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Cost Segregation Consultant Subjected To Severe IRS Penalties

Mon, 19 Feb 2018 07:15:00 -0500

Aggressive cost segregation report leads to five years of penalties on single report for tax consultant/engineer.


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The Best Tax Software

Mon, 19 Feb 2018 05:57:00 -0500

In the last five years, we’ve put five tax-preparation software services to the test. After conducting more than 80 hours of research, we’re still confident in recommending TurboTax as our top pick for individuals who file their own taxes.


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The Top 10 Lies In The Trump Budget

Sun, 18 Feb 2018 07:00:00 -0500

The Trump 2019 budget was based on so many half-truths and outright lies that its credibility was destroyed right from the start. Here are the top 10.


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How A Charitable Trust Could Save Your IRA

Fri, 16 Feb 2018 17:18:00 -0500

You can provide security for your heirs, make an IRA last for years after you, solve several estate planning problems, and help a charity. All you have to do is join the growing trend of naming a charitable trust as beneficiary of your traditional IRA.


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High-Tax States Reach For Gimmicks

Fri, 16 Feb 2018 15:46:00 -0500

Tax reform has driven high-tax states to reach for gimmicks in an effort to help their wealthy residents hold onto a federal tax benefit. Their efforts seem either doomed to failure or will succeed only at great cost.


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United Capital Breaks Through $20 Billion In Assets

Fri, 16 Feb 2018 14:13:00 -0500

Joe Duran, Founder and CEO, United Capital spoke with Julie Cooling, CEO, RIA Channel on the key aspects of what has made United Capital so successful over the years. The firm has bought and partnered with several RIA firms, and helps to fuel their growth with what Duran calls his “secret sauce”.


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Selling Your Business In 3 To 5 Years? Buy Another Company Now - Part 2

Fri, 16 Feb 2018 13:51:00 -0500

The financial case has been made as to why you should buy another firm. However, once you have decided to acquire, this is the decision that you must absolutely get right.



Appeals Filed On Ruling That Exemption Of Clergy Housing Allowances Is Unconstitutional

Fri, 16 Feb 2018 11:59:00 -0500

Appeals filed on ruling that tax exemption for clergy housing allowances unconstitutional.


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Ask Larry: ​​Full Spousal After Reduced Retirement Benefits?

Fri, 16 Feb 2018 10:09:00 -0500

Today’s column addresses how benefits can be sequenced for married couples, payment of Medicare premiums, the availability of divorced widow(er)'s benefits, restricted applications and non-covered pensions.


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Why Being A Millionaire Isn't Such A Big Deal Now

Fri, 16 Feb 2018 07:16:00 -0500

Why it’s no great distinction to be a millionaire these days. A million bucks ain’t what it used to be.


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2018 Tax Refund Chart Can Help You Guess When You'll Receive Your Money

Thu, 15 Feb 2018 16:34:00 -0500

Looking for your tax refund? Here's a chart of projected refund dates, along with information that you need to know about your tax refund.


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Cryptocurrency Tax Evasion, Other Illicit Activity Frequent, Says CFTC Chair Giancarlo

Thu, 15 Feb 2018 12:07:00 -0500

Tax evasion and other illicit activities are going on to a great extent in cryprocurrencies, CFTC Chair Christopher Giancarlo told a Senate Agriculture Committee meeting today. The members sometimes seemed on edge talking about Bitcoin and their ilk.


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Miami Developer Denied Large Loss Due To S Corporation Basis Issues

Thu, 15 Feb 2018 11:18:00 -0500

Homero Meruelo's large loss on foreclosed project denied due to poor documentation of S corporation basis.


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Credit Heavyweight Ares Management Shakes Up The Private Equity World And Sees Its Stock Surge

Thu, 15 Feb 2018 11:10:00 -0500

Ares Managment's conversion to a corporation could change private equity forever, evidenced by its 13% surge on Thursday.


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Do You Need To Pay Tax On Your Social Security Benefits?

Thu, 15 Feb 2018 09:01:00 -0500

At the end of last year, nearly 67 million people collected a Social Security check. The majority of those beneficiaries (47 million) were over the age of 65. Each year, many seniors grapple with whether any or all of those benefits are taxable. Here's what you need to know.


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2018 Tax Guide To MLPs

Wed, 14 Feb 2018 21:03:00 -0500

Master limited partnership investors are going to get a 20% deduction. How does it work?


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This Valentine's Day, President Trump Learns Wall Street Is A Fickle Lover

Wed, 14 Feb 2018 16:37:00 -0500

To keep the stock market climbing President Trump will need to continue to provide Wall Street with concessions such as access to mineral rights on public lands, selling federal properties such as airports and roads, and cutting back on federal regulations that protect consumers and the environment.


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Calling The IRS? Be Prepared To Prove Who You Are

Wed, 14 Feb 2018 15:53:00 -0500

With tax refund scams on the rise and identity theft a pressing concern, be prepared to answer more questions when you reach out to the Internal Revenue Service (IRS).


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Ask Larry: Is My Bonus Subject To The Earnings Test?

Wed, 14 Feb 2018 09:50:00 -0500

Today’s column examines how bonuses are treated by the earnings test, sequencing retirement and spousal benefits, some potential ramifications of filing and suspending and how widow(er)'s benefits are calculated.


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The Fiscal Disarmament Of President Trump And The GOP

Wed, 14 Feb 2018 09:41:00 -0500

Big tax cuts and big new spending mean big deficits, and they will disarm Washington when the next recession comes.


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Why The New Tax Cut Will End Up Hurting Us

Wed, 14 Feb 2018 08:19:00 -0500

When the next recession comes, and it will, the tax cut will prove to be a hindrance to fighting it. Here’s why.


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IRS Issues Urgent Warning On New Tax Refund Scam - And It's Not What You'd Expect

Tue, 13 Feb 2018 17:51:00 -0500

Shutterstock Just when you thought you'dread about all of the tax scams: The Internal Revenue Service (IRS) is warning taxpayers about anew - and growing - scam involving erroneous tax refunds being deposited into real taxpayer bank accounts. Then the crooks use various tactics to con taxpayers into turning over the [...]


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Billionaire Jon Gray, Architect Of Blackstone's $115B Real Estate Business, Named President

Tue, 13 Feb 2018 15:26:00 -0500

Jonathan Gray built Blackstone's powerhouse $115 billion real estate business. Now he's going to run the private equity giant's day-to-day operations, putting him atop the list to lead the firm one day.


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Can WhatsApp's P2P Payments Become A Meaningful Business?

Tue, 13 Feb 2018 14:43:00 -0500

Facebook’s messaging app WhatsApp is testing P2P (peer-to-peer) payments in India. If successful, the company could potentially expand the feature globally across its 1.5 billion monthly active users. This has the potential to be an extremely valuable business;


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What To Do With Your College Savings In Bear Markets

Tue, 13 Feb 2018 13:59:00 -0500

Was the recent market correction a one-time deal, or the beginning of a bear market? Regardless, now is a good time to reassess your college savings strategy. Here we look at prudent responses in the face of uncertainty.


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Treasury Proposes To Strike Nearly 300 Tax Regulations

Tue, 13 Feb 2018 12:16:00 -0500

The U.S. Department of the Treasury has proposed the repeal of nearly 300 tax regulations that are "unnecessary, duplicative or obsolete and force taxpayers to navigate needlessly complex or confusing rules." Tax Regulations are considered the official interpretation of the Tax Code.


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Forbes Fintech 50 2018: The Future Of Personal Finance

Tue, 13 Feb 2018 09:45:00 -0500

These start-ups are changing the way we save, invest, borrow and insure our belongings.


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The Best Way For Trusts And Estates Lawyers To Source New Wealthy Clients

Tue, 13 Feb 2018 06:26:00 -0500

Referrals from satisfied clients are the way most trusts and estates lawyers source most of their new clients. However, referrals from non-competing professionals turn out to be the way they predominantly obtain their best wealthy clients.



The Three Biggest Mistakes The U.S. Wealthy Make When Moving Abroad

Tue, 13 Feb 2018 06:17:00 -0500

Without question, for the rich and super-rich of theUS moving abroad, creative jurisdictional planning can be an effective way to address a number of interconnected wealth planning concerns. However, a large percentage of the wealthy are not effectively evaluating their potential opportunities.



Top 10 Tips To Help You Conquer Tax Season

Mon, 12 Feb 2018 16:02:00 -0500

Tax season is here but before you start stressing, read these ten tips. From what's changing and when in tax laws to how to maximize your retirement contribution and see tax benefits, these tips will keep you sane and save you money.


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How To Give Charitable Gifts - And Avoid Paying Tax - In 2018

Mon, 12 Feb 2018 14:26:00 -0500

There was a ton of excitement about the new tax law passed at the end of 2017, but the changes brought about by the law will certainly impact your charitable giving. How can you continue to give to your favorite cause, without losing some of the tax benefits?


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Ask Larry: ​​​​​​What If My Spouse Is Jailed?

Mon, 12 Feb 2018 09:05:00 -0500

Today’s column examines the Social Security ramifications of having a spouse jailed, which month to start benefits, what to do at 70 after filing and suspending, switching from survivor's to retirement benefits retroactively and options if you think you benefit has been calculated inaccurately.


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3 Ways To Save For Retirement At Tax Time

Mon, 12 Feb 2018 08:00:00 -0500

There’s still time to boost your retirement savings for 2017—and maybe cut your tax bill.


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Cooperative Glitch In Tax Bill May Mean Food Fight In Congress

Sun, 11 Feb 2018 21:01:00 -0500

Behind closed doors efforts to fix unintended tax benefit for farmers may fall apart.


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Two Things To Consider Before Making Up Your Mind About Trump's Tax Plan

Sun, 11 Feb 2018 13:36:00 -0500

If we dig a bit deeper, we can identify two core values behind the plan, both consistent with a long tradition from the right of center. Once these are understood, forming an informed opinion on the plan—which will be an important task for Americans in the coming years—becomes possible.


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The 5 Biggest Losers From The 2018 Budget Deal Are...

Sun, 11 Feb 2018 07:00:00 -0500

The five biggest losers of last week's big budget deal are already easy to identify.


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If You've Already Filed, Here's What You Need To Do About Those Tax Extenders

Sat, 10 Feb 2018 10:13:00 -0500

As of last week, the Internal Revenue Service (IRS) had already received 18,302,000 tax returns and had processed 17,931,000; that number is likely double by now. If you've already filed your tax return and think you might be affected by the tax extenders provisions, here's what you need to do.


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Trump's Federal Budget Deficit: $1 Trillion And Beyond

Fri, 9 Feb 2018 20:30:00 -0500

There are very different views between the Trump administration and non-partisan organizations on the trajectory of yearly U.S. deficits.


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Congress In Budget Rolls Out Red Carpet For Tax Whistleblowers

Fri, 9 Feb 2018 15:22:00 -0500

Red carpet rolled for tax whistleblowers in recent change to mandatory tax whistleblower law included in budget bill -- that confirms that whistleblowers can be awarded for blowing whistle on illegal offshore accounts and criminal activities.


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Budget Bill: Tax Benefits For Architects, Engineers And Contractors -- 179D

Fri, 9 Feb 2018 14:37:00 -0500

Included in the budget bill is a one year extension of Section 179D -- an important tax break for architects, engineers and construction companies working on federal, state and local government buildings and state colleges and universities.


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Ask Larry: ​​Should My Wife Restrict Her Application To Spousal Benefits Only?

Fri, 9 Feb 2018 09:37:00 -0500

Today’s column examines the advisability of a restricted application, whose income the earnings test applies to, the availability of spousal benefits, survivor's benefits and work and what, if anything, happens to benefits after stopping work before 66.


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Budget Deal Revives Expired Individual Tax Breaks For Homeowners, Students And Environmentalists

Fri, 9 Feb 2018 07:24:00 -0500

Congress has reinstated individual tax breaks that didn’t make it into the December tax overhaul, meaning tax savings for your 2017 tax return.


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Tax Facts Mixed With IRS Tax Fiction You Need To Know For The 2018 Tax Season

Thu, 8 Feb 2018 22:03:00 -0500

The 2018 filing season kicked off on January 29, 2018. Here's a mix of facts and fiction - including tax refund information - to help you navigate the tax season.


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Florida Man Sticks Ex With Tax Bill - Tax Court Helps A Little

Thu, 8 Feb 2018 21:07:00 -0500

Wife subject to verbal and financial abuse can only get partial relief from Tax Court.


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Financial Pros And Cons Of Getting Married Late In Life

Thu, 8 Feb 2018 11:49:00 -0500

Getting married late in life has some financial advantages and disadvantages. Here's advice on the subject from financial advisors.


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This Budget Deal May Be The End Of The House Freedom Caucus

Thu, 8 Feb 2018 10:30:00 -0500

The House Freedom Caucus, the ultra-conservative group of Republicans that has often tormented Congress, may effectively cease to exist if the new budget deal is enacted.


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Why Buying An iPhone In India Just Became Even More Expensive

Thu, 8 Feb 2018 02:54:00 -0500

Apple has announced that it will increase the cost of iPhones in India by an additional 3%. The price increase comes just days after the Indian government announced it was increasing import duties on mobile phones and other related accessories.


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How To Decide If A C-Corp Is Appropriate For Your Trading

Wed, 7 Feb 2018 15:07:00 -0500

With the new tax law, don’t focus solely on the federal 21% flat tax rate on the C-Corp level. There are plenty of other taxes, including capital gains taxes on qualified dividends, state corporate taxes in 44 states, and accumulated earnings tax assessed on excess retained earnings.


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Ask Larry: Are Benefits At 6 Months Before FRA Reduced?

Wed, 7 Feb 2018 10:16:00 -0500

Today’s column responds to reader questions about reductions for filing early, public pensions and survivor benefits, suspending after FRA, the availability of survivor benefits and sequencing benefits available to a spouse.


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Tax Stratagem For A Volatile Market

Tue, 6 Feb 2018 16:47:00 -0500

Make the IRS chip in for your roller-coaster ride.


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Starving The Beast? The Tax Cuts And Jobs Act Seems To Be Feeding It

Tue, 6 Feb 2018 11:40:00 -0500

Despite the fervent wishes of some conservatives and the great fears of some liberals, the 'starve-the-beast' theory of government is flawed: Tax cuts don't lead to spending reductions. Case in point: President Trump and the GOP-controlled Congress are set to hike spending in grand fashion.


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Tax-Cut Foolishness: Why Companies Paying Bonuses Are Wasting Their Money

Tue, 6 Feb 2018 09:30:00 -0500

Lowe’s joins a couple of dozen other large companies who will channel some of their tax-cut windfalls into bonuses. Here’s what the effect of these bonuses on the workforce is likely to be. Virtually everyone, we can assume, will welcome the extra money. Then they will divide into three groups.


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Tax Geek Tuesday: How Does The New Limitation On Deducting Business Interest Expense Work?

Tue, 6 Feb 2018 07:55:00 -0500

In this Tax Geek Tuesday, we take a look at the new limitation on the deduction for business interest.


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How Trusts And Estates Lawyers Can Profit By Addressing the Adverse Impact Of Great Wealth On Heirs

Tue, 6 Feb 2018 06:51:00 -0500

Private client lawyers, working with high-net-worth families who are having troubles due to being very wealthy, have many opportunities, less than one in five of the lawyers in our study are focused on this matter.



Why The Super Rich Pay Elite Wealth Planners Top Dollar

Tue, 6 Feb 2018 06:48:00 -0500

When evaluating the benefits the super-rich receive by working with elite wealth planners all in alignment with their wishes, the fees they charge are regularly bargains.



Evolving Versions Of Single-Family Offices

Tue, 6 Feb 2018 06:42:00 -0500

Single-family office model – in response to the evolving requirements of the ultra-wealthy – are going to continue to adapt. For the foreseeable future, single-family offices will likely maintain their core structure and the way they can be configured will enable them to stay at the cutting-edge.



Illinois Handing Struggling Cities A Lifeline Or An Anchor?

Mon, 5 Feb 2018 11:43:00 -0500

Prudence may not be the first word that comes to mind when you think of an Illinois politician. But prudence might be just what’s needed now that the State of Illinois has approved a new borrowing tool for its cities.


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Ask Larry: ​​​​​​Will Going Back To Work End My Benefits?

Mon, 5 Feb 2018 09:27:00 -0500

Today’s column examines when spousal benefits can become available, taking spousal benefits before retirement benefits, sequencing benefits for married couples or after a divorce and when it might be best to switch from a survivor's benefit to a retirement benefit.


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The New Employer 401(k) Match: How Generous Is Your Boss?

Mon, 5 Feb 2018 08:00:00 -0500

Your boss might put more into your retirement account this year — if you pony up more too.


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Farmer Tax Break May Help Doctors And Lawyers - And House Cleaners - Among Others

Sun, 4 Feb 2018 15:26:00 -0500

Senators meant to give farmers a modest tax break. Instead they made farming virtually tax-free , disrupted markets, gave a break to worker cooperatives and created a loophole for professionals. What's not to like?


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Tax Refund Challenge: Walking Two Moons Into A Millennial's Wallet

Sat, 3 Feb 2018 14:58:00 -0500

As the 2017 tax season has kicked off, I took the tax refund challenge based off last year's tax refund check average, and provided millennials with how I would allocate my tax refund check to my current lifestyle. You never really know someone until you've walked two moons in their shoes.


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Thanks To Taxes, Minnesota Could Be The Real Winner Of Super Bowl LII

Sat, 3 Feb 2018 11:10:00 -0500

On Sunday, the Philadelphia Eagles will face down reigning Super Bowl champions New England Patriots in a fight for football greatness. But the real winner of the day may be Minnesota - thanks to taxes.


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Five Things You Need To Know About Identity Theft And Tax Returns

Fri, 2 Feb 2018 14:41:00 -0500

With tax season in full swing, identity theft related tax fraud has become a hot topic. While taking steps to protect yourself from identity theft is always smart, it's important that you don't get too caught up in the hype. Here are five things you need to know about identity theft and tax returns.


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Impact PartnersVoice: Triumph, Trouble And Tips: How The 2018 Tax Changes May Affect Retirees

Fri, 2 Feb 2018 11:22:00 -0500

Donald Trump’s Tax Cuts and Jobs Act of 2017 has many retirees wondering how their charitable giving might affect their taxes. Explore how your taxes might be affected with financial professional Abe Ashton!


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Ask Larry: ​​How Much Will My Wife Get If She Files Now?

Fri, 2 Feb 2018 09:16:00 -0500

Today’s column addresses the calculation of spousal benefits, the earnings test, filing before FRA and times when filing and suspending a retirement benefit could be a huge mistake.


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Apollo And Blackstone Pick Insurance As Their Next Bet To Disrupt Wall Street

Thu, 1 Feb 2018 16:22:00 -0500

Private equity giants like Apollo and Blackstone are eyeing insurance as their next big disruption of Wall Street.


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Joy Ford May Sing The Tax Court Blues

Thu, 1 Feb 2018 15:01:00 -0500

Country music singer Joy Ford's losses from Bell Cove not allowed by Tax Court.


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As Tax Season Opens, IRS Issues Reminders About W-2 Identity Theft Scam

Thu, 1 Feb 2018 07:49:00 -0500

Tax forms were due to most taxpayers yesterday (click here for more about due dates) but that doesn't mean that scammers are taking a break. The Internal Revenue Service (IRS) continues to remind taxpayers about a form W-2 phishing scam that could make the rounds again in 2018.


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Two Good Reasons You Should Donate Your Tax Return To Gender Equality

Wed, 31 Jan 2018 23:51:00 -0500

Giving a % of your tax return back to women and girls' initiatives this year could be transformational for them and for your family.


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Why Huge Earnings Write-Downs At JP Morgan, Goldman, Citi, And UBS Are Actually Good News

Wed, 31 Jan 2018 11:09:00 -0500

Only in the world of tax can a $4.4 billion hit to quarterly earnings be good news. But there are two primary reasons why these seemingly huge losses aren’t really losses at all: Repatriation and the reverse logic of net operating losses (NOL).


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Ask Larry: Would Early Retirement Benefits Lower Widow's Benefits Later?

Wed, 31 Jan 2018 11:01:00 -0500

Today’s column examines the effect of early retirement benefits on later widow's benefits, waiting past FRA for spousal benefits, available benefits and strategies for married couples and retroactive filing.


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Trump's Infrastructure Plan Is A Shell Game

Wed, 31 Jan 2018 10:31:00 -0500

In infrastructure, as in life, there is no free lunch. By proposing a $1.5 trillion spending plan with only a small amount of federal money, President Trump is shifting the responsibility down to governors and mayors to raise the money from the same place all spending is funded: our wallets.


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Your Guide To Navigating Taxes As A Freelancer

Wed, 31 Jan 2018 01:29:00 -0500

You don't need to know exactly how to file your taxes (that's what your accountant is for), but there are things you can do to be prepared.


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Small Biz IRAs, Bitcoin Rules Forecast As 2018 Pocketbook Priorities For State Legislatures

Tue, 30 Jan 2018 13:58:00 -0500

More small businesses could be offering workers IRAs as a result of legislation likely to be considered by state legislatures this year. The legislatures may also on the cusp of imposing the first Bitcoin rules in their states


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Selling Your Business In 3 To 5 Years? Buy Another Company Now

Tue, 30 Jan 2018 13:13:00 -0500

As you consider selling your company in 3 to 5 years, the last think on your mind is buying another firm. But, it might be the single best financial decision you ever make regarding your business.


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Tax Cut Cash May Be Trash

Tue, 30 Jan 2018 11:43:00 -0500

A sudden influx of cash from a tax cut might not sound like a problem. Many companies, though, will find themselves boxed in by market forces and corporate finance theory as they try to figure out how to use the money.


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Healthcare Stocks Plunge As Buffett, Bezos And Dimon Team Up To Fight "Tapeworm" Costs On Economy

Tue, 30 Jan 2018 09:54:00 -0500

Three of America's biggest and most powerful companies, Amazon, JPMorgan and Berkshire Hathaway, are joining forces in an effort to cut healthcare costs.


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5 Powerful Ways To Make More Money In 2018

Tue, 30 Jan 2018 08:02:00 -0500

Here's your money action plan for 2018.


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A Longtime WestRock Bull Cheers Its $4.9 Billion Takeover Of KapStone Paper

Mon, 29 Jan 2018 19:29:00 -0500

Here's why a long-time WestRock bull believes its $4.9 billion takeover of Kapstone Paper will be a big winner for shareholders after Monday's selloff.


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Your Tax Refund And The Psychology Of A Windfall

Mon, 29 Jan 2018 14:42:00 -0500

Millions of Americans will receive a tax refund this year. But how we regard that refund could very well determine how we treat it — including whether we spend, save or invest it.


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The New Tax Law's Really, Really Big Postcard

Mon, 29 Jan 2018 13:57:00 -0500

Supporters of the new tax law say you'll be able to file on a postcard. But the law appears to eliminate fewer than a half-dozen lines on the Form 1040 that now has 98 lines and boxes.


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2018: A Good Year For The Market, Just Not 2017

Mon, 29 Jan 2018 12:32:00 -0500

Can the stock market top its magnificent 2017 showing? Likely not: Expect a solid if less awe-inspiring 2018.


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Separating Myth And Reality Of How Cryptocurrencies Are Taxed And Regulated

Mon, 29 Jan 2018 12:23:00 -0500

Taxpayers should be diligent and precise when reporting cryptocurrency gains or losses to the IRS and should be cautious when taking aggressive tax positions.



Income Stocks With A Trump Tax Bonus

Mon, 29 Jan 2018 10:28:00 -0500

Real estate investment trusts are going to be surprisingly good to you at tax time.


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Ask Larry: ​​​​​​Can I Get Spousal If My Wife Suspends?

Mon, 29 Jan 2018 10:22:00 -0500

Today’s column addresses requirements for spousal benefits, filing in light of the new law, the soundness of advice to file early, filing in light of the family maximum and when grandchildren can receive benefits on a worker's record.


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Tax Refund Challenge: When Things Don't Go As Planned

Mon, 29 Jan 2018 09:12:00 -0500

Tax season opens today. If you received a tax refund check, how would you spend it? Here's my answer.


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Direct Deposit Your Tax Refund Into Retirement Savings

Mon, 29 Jan 2018 09:00:00 -0500

Instead of spending your tax refund, consider depositing it directly into an IRA or HSA.


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IRS Forms 1099 Impact Your Taxes, But Don't Ask For Missing 1099s

Mon, 29 Jan 2018 08:44:00 -0500

IRS Forms 1099 tell the IRS about payments you received in 2017. Pay attention to each one.


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How Trusts And Estates Lawyers Can Tremendously Profit By Maximizing Client Relationships

Mon, 29 Jan 2018 07:15:00 -0500

The Whole Client Model enables trusts & estates lawyers to obtain a deep understanding of their wealthy clients. By knowing the possibilities presented by different fact patterns, more opportunities to create high levels of client satisfaction and generate more business are very, very likely.



How The Super-Rich Find Elite Wealth Planners

Mon, 29 Jan 2018 07:11:00 -0500

Getting referrals from high-end professionals and doing some homework, such as determining if the professionals you are talking with are thought leaders, will probably enable you to realize many of the same legal and financial advantages as the super-rich.



How To Dramatically Increase Law Firm Profitability By Running The Firm As A Business

Mon, 29 Jan 2018 07:04:00 -0500

The demand for legal services is considerable and growing. Those law firms that are run as businesses will be able to better help their clients and dramatically profit.



Loophole May Allow Highly Paid Professionals To Take Advantage Of 20% Deduction

Sun, 28 Jan 2018 09:16:00 -0500

The special 20% business deduction is not allowed for high-income people in the fields of health, law and several other, but the treatment of cooperative dividends creates a loophole that some of them may exploit.


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As Tax Season Kicks Off, Here's What's New On Your 2017 Tax Return

Sat, 27 Jan 2018 14:14:00 -0500

With tax season for the 2017 tax year just around the corner, taxpayers want to know what's new for 2017. Here's what you need to know about changes to your 2017 tax returns (the one you'll be filing beginning on Monday).


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Billionaire Steve Wynn's Net Worth Falls By $250 Million After Sexual Misconduct Allegations

Sat, 27 Jan 2018 11:00:00 -0500

Billionaire Steve Wynn saw his net worth fall by $250 million after Wynn Resorts' stock plunged 10% in the wake of a Wall Street Journal alleging the casino mogul has harassed women workers for years.


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More Than Half Of Americans Don't Have These Essential Estate Documents, Do You?

Fri, 26 Jan 2018 11:02:00 -0500

There’s more to estate planning than tax avoidance for the old and rich. Here is my breakdown of the essential estate planning documents Millennials need.


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Ask Larry: ​​What Will My Wife's Widow's Benefit Be?

Fri, 26 Jan 2018 10:33:00 -0500

Today’s column examines how widow(er)'s benefits are calculated, how spouses might sequence benefits, the calculation of spousal benefits, restricting an application after a divorce and filing options for a married couple with a significant age difference.


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Bitcoin IRS Tax Amnesty...Sort Of

Fri, 26 Jan 2018 08:55:00 -0500

IRS is after Bitcoin and other cryptocurrency investors, and tax audits and prosecutions are looming. Yet with no 'official' IRS amnesty, addressing tax compliance can be scary.


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