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The 116th Congress has few legislative days remaining in the lame duck session to address a relatively long list of priorities, including additional pandemic relief, expiring tax provisions, and economic stimulus. Whether this Congress will accomplish the remaining tasks is highly uncertain, leaving the next Congress and President-elect Joe Biden to likely start the new
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While festivities may be somewhat dampened this year due to the coronavirus, the holiday season seems to foster a spirit of giving. This year might be a good time to indulge the spirit, according to wealth planners. “It’s always a good idea to make gifts,” said Lawrence Mandelker, counsel in the tax and wealth planning
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Island girls; five-year mission; nurse malpractitioner; and other highlights of recent tax cases. St. Croix, U.S. Virgin Islands: Patricia Henry has been found guilty of conspiracy to defraud the U.S. Patricia Henry, her daughter Phiona Henry, and others participated in a scheme to steal federal income tax refunds from 2010 to 2013. The scheme involved
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Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
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The International Accounting Standards Board began a consultation process Monday in preparation for possible changes in the accounting standards for mergers and acquisitions involving companies within the same group, or in other words, business combinations under common control. A current International Financial Reporting Standard, IFRS 3, Business Combinations, already provides the reporting requirements for mergers
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More than 40 million Americans have student loan debt, and outstanding student loans nationwide total more than $1.5 trillion. Soon, the government’s pause on federal student loan payments will expire, leaving millions of borrowers grappling with how they’ll pay what they owe in 2021. But Brandon Leake, a 28-year-old husband and father, figured out a
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Bill Clark | CQ-Roll Call, Inc. | Getty Images “If we are going to get another round of stimulus, I can’t imagine that won’t be included in it,” said Michael Strain, director of economic policy studies at right-leaning think tank American Enterprise Institute, of a new weekly subsidy. Strain added, however, that he thinks “it’s
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While 2020 was a year of crisis for many businesses, accountants found that their services came into sharper focus. In a remote world, outsourced accounting becomes easier to deliver to more clients; and in a world where businesses have been forced to temporarily close or shift their operations significantly in some way, accountants find themselves
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. The workplace needs to be fresh and comfortable to achieve optimum levels of productivity. As such, there is a need for fresh air to circulate and remove stale air from the premises to keep both staff and customers
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