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Comfortable retirement: Still out of reach for most. (Photo by Andrew Lichtenstein/Corbis via Getty … [+] Images) Corbis via Getty Images Congress ended 2019 by producing a budget of sorts. That fact, in itself, constitutes a rare accomplishment for this country’s dissipated and ever-distracted representative bodies. Such documents, as always, offer much to praise or
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Citrin Cooperman, a Top 25 Firm based in New York, has continued its recent expansion streak in Southern California, snapping up LGSH LLP, its third firm in the Los Angeles area in recent months. The deal, which took effect Jan. 1, will give Citrin a location in the Encino neighborhood of Los Angeles and add
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The Internal Revenue Service’s Whistleblower Office made 181 awards to whistleblowers in fiscal year 2019, totaling over $120 million, according to a new report, and collected more than $616 million thanks to the tips it received, but both those numbers represented a sharp drop compared to the previous year. The IRS Whistleblower Office released its
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The Chinese Controlled Foreign Corporation (CFC) regime was adopted in 2008. CFC rules in China are not commonly enforced, and the government relies more on the application of transfer pricing rules than other general anti-avoidance methods. The rules were created to prevent Chinese multinationals from leaving profits in low-tax jurisdictions through arrangements without business substance. 
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Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks to guests during a campaign stop at Fisher Elementary School on January 12, 2020 in Marshalltown, Iowa. Scott Olson | Getty Images Presidential contender Sen. Elizabeth Warren said on Tuesday that she would begin to forgive student loan debt on the first day of her administration, using
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Finance and accounting professionals are under constant pressure from the C-Suite to “lift up” and elevate the strategic relevance of their function. At the same time, they are under day-to-day pressure to help their organizations stay ahead of audit and compliance requirements, report on financial results, and manage ongoing accounting activities. These activities are all
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Plaid co-founders William Hockey and Zach Perret Source: Plaid Payments giant Visa is buying Silicon Valley start-up Plaid for $5.3 billion, the companies announced Monday. Plaid’s API software, often referred to as the “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among financial technology developers, but the average person interacting
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Sam Edwards | Getty Images Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way. Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by. The report estimates that
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Retirees are sacrificing their own retirement savings in order to help their adult children … [+] financially. Getty Are You Supporting Your Adult Children While Endangering Your Own Financial Security?  As an 80-year-old widower I’ll call “Fred” told me, some parents may derive pleasure in helping adult children financially, especially if the children chose careers
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Several of Massachusetts’ largest employers have created a coalition to seek a change to Massachusetts’ corporate income apportionment formula. The coalition wants Massachusetts to use “single sales factor” apportionment for all industries as an investment incentive to employers who have significant payroll and property located within the Commonwealth. In weighing this apportionment change, Massachusetts lawmakers
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Most people kick off the new year with a resolution to spend less and save more. Easier said than done. Despite steady income growth over the last decade, household spending has risen more, recent research shows. A CNBC survey found 21% of Americans say they’d increased their spending in the last year. The majority gave
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