a budget, 79% of them fail to stick to it, according to research from crowd-sourced shopping platform SlickDeals.net. On average, the weekly amount that people spend — not including bills like mortgage or
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Are you better off than you were three years ago? Tax cut calculator Forbes Taxpayers will be pondering the tax cut in April, and again in November. I decided to do a little experimenting with the tax code, using a spreadsheet that I invite you to download. The 2017 tax cut that its main promoter
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The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements. International Standard on Auditing (ISA) 315 (Revised 2019) is part of the IAASB’s work to improve audit quality globally. In finalizing the revisions, the IAASB concentrated on making the standard more understandable and less
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