Wed, 22 Feb 2017 13:40:00 -0500Three bills in Congress purport to repeal the estate tax. They are illusory. It is not a repeal of all inter-generational wealth transfer taxes. To planners, it's clear that our elected leaders have intentionally put in major road blocks to effective implementation -- other than one simply dying.
Wed, 22 Feb 2017 12:41:00 -0500Eric Irvin, CEO of Reality Shares, offers guidance on how investors can potentially optimize and protect their portfolios now that the Dow has surpassed 20000. After an eight-year bull market, investors must avoid complacency, and stick to an accurate time-tested approach like dividend growth.
Wed, 22 Feb 2017 11:39:00 -0500Today’s column explores various questions about divorced and non-divorced widow(er)'s benefits and spousal benefits.
Wed, 22 Feb 2017 10:39:00 -0500The estate tax now faces near certain extinction even though almost no one pays it, and very few even face the prospect of paying it.
Wed, 22 Feb 2017 08:56:00 -0500How do typos as a tax excuse stand up to IRS scrutiny? First ask if your explanation passes the straight face test.
Wed, 22 Feb 2017 08:04:00 -0500Each year, the Internal Revenue Service (IRS) issues a list of common tax schemes and scams they call the "Dirty Dozen." Taxpayers can fall victim to these scams at any time but they tend to peak during tax filing season. Here's a summary of this year's "Dirty Dozen."
Tue, 21 Feb 2017 19:01:00 -0500Whether it’s legal or not under CFTC regulations, the IRS requires American resident taxpayers to report Bitcoin trading income and losses worldwide on U.S. resident tax returns. It doesn’t matter whether you repatriate funds back to the U.S., or not.
Tue, 21 Feb 2017 19:00:00 -0500Bitcoin is the most famous cryptocurrency, and there’s been significant price volatility the past few years. That’s attracted American retail traders to Bitcoin exchanges offering leveraged trading. But, that’s likely in contravention of CFTC regulations for American retail traders.
Tue, 21 Feb 2017 18:51:00 -0500The ultimate value of a company isn’t determined by analysts, traders or stock charts, but rather by the consumers that choose to buy the company’s products, or not. Consumers are speaking out loud and clear. All investors need to do is listen to them. Here's how it works.
Tue, 21 Feb 2017 17:23:00 -0500It's Getting To Know You Tuesday! Today's tax pro is Bill Smith, Managing Director for CBIZ MHM’s National Tax Office.
Tue, 21 Feb 2017 16:39:00 -0500Brazilian private equity powerhouse 3G Capital, Pershing Square's Bill Ackman and Warren Buffett have made about $14 billion on the revival of Burger King.
Tue, 21 Feb 2017 16:39:00 -0500
Warren Buffett may have bolstered Berkshire Hathaway's investment team in recent years by hiring Todd Combs and Ted Weschler, but the Oracle of Omaha is still the one making the biggest bets. Berkshire had at least $1 billion in each of these stocks at the end of 2015. (Market value, portfolio weights as of 3/15/16)
Position: 325.6 million shares
Market Value: $25.3 billion
Berkshire Portfolio Weight: 18.7%
Position: 479.7 million shares
Market Value: $24 billion
Berkshire Portfolio Weight: 17.7%
Position: 400 million shares
Market Value: $18.1 billion
Berkshire Portfolio Weight: 13.4%
Position: 81 million shares
Market Value: $11.6 billion
Berkshire Portfolio Weight: 8.6%
Position: 151.6 million shares
Market Value: $9 billion
Berkshire Portfolio Weight: 6.6%
Position: 75.6 million shares*
Market Value: $6.5 billion
Berkshire Portfolio Weight: 4.8%
*as of 2/12/16
Position: 52.8 million shares
Market Value: $4.3 billion
Berkshire Portfolio Weight: 3.2%
Position: 56.2 million shares
Market Value: $3.8 billion
Berkshire Portfolio Weight: 2.8%
Position: 85 million shares
Market Value: $3.5 billion
Berkshire Portfolio Weight: 2.6%
Position: 38.6 million shares
Market Value: $2.7 billion
Berkshire Portfolio Weight: 2%
Tue, 21 Feb 2017 13:50:00 -0500Today’s column explores the timing of benefits for married couples, the family maximum and the availability of divorced spousal benefits.
Tue, 21 Feb 2017 12:17:00 -0500Lots of folks want to see Donald Trump’s tax returns. Conventional wisdom is that the returns cannot be disclosed unless he consents.
Tue, 21 Feb 2017 10:39:00 -0500Retail, and by extension retail real estate, is evolving. What was once the country store on a dirt road is now a large omnichannel retailer. The digital and physical retail worlds are converging with retailers embracing technological advancements to serve, understand and attract new customers.
Tue, 21 Feb 2017 10:23:00 -0500High earners who live in these taxing states can expect a big bill at tax time. It could get worse. In New York, Gov. Andrew Cuomo is calling to extend New York’s 2009 “temporary” millionaire’s income tax through 2020, and Assembly Democrats want a new 10% top rate for $100-million-plus [...]
Tue, 21 Feb 2017 10:22:00 -0500We need the nation’s chief executive to think about, and accept the notion of “policy” – and take advice and counsel from experts who know more than he does.
Tue, 21 Feb 2017 10:17:00 -0500Check out these generous tax breaks for retirement income.
Tue, 21 Feb 2017 10:13:00 -0500Worried about big tax bills in retirement? Here’s help.
Tue, 21 Feb 2017 10:04:00 -0500People are proactively going to states with either no income tax or lower taxes.
Tue, 21 Feb 2017 10:04:00 -0500
Whether you're achildless Millennial or a boomer near or in retirement,you canlive happily without owning a car-- inthe right locale. To pick the 25 best places to go carless, weweighed city-wide ratings of walkability (can you hoof it to stores and services?), public transit and bike-friendliness,plus availability of by-the-hour car rentals andride-share services like Uber and Lyft. We ruled out places with sky-high serious crime, but didn't factor in publicschool quality since going carless is less appealing when you've got kids to cart around. Some of our picks are expensive, but we found good choices for tighter budgets too. Onthe slides,we note cost of living, air quality, and other metrics and suggest great, walkable neighborhoods.Our 25 picks are listed alphabetically.
This quintessential college town (University of Michigan) of115,000, just 30 miles west of Detroit, is easy to get around without an owned car and has a low crime rate. Ann Arbor ranks decently on Walkscore.com indexes for walkability and transit availability, and very high for bikeability. Uber and Lyft serve the area, as does rent-by-the-hour Zipcar. Median home price is $233,000. Cost of living is 11% above the national average. State tax climate for retirees is average. Air quality is good and physicians per capita is above average. Walkable neighborhoods include Downtown and South Main.
Just across the Potomac River from Washington, D.C., Arlington (population 230,000) has one-eighth the serious crime rate of its larger neighbor. The city boasts high Walkscore.com rankings for walkability, transit (including four rapid-transit lines) and biking. Bicycling Magazine ranks Arlington the country's 25th best place to bike. Uber and Lyft are there, along with rent-by-the-hour services Car2Go and Zipcar. Median home price is a pricey $625,000, and the cost of living is 81% above the national average. Tax climate for retirees is average. Air quality is average, but physicians per capita is above the national average. Walkable neighborhoods include Clarendon/Courthouse, Ballston-Virginia Square and Lyon Village. More information here.
Home to the flagship University of California campus, Berkeley (population 117,000) is a carless retiree's dream. Walkscore.com gives high rankings for walkability, transit(including the BART rapid transit line to nearby San Francisco) and bikeability. Uber and Lyft are present, as is part-day car rental service Zipcar. Serious crime rate is average. Median home price is a sky-high $988,000, and cost of living is 48% above national average. State tax climate for retirees is poor. Air quality is good and physicians per capita rate is way above average. Among the[...]
Tue, 21 Feb 2017 09:07:00 -0500Civil and criminal penalties can apply to your taxes, and some IRS tax forms are more important than others.
Tue, 21 Feb 2017 09:07:00 -0500If Bill Gates is right that robots should pay taxes too, just how will that work? Given the complexity of taxes, perhaps it would carry AI to the next level.
Tue, 21 Feb 2017 09:00:00 -0500529 plans can offer significant benefits for retirees trying to figure out what to do with RMDs (required minimum distributions), allowing them to maintain control and, if necessary, access to the assets, tax-deferred growth, and a gifting legacy.
Tue, 21 Feb 2017 07:45:00 -0500In the U.S., the student loan debt crisis impacts over 44 million borrowers who hold over $1.3 trillion in student loan debt.
Tue, 21 Feb 2017 05:15:00 -0500The third Greek bailout is in crisis as Euros 7 Billion has to be paid by July...once again, Greece does not have the money.