Taxes

Credit: Getty Royalty FreeGetty Something is missing from your investment portfolio—Series I bonds. These federal savings bonds offer inflation and tax protection. Because brokers don’t peddle them, they are orphans, unwelcome and under-appreciated. That’s the compelling argument of Jason Lina, lead advisor at the Resource Planning Group in Atlanta: Larry Light: So in the words
0 Comments
What’s unique about a 457 retirement plan? Getty A 547(b) plan is likely your main retirement savings option if you work for the state or local government, or certain non-profits such as a church. With a 547(b) things can be a little confusing because plans such as the 547(b) (and also 403(b) plans), typically get less attention. That’s a shame because
0 Comments
Pedro Sánchez in the Spanish Congress on WednesdayLamoncloa.gob multimedia The Spanish President Pedro Sánchez has called general elections on April 28. The announcement has come after the Government’s defeat to approve the General State Budgets last Wednesday when the Congress rejected the so-called “more social budgets” of recent years. Apart from the political consequences, the
0 Comments
Can you amend your taxes if you forgot something or made a mistake? Sure. Should you? It depends. You must file a tax return with the IRS each year if your income is over the requisite level. In fact, you can be prosecuted for failure to file (a misdemeanor) or for filing falsely (a felony). Ask
0 Comments
Early filers being disappointed at the size of their refunds or shocked by a balance due seems to be a thing.  This story by Madhuri Sathish is one of many. Photocredit: GettyGetty So I am going to violate Reilly’s Sixth Law of Tax Planning -Don’t do the math in your head – and tell you what I
0 Comments
Photographer: SeongJoon Cho/Bloomberg© 2018 Bloomberg Finance LP The problem with President Rodrigo Duterte’s jobless booming economy in the Philippines isn’t the liberal economic policies his administration has been pursuing. It’s the persistence of corruption and cronyism and cultural populism that divide up Filipinos — and limit job opportunities for those on the wrong side of
0 Comments
Share to facebook Share to twitter Share to linkedin Stock Buybacks – Calm DownGetty I cannot believe how much hysteria there is about stock buybacks.  Stock buybacks are something companies should be able to do to manage their shares outstanding.  Plain and simple.  Companies are responsible for managing their capital structure.  Choosing how much debt
0 Comments
Traders work on the floor of the New York Stock Exchange in New York, Monday, Dec. 24, 2018. (AP Photo/Seth Wenig)ASSOCIATED PRESS Trader tax status (TTS) constitutes business expense treatment and unlocks an assortment of meaningful tax benefits for active traders who qualify. The first step is to determine eligibility. If you do qualify for
0 Comments
Detail of the United States Capitol building in Washington D.C.Getty I testified to the Ways and Means Subcommittee on Oversight yesterday on whether presidents, vice presidents, and candidates for these offices should disclose their tax returns.  My answer:  yes, full speed ahead, starting with President Trump.  I made three arguments: First disclosing tax returns of presidents, vice
0 Comments
Democratic members of Congress, including Rep. Alexandria Ocasio-Cortez, D-N.Y., arrive before President Donald Trump delivers his State of the Union address. (AP Photo/J. Scott Applewhite) photocredit: ASSOCIATED PRESS The Green New Deal is the big new thing among progressive Democrats. Until today, it has been little more than a four words (much like Medicare for
0 Comments