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Preview: Tax News

Forbes - Taxes

Forbes - Taxes

Copyright: Copyright 2017 Forbes LLC

House Republicans Call Off Vote On Obamacare Replacement Plan

Fri, 24 Mar 2017 16:27:00 -0400

The House has pulled the vote on the American Health Care Act, or "Trumpcare" after it became clear the bill did not have enough support to pass.

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Quadratic Equations And Tax Benefits David Rockefeller In Tax History

Fri, 24 Mar 2017 14:28:00 -0400

David Rockefeller does not show up in nearly as much tax litigation as I thought he might, but the two cases I did find are kind of interesting.

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Tax Court Rejects Challenge To Economic Hardship Regulation

Fri, 24 Mar 2017 12:31:00 -0400

Tax Court rejects a taxpayer’s challenge to an economic hardship regulation and held that non-individual taxpayers could not use economic hardship as a ground to challenge a proposed levy under sec. 6343(a)(1)(D). Rather, sec. 6330(c)(3)(C)’s balancing test can consider the economic consequences.

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Lawyer With Key Evidence In Russian Corruption Scandals Falls From Building Before Testifying

Fri, 24 Mar 2017 12:17:00 -0400

Nikolai Gorokhov, the lawyer representing tax lawyer Sergei Magnitsky's family, is recovering from serious injuries after falling out of a window in his Moscow apartment building. Gorokhov fell just one day before he was scheduled to appear in a Moscow court.

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4 Really Smart Things To Do With Your Tax Refunds

Fri, 24 Mar 2017 09:10:00 -0400

What are you going to do with your tax refund? Here are 4 really smart things to do.

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Are Peer To Peer Loans Right For Your Portfolio?

Thu, 23 Mar 2017 20:02:00 -0400

Peer to peer lending is becoming a more established asset class for investors, but the real test will be how it endures a future recession.

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Tax, Medicaid Tweaks Not Enough As GOP Postpones Vote On Obamacare Replacement

Thu, 23 Mar 2017 16:53:00 -0400

The GOP has delayed a vote on the health care bill intended to repeal and replace Obamacare. The American Healthcare Act (dubbed "Trumpcare") did not have the necessary votes to pass the House.

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As The NCAA Finals Loom, Let Workers Enjoy The Madness (Tax Free!)

Thu, 23 Mar 2017 15:51:00 -0400

March Madness can cost employers potentially billions in lost productivity. But rather than ban basketball at work, Ben Wright, a Ball State marketing professor, believes that companies should embrace it during the NCAA tournament.

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Taxes From A To Z (2017): G Is For GI Bill

Thu, 23 Mar 2017 09:46:00 -0400

It's Taxes From A to Z (2017). Today: G is for GI Bill.

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Tax Avoidance Costs The U.S. Nearly $200 Billion Every Year [Infographic]

Thu, 23 Mar 2017 09:20:00 -0400

Tax avoidance costs the world's economies billions of dollars. In absolute terms, the United States experiences the highest annual tax losses of any country by far with an estimated $189 billion unaccounted for every year.

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IRS Urged To Penalize -- And Prosecute Payroll Tax Violations

Thu, 23 Mar 2017 09:16:00 -0400

Civil and criminal employment tax violations are on the rise, and a watchdog says the IRS should crack down hard.

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5 Tax-Equivalent Yields Up To 10.4%

Thu, 23 Mar 2017 09:15:00 -0400

Tax season can be a cringe-inducing affair with 1040s, 1099s and K-1s and Uncle Sam hovering above, looking for his cut. For investors who have bought into one of the 5 high-yielding funds I want to share with you today, this time of year is a friendly reminder of the greatness of municipal bonds.

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Man Could Face 5 Years For $18M IRS Employment Tax Violation

Thu, 23 Mar 2017 08:50:00 -0400

Payroll tax violations are serious and can mean prosecution and jail.

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Trump Administration Says More Fees For Student Loan Borrowers In Default

Thu, 23 Mar 2017 08:00:00 -0400

The Trump administration issued its first directive on student loans. Find out if the new fees apply to your student loans.

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Should You Invest Your Tax Refund In Oil?

Thu, 23 Mar 2017 05:40:00 -0400

More amateurs are getting into the oil market today. The commodity's volatility makes it an enticing but risky investment for novices, so here are some tools and strategies the pros use and what you need to watch out for.

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In Amended Health Care Bill, GOP Doubles Down On Tax Breaks For The Rich, Reduced Medicaid Funding

Wed, 22 Mar 2017 18:49:00 -0400

The original Obamacare repeal/replace bill was criticized as a tax break for the rich coupled with lost subsidies for the poor. The GOP responded by doubling down, amending the plan to accelerate tax breaks for the rich and further reduce Medicaid funding.

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China Private Education IPO Climbs 9% Upon Hong Kong Listing

Wed, 22 Mar 2017 11:51:00 -0400

Latest in series of education industry IPOs welcomed by investors

In Search Of Votes, GOP Makes Changes To Plan To Repeal & Replace Obamacare

Wed, 22 Mar 2017 10:25:00 -0400

The GOP's plan to repeal and replace Obamacare has been met with criticism, so in an effort to win votes, Congress went back to work. The new proposal has a number of changes that could affect taxpayers.

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7 College Savings Plans For Socially-Conscious Investors

Wed, 22 Mar 2017 08:30:00 -0400

Socially-conscious investors have a plethora of options available to them in SMAs and retail mutual funds, but what about college savings? Here are seven 529 college savings plans that offer options for those investors.

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How Smaller Boutique Hedge Funds Win Mandates From Single-Family Offices

Wed, 22 Mar 2017 02:36:00 -0400

Single-family offices continue to invest in hedge funds. For hedge fund managers that want to generate mandates from single-family offices, a willingness to negotiate terms and fees as well as being “tax smart” is usually quite important.

Getting To Know You Tuesday: Jonathan Mariner

Tue, 21 Mar 2017 20:38:00 -0400

It's Getting To Know You Tuesday! Today's tax professional is Jonathan Mariner, former Chief Financial Officer and Executive Vice President, Finance, for Major League Baseball.

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The Dollar Used To Rally With Stocks. That It Stopped May Signal Problems

Tue, 21 Mar 2017 15:19:00 -0400

"The dollar seems to have priced in a watered-down version of Trump's agenda,"

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Grab The Saver's Credit: A 50% Retirement Savings Match!

Tue, 21 Mar 2017 10:00:00 -0400

If you’re a young worker, just starting to save for retirement, or an older part-timer, catching up, you just might qualify.

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Trump's Leaked Return Shows Why We Need An AMT

Tue, 21 Mar 2017 08:37:00 -0400

The AMT prevents someone who earned $150 million, for example, from owing just 3% in taxes.

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What's In President Trump's Tax Returns?

Mon, 20 Mar 2017 18:01:00 -0400

What's in Donald Trump's tax returns? Some interesting things, for sure, but not the detailed financial information his detractors imagine.

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