It’s no secret that the opportunity zone (OZ) program has garnered tremendous attention from real estate developers and investors. Did you know it may hold even greater rewards for serial entrepreneurs, owners of existing improved commercial real estate and others investing in new or existing OZ-located businesses? The Treasury Department’s latest set of OZ regulations
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What is “autopilot spending”?  According to a new report by the Urban Institute, “Fiscal Democracy in the States: How Much Spending on Autopilot?“, this is spending that “is determined before governors propose or lawmakers negotiate a budget.”  And according to their analysis, based on a high- and low-end estimate (that is, varying definitions of what
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Many LGBTQ people struggle with money, same-sex parents are hit especially hard. Getty Seven in ten LGBTQ Americans say they are behind on saving for retirement. This statistic blows my mind as my recent post that talked about how married Gay Men and Lesbians made more on average than our straight counterparts.  All the same, I’m not
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D.A. IOU; broken LINX; fraudster to the stars; and other highlights of recent tax cases. Huntington, New York: Business owner Warren J. Krotz, 62, has pleaded guilty to tax evasion. Krotz owned and operated W. Krotz Enterprises Inc., a professional painting business, and admitted to evading both his individual and employment tax liabilities. From around
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We do not get a lot of tax cases decided by the Supreme Court, so when we get one, it is worth examining — even if it appears to be a very narrow ruling based on somewhat unusual facts. Some trusts may be able to file claims for refunds based on the recent decision in
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High-tax countries have increasingly raised concerns that corporate profits are shifted to low- or no-tax jurisdictions. According to a literature review by economist Nadine Riedel, the range of estimates for profit shifting by multinational businesses stretches from less than 5 percent to more than 30 percent of their income earned at high-tax affiliates being shifted
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The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate
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Person Getty Smart, sensible and empowering. That’s how I describe – Trust Your Doctor, but Not That Much – Be Your Own Best Healthcare Advocate. Reina S. Weiner, the author of this new book, takes all of us on a journey to discover how to take control of our healthcare. She’s written a guide to
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LBMC, an Accounting Today Top 100 Firm based outside Nashville, has acquired Think Data Insights, a company that provides data platforms and analytics solutions. More firms are upping their stake in analytics and other technology capabilities as the accounting industry becomes increasingly tech-enabled. Financial terms of the transaction were not disclosed. LBMC’s offices in Brentwood,
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Democratic presidential contenders divided sharply on Tuesday over whether middle-class taxes would have to increase to pay for a government-run health care system known as “Medicare for All.” Senators Bernie Sanders and Elizabeth Warren — two of the most ardent supporters of replacing private health coverage with government-sponsored care — have said that taxes for
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