Subscribe: Forbes.com: Tax News
http://www.forbes.com/taxes/index.xml
Added By: Feedage Forager Feedage Grade B rated
Language: English
Tags:
benefits  bill  cuts jobs  cuts  income  jobs act  new  reform  senate  tax bill  tax cuts  tax reform  tax  taxes 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: Forbes.com: Tax News

Forbes - Taxes



Forbes - Taxes



Copyright: Copyright 2017 Forbes LLC
 



What The 2018 Tax Brackets, Standard Deductions, And More Look Like Under Tax Reform

Sun, 17 Dec 2017 20:15:00 -0500

Curious about those 2018 tax brackets (with new tax rates!) under the final tax reform bill? Here's a peek at 2018 tax brackets, standard deduction amounts and more under tax reform.


Media Files:
https://blogs-images.forbes.com/kellyphillipserb/files/2017/12/Single_2018_CONF.jpg?width=0&height=600




Tax Reform And AMT: What You Should Know

Sun, 17 Dec 2017 17:14:00 -0500

Your taxes, as well as the rest of your financial life, are like a set of dominoes. Changing one piece almost inevitably affects others. This is especially true when it comes to the Alternative Minimum Tax (AMT), which under the new bill remains in place but will undergo significant changes.


Media Files:
https://blogs-images.forbes.com/brianthompson1/files/2017/12/Calculating-Taxes.jpg?width=0&height=600




How To Enjory The Tax Cuts And Jobs Act - Part 2

Sun, 17 Dec 2017 16:55:00 -0500

What do college football and sexual harassment have in common? They are both addressed in the Tax Cuts And Jobs bill.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/872161738/0x600.jpg?fit=scale




Tax, Finance And Inadmissibility Advice For Immigrants

Sun, 17 Dec 2017 14:55:00 -0500

Individuals seeking to immigrate to the United States can face important challenges such as tax, finance and inadmissibility issues. This article provides practical how-to advice and shares the know-how of some experts on these themes to help immigrants make a smooth transition to the United States.



Trust In Stockmarket 'Greater Than Bitcoin' But Not By Much - Survey

Sun, 17 Dec 2017 11:48:00 -0500

A survey on consumer attitudes towards Bitcoin in the U.S. has revealed that while those canvassed across the nation still had more in the stockmarket than the leading cryptocurrency by market capitalization, the gap is fairly narrow. And most respondees were only willing to invest $1,000 or less.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/41730755/0x600.jpg?fit=scale




GOP Problem: Americans Like Tax Cuts, But Hate Tax Avoiders

Sun, 17 Dec 2017 10:40:00 -0500

The biggest problem with this Republican tax bill — albeit one that may not reveal itself to the public for a while — is the numerous opportunities it creates for creative tax planning and aggressive avoidance.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/893596710/0x600.jpg?fit=scale




How To Enjoy The Tax Cuts And Jobs Act

Sun, 17 Dec 2017 10:23:00 -0500

How to navigate the Conference Committee report on the Tax Cuts And Jobs Act to find the funny and interesting parts.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/593390606/0x600.jpg?fit=scale




The New 2018 Federal Income Tax Brackets & Rates

Sun, 17 Dec 2017 07:18:00 -0500

Here are the 2018 federal income tax brackets, standard deduction, credits, and itemized deductions based on the new GOP tax plan.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/892408528/0x600.jpg?fit=scale




Qualified Business Income Is Key Provision To Tax Cuts And Jobs Act

Sat, 16 Dec 2017 21:48:00 -0500

Tax Cuts And Jobs Act creates the new concept of qualified business income which allows a large special deduction. It will be a great boon to small independent businesses.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/1189eb5c34bb4faaa4cbe83c90621a33/0x600.jpg?fit=scale




Security Camera Catches Holiday Package Theft On American Middle Class

Sat, 16 Dec 2017 12:24:00 -0500

When it was originally presented by President Trump and the Republicans, the GOP tax cut plan was framed as a broad-based cut for everyone with a major emphasis on reducing the burden on the middle class. It didn't stay that way. Cartoon by Joe Heller.


Media Files:
https://blogs-images.forbes.com/cartoonoftheday/files/2017/12/171211HellerExcerpt-500x500.jpg?width=0&height=600




Tax Reform And The Desirability Of Interest Barriers

Sat, 16 Dec 2017 09:00:00 -0500

Here are two things we know about tax reform, and one thing we don’t.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/893596732/0x600.jpg?fit=scale




The Tax Bill Is Finalized: Who's Happy, And Who's Not?

Sat, 16 Dec 2017 08:21:00 -0500

The final tax law is here, and it appears the bill will pass by the middle of next week. Who should be happy, and who shouldn't?


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/893596692/0x600.jpg?fit=scale




It's Beginning To Look A Lot Like Tax Reform: Here's What's In The Final Version

Fri, 15 Dec 2017 21:30:00 -0500

We appear to have a deal on taxes. From changes to the home mortgage interest deduction to what wasn't included in the charitable donation deduction, here's what's in the final tax reform bill.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/893596732/0x600.jpg?fit=scale




Meet The New Small Business Owners -- Your Employees!

Fri, 15 Dec 2017 16:30:00 -0500

Like water finds its own level, income seeks the lowest tax rate — here's how lawyers and CPAs will get it there.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3926/pt_3926_1417_o.jpg?t=1513373403




Corporate Tax Pros Already Prepping for Tax Reform

Fri, 15 Dec 2017 16:21:00 -0500

The tax bill making its way to the President’s desk contains no shortage of complicated details. Implementing these reforms at a major multinational corporation is a mammoth undertaking. So how do tax professionals at those big businesses feel about the plan, and what are they doing now to prepare?


Media Files:
https://blogs-images.forbes.com/joeharpaz/files/2017/12/trumps-500x500.jpg?width=0&height=600




Ask Larry: ​​Was I Misinformed By SSA?

Fri, 15 Dec 2017 10:04:00 -0500

Today’s column addresses wrong information from SSA, filing after divorce, evaluating hearsay about COLAs, the availability of spousal benefits and the conversion of a disability benefit to a retirement benefit at FRA.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




Even Leftist Scots Understand Low Tax Rates Are Better

Fri, 15 Dec 2017 09:15:00 -0500

When income tax is high government revenue falls.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3748/pt_3748_2468_o.jpg?t=1513347307




What Tax Reform Really Means For 529 Plans

Fri, 15 Dec 2017 06:00:00 -0500

The latest version of the Tax Cuts and Jobs Act includes a provision to allow 529 savings plans to be used to pay for K-12 expenses. Here's how this could affect how families pay for private elementary and high school.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_5204/pt_5204_18_o.jpg?t=1513335604




12 Days Of Charitable Giving: Helen Keller International

Thu, 14 Dec 2017 22:51:00 -0500

It's the third day of my 12 Days of Charitable Giving for 2017. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today's charity is Helen Keller International.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/356ceee0ee484b68bd343482648a9383/0x600.jpg?fit=scale




The December 31 Deadline For A Clever Roth IRA Move

Thu, 14 Dec 2017 21:11:00 -0500

Here’s a way to boost your last-gasp deduction for state taxes.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/483995569/0x600.jpg?fit=scale




IRS Announces 2018 Mileage Rates Even Though Tax Reform Talks May Limit Use

Thu, 14 Dec 2017 14:51:00 -0500

The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates. They are effective beginning January 1, 2018 - even if some of them might not be applicable to taxpayers under the current tax reform proposals.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/2164d50cfc094c399ab0a57026b5b5d5/0x600.jpg?fit=scale




Tax Cuts And Jobs Act Might Mean More Woman Partners

Thu, 14 Dec 2017 12:59:00 -0500

Tax Cuts and Jobs Bill is shaping up to encourage professional firms to make more partners.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/38639036/0x600.jpg?fit=scale




Some Last Minute Gift Ideas That Make Solid Financial Sense

Thu, 14 Dec 2017 12:50:00 -0500

Don't just give a sweater this year. Give a gift that is thoughtful and could also be financially savvy!


Media Files:
https://blogs-images.forbes.com/kristinmerrick/files/2017/12/xmas-tree-2016-e1513273608512-1200x1600.jpg?width=0&height=600




Will Tax Cuts Really Grow The Economy? Judge For Yourself

Thu, 14 Dec 2017 10:11:00 -0500

It's hard to disagree with James Pethokoukis of AEI, who said on December 7, “Republicans shouldn’t expect tax cuts to pay for themselves. Or even come close.”



12 Days Of Charitable Giving 2017: SecureFutures

Wed, 13 Dec 2017 19:25:00 -0500

It's the second day of my 12 Days of Charitable Giving for 2017. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today's charity is SecureFutures.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/695332690/0x600.jpg?fit=scale




Terms & Other Tidbits You Need To Know: Your Guide To Understanding Tax Reform

Wed, 13 Dec 2017 16:55:00 -0500

You can't go anywhere these days without hearing about those tax proposals. Tax law can be tricky. If you don't know your personal exemption from your standard deduction, or your Schedule A from your Schedule C, I've got you covered. Here's what you need to know:


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/874209858/0x600.jpg?fit=scale




Planning To Sell Your House? The Tax Reform Bill May Make You Reconsider

Wed, 13 Dec 2017 13:37:00 -0500

Currently homeowners pay no taxes on capital gains from the sale of their home on up to $250,000 ($500,000 for married taxpayers). The proposed tax bill may change that.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/752498260/0x600.jpg?fit=scale




The Senate's Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers

Wed, 13 Dec 2017 12:52:00 -0500

The Senate version of the Tax Cuts and Jobs Act would cut taxes much more for business owners than for workers making the same income.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/886455378/0x600.jpg?fit=scale




How To Rent Out Your Vacation Home And Not Get Slammed By The IRS

Wed, 13 Dec 2017 12:12:00 -0500

Want to rent out your vacation home? You’d better know the tax rules first. Here’s a handy guide.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/37573441/0x600.jpg?fit=scale




The Largest U.S. Charities For 2017

Wed, 13 Dec 2017 09:45:00 -0500

United Way Worldwide still leads the list, but contributions continue a long decline.


Media Files:
https://blogs-images.forbes.com/williampbarrett/files/2017/12/charities-2-1200x675.jpg?width=0&height=600




Why 2017 Is The Year To Give To Charity (If You Want A Tax Break)

Wed, 13 Dec 2017 09:45:00 -0500

Check out these three ways to get a bigger tax break and amplify your charitable donations, in light of the tax cuts bill.


Media Files:
https://blogs-images.forbes.com/ashleaebeling/files/2017/12/Bush-Photo-2-crop-300x205.jpg?width=0&height=600




The Senate's Tax Cuts And Jobs Act Would Do Little For Families With Children

Wed, 13 Dec 2017 09:33:00 -0500

The Senate version of the Tax Cuts and Jobs Act provides minimal-and temporary-assistance to low- and moderate-income families with children. Since almost all of the individual provisions of the TCJA expire after 2025, many families with children would owe more under the TCJA than under current law.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/891109030/0x600.jpg?fit=scale




Ask Larry: Can I File On My Ex's Earnings Record?

Wed, 13 Dec 2017 09:17:00 -0500

Today’s column examines the availability of divorced spousal benefits, the earnings test, getting enough insured quarters to be eligible for a retirement benefit, foreign pensions and the WEP and sequencing available benefits.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




4 Solid Ways To Give Wisely This Holiday Season

Wed, 13 Dec 2017 09:15:00 -0500

There is such a thing as a bad charity. Here's how you can avoid them.


Media Files:
https://specials-images.forbesimg.com/imageserve/693976840/0x600.jpg?fit=scale




California Taxes Already Prompt Moving Then Selling, No Deduction Could Mean Exodus

Wed, 13 Dec 2017 08:55:00 -0500

Moving to avoid California's taxes is already a big trend. Just imaging if state income taxes are no longer deductible.


Media Files:
https://specials-images.forbesimg.com/imageserve/706803160/0x600.jpg?fit=scale




Will Trump's Corporate Tax Cuts Send Ripples Through Asia?

Tue, 12 Dec 2017 21:00:00 -0500

The United States is looking to slash its corporate tax rate from 35% to 20%. How will Asian economies react?


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_5227/pt_5227_103_o.jpg?t=1513130402




12 Days Of Charitable Giving 2017: Respite Care Charleston

Tue, 12 Dec 2017 18:02:00 -0500

It's the first day of my 12 Days of Charitable Giving for 2017. Readers have suggested deserving charities over the past few weeks, and I’ll be posting one a day for – well, 12 days (I’m clever that way). Today's charity is Respite Care Charleston.


Media Files:
https://blogs-images.forbes.com/kellyphillipserb/files/2017/12/Paul2.jpg?width=0&height=600




For Tax Matters Use The United States Postal Service And Don't Cut It Too Close

Tue, 12 Dec 2017 13:52:00 -0500

When facing tax deadlines, particularly with the Tax Court, don't cut it close and use the United States Postal Service all the way through.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/725402791/0x600.jpg?fit=scale




Tax Cut And Jobs Act's Phase-Ins, Phase-Outs And Sunsets Do Not Make A Pretty Picture

Tue, 12 Dec 2017 11:57:00 -0500

The Senate version of the Tax Cuts and Jobs Act is full of delayed effective dates, early repeals and phase-outs. It won't make the tax code any simpler.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/844165658/0x600.jpg?fit=scale




Alternatives Rising: California's Three Bell Capital

Tue, 12 Dec 2017 10:58:00 -0500

Three Bell Capital ranked #1 on the Top 100 Emerging Wealth Management Firms by RIA Channel.


Media Files:
https://blogs-images.forbes.com/juliecooling/files/2017/12/Screen-Shot-2017-12-12-at-10.51.37-AM.jpg?width=0&height=600




Goldman's Green Inspiration? The Marketplace

Tue, 12 Dec 2017 05:00:00 -0500

For Goldman Sachs, environmental sustainability is driving new business opportunities. On Monday evening, the firm's over $1 trillion asset management business launched an ETF that will track an index of companies possessing " just business behavior" as determined by Paul Tudor Jones' Just Capital.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3492/pt_3492_13201_o.jpg?t=1513072806




Generous 401(k) Matches Helped Scott Scherr Build The Ultimate Software Stock

Tue, 12 Dec 2017 05:00:00 -0500

From generous 401k matches to fully covered healthcare and unlimited paid time off, Ultimate Software CEO Scott Scherr has created one of Wall Street's best performing stocks by putting workers first.


Media Files:
https://blogs-images.forbes.com/antoinegara/files/2017/12/Scott-Scherr-US-Issac-Baldizon-NBAE-via-Getty-Images-1.jpg?width=0&height=600




Vexatious Litigation Penalties Upheld Against The Courtroom Commando

Mon, 11 Dec 2017 21:59:00 -0500

Ninth Circuit upholds Tax Court sanction against Donald "Mac" MacPherson, the Courtroom Commando.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/591482411/0x600.jpg?fit=scale




New Study Uncovers Secrets In Pending Tax Bill

Mon, 11 Dec 2017 13:27:00 -0500

Whether you love or hate the tax bill soon to receive President Trump’s signature, knowing about its hidden problems and opportunities could play a major role in determining everything from your own personal finances to the outcome of the 2018 elections.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/41702046/0x600.jpg?fit=scale




Ask Larry: ​​​​​​Can I Report My Income In My Wife's Name?

Mon, 11 Dec 2017 09:51:00 -0500

Today’s column addresses the advisability of reporting personal income in another person's name, filing at 62, potential benefits after remarriage, the effect of public pensions on Social Security benefits and how married couples might sequence benefits.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




Bitcoin Investors Hunt For Transfers That Aren't Taxable

Mon, 11 Dec 2017 08:50:00 -0500

With 1031 exchanges soon unavailable, Bitcoin investors may be looking for other non-taxable transfers.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/886861500/0x600.jpg?fit=scale




13 Tips For Making Your Charitable Donation Tax-Deductible In 2017

Mon, 11 Dec 2017 08:47:00 -0500

A tax deduction for charitable giving isn't guaranteed just because you're feeling generous. As with everything in tax law, it's important to follow the rules. Here are 13 tips for making your charitable donation count in 2017.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/712481086/0x600.jpg?fit=scale




The GOP Super-Gift To The Rich And Super-Rich

Mon, 11 Dec 2017 07:25:00 -0500

When complexity is increased as what will happen because of the new tax law, unintended consequences will develop. Elite wealth planners are going to dissect the tax law and will undoubtedly find strategies that will be highly useful to the rich and super-rich.



A Roth IRA At Age 15, Thanks To The Parent Match

Mon, 11 Dec 2017 07:00:00 -0500

How to give your kids a head start on retirement saving.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_964/pt_964_15164_o.jpg?t=1512993611




Former IRS Investigator Joe Banister Loses Appeal Of Aiding And Abetting Penalties

Sun, 10 Dec 2017 21:18:00 -0500

Joseph Banister KPMG accountant, turned IRS investigator, turned anti-tax activist loses appeal on aiding and abetting penalties.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/277e2462d58f4e049019a2b09e2767e4/0x600.jpg?fit=scale




4 Yields Up To 7.2% About To Enjoy Tax-Cut Bliss

Sun, 10 Dec 2017 08:48:00 -0500

The idea is that U.S. corporations will use this tax windfall to hire more people, and many likely will … but that’s not the only place that money is going. You can expect that cash to be plowed into dividends, buybacks, R&D and M&A.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3961/pt_3961_1985_o.jpg?t=1512913683




Deadline For Donor-Advised Funds

Fri, 8 Dec 2017 14:51:00 -0500

A quick guide to the economics of charitable giving pools from Fidelity and other brokers.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/f630eba0dc6d495693462e2619712b06/0x600.jpg?fit=scale




Tax Court IRS And Secret Law

Fri, 8 Dec 2017 13:34:00 -0500

Tax Court's lack of remote electronic transparency is disturbing.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/529677793/0x600.jpg?fit=scale




Like Learning? You'll Hate The House Tax Bill

Fri, 8 Dec 2017 13:14:00 -0500

The House and Senate are sitting down to merge their respective tax bills into a final piece of legislation. If you're a fan of education, you'll be rooting for the Senate bill to triumph when it comes to the incentives available to students and teachers.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/37722783/0x600.jpg?fit=scale




How Small-Business Owners Can Keep Good People: Offer Better Retirement Plans

Fri, 8 Dec 2017 10:11:00 -0500

To keep employees happy, many small business owners use SIMPLE IRAs as retirement plans. But many would be a lot better off shifting to 401(k)s. Here's why.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/519309598/0x600.jpg?fit=scale




It's Actually Okay To Completely Ignore Bitcoin's 1,400% Rally

Fri, 8 Dec 2017 09:47:00 -0500

If you haven't noticed, Bitcoin is up over 1,400% this year. Here's how to avoid feelings of FOMO that could actually destroy your financial plans.


Media Files:
https://blogs-images.forbes.com/antoinegara/files/2017/10/960x0.jpg?width=0&height=600




Ask Larry: ​​Can I Still Restrict My Application?

Fri, 8 Dec 2017 09:38:00 -0500

Today’s column addresses restricted applications, whether it's possible to file for an early retirement benefit while delaying a spousal benefit, the availability and calculation of spousal benefits and the amount and availability of widow(er)'s benefits.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




House And Senate Tax Bills Bar Lawyer Tax Write-Offs For Costs

Fri, 8 Dec 2017 08:54:00 -0500

Contingent fee lawyers must usually front all costs, but usually cannot write off the costs on their taxes until the very end of the case. Congress is about to make this harsh rule even more pervasive.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/2293972a54074e4687b45d8e2847a325/0x600.jpg?fit=scale




What The Revised Tax Bill Means For Women in Business

Fri, 8 Dec 2017 00:34:00 -0500

The GOP tax plan could allow corporations to write off highlighters, while teachers can't. See how policy changes could impact the careers that people pursue.


Media Files:
https://blogs-images.forbes.com/jennaarnold/files/2017/12/Screen-Shot-2017-12-06-at-11.15.54-PM.jpg?width=0&height=600







Tax Reform Hurts Hospital Financing, Patients Will Bear The Cost

Thu, 7 Dec 2017 10:14:00 -0500

In the new tax law, people focus on the new individual rates: will it save or cost them money? But other provisions, like those affecting hospital bond financing, may end up costing you more than your tax cut saves.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/763058656/0x600.jpg?fit=scale




Regulations And Politics Rain On Pharma M&A Parade

Thu, 7 Dec 2017 09:35:00 -0500

Deals are getting smaller despite competitive pressures to scale up.



2 Great Tax Plan Buys For Yields Up To 10%

Thu, 7 Dec 2017 09:08:00 -0500

As income investors react to the new tax plan, it’s a good bet that some are overreacting to certain aspects of it. They always do...


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3961/pt_3961_1982_o.jpg?t=1512655684




UAE Hits Back After Being Included In European 'Tax Haven' Blacklist

Thu, 7 Dec 2017 07:32:00 -0500

The UAE is one of 17 countries named in a new list of non-compliant tax jurisdictions by the European Commission.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/648388888/0x600.jpg?fit=scale




Is The U.S. At Risk Of Losing Its Auto Industry To China?

Wed, 6 Dec 2017 17:14:00 -0500

This past July, Volvo stunned the automotive industry. Starting in 2019, every new car the company launches will have an electric motor, a move that seemed preposterously aggressive for a company that was on the brink of bankruptcy as recently as 2010. But Volvo had a wild card: China.


Media Files:
https://blogs-images.forbes.com/joeharpaz/files/2017/12/volvo-tests-viability-of-the-c30-bev-15188_1-500x500.jpg?width=0&height=600




The Fed Might Shrink To Two Members In 2018

Wed, 6 Dec 2017 10:46:00 -0500

Sometime in January or by February 3, the Board of Governors might drop to only three members: Powell, Brainard and Quarles.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/376235257/0x600.jpg?fit=scale




Obstruction Question To Be Decided As Criminal Tax Case Goes To Supreme Court

Wed, 6 Dec 2017 10:34:00 -0500

Marinello v. United States is the first criminal tax case to be argued at the Supreme Court for nearly a decade. Here's what's at stake.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/41758613/0x600.jpg?fit=scale




Ask Larry: Will Retirement Benefits At 62 Reduce My Wife's Widow's Benefit?

Wed, 6 Dec 2017 09:53:00 -0500

Today’s column addresses the effect of filing for an early retiement benefit on a later widoe(er)'s benefit, the calculation of spousal benefits, the earnings test in the FRA year and filing after divorce.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




House Republicans May End Student Loan Forgiveness

Wed, 6 Dec 2017 08:02:00 -0500

This new GOP bill may end public service loan forgiveness.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_4804/pt_4804_1852_o.jpg?t=1512565325




Hidden Benefits And Drawbacks Of The Senate Bill

Wed, 6 Dec 2017 08:00:00 -0500

The Tax Cuts and Jobs Act is being pushed through Congress, for good or ill. The Senate version of the bill pulls back on many of the aggressive changes impacting college savers and attendees that had been proposed by the House version.


Media Files:
https://blogs-images.forbes.com/brianboswell/files/2017/12/Forbes-Hidden-Benefits-Square-500x500.jpg?width=0&height=600




What The New Fed Leader Could Mean For The Economy

Tue, 5 Dec 2017 14:23:00 -0500

President Trump selected a non-economist to run the Fed. What might that mean for the average consumers’ pocketbook?


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/881789258/0x600.jpg?fit=scale




7 Take-Aways From Senate's Tax Cuts And Jobs Act

Tue, 5 Dec 2017 11:25:00 -0500

The Senate's tax bill is big and complicated. To understand it, just focus on seven key elements.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/ad272b237c9744c9b5df1c01d95f0671/0x600.jpg?fit=scale




Paradise Papers: Are There Any Revelations?

Tue, 5 Dec 2017 11:22:00 -0500

The perennial cat and mouse game between the taxpayer and tax collector is here to stay.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/871832082/0x600.jpg?fit=scale




Forget 'Location, Location, Location' When Making Retirement Housing Decisions

Tue, 5 Dec 2017 10:02:00 -0500

Housing wealth remains U.S. retirees' largest untapped and mostly forgotten retirement income source. The reason? Because American's don't think of the home as a strategic financial tool but rather as a sentimental object that needs to be protected.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3015/pt_3015_960_o.jpg?t=1512486124




Why Bank Presidents Could Rule The Fed Next Year

Tue, 5 Dec 2017 09:40:00 -0500

So we are setting up a situation where the 2018 FOMC will be split along two axes: governors/bank presidents and economists/non-economists.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/624397298/0x600.jpg?fit=scale




Collecting Gross-Up Damages For Taxes In Litigation Gets Easier

Tue, 5 Dec 2017 08:53:00 -0500

Getting extra damages for tax consequences is often difficult, but it is getting easier, as recent cases show.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/753897343/0x600.jpg?fit=scale




Four Impacts Of GOP Tax Legislation On Weather Forecasts And Research

Tue, 5 Dec 2017 08:50:00 -0500

There are four ways GOP tax legislation could affect weather forecasts, climate research, and hurricane recovery. Here they are.


Media Files:
https://blogs-images.forbes.com/marshallshepherd/files/2017/12/wikicommons_Atlanta_Lightning_Strike_edit1.jpg?width=0&height=600




Trump Touts The Stock Market And Tax Reform: Is It Time To Sell The News?

Mon, 4 Dec 2017 20:44:00 -0500

The Dow and S&P 500 gave up most or all of their initial gains today. Stocks are overbought so it may be time to sell the tax reform news.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/885622008/0x600.jpg?fit=scale




Despite Changes, Senate Tax Cut Still Mostly Benefits Business And High-Income Households

Mon, 4 Dec 2017 16:31:00 -0500

The Senate made lots of changes before it passed its tax bill, but in important ways it looks the same as when it got to the floor: Over 60% of the benefits go to the highest-income 1% of households while nearly half of all households would pay more in taxes than they would under current law.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/8a199b54d4c14cefb3f98469133282dc/0x600.jpg?fit=scale




Flow-Through Relief - Senate Version Of Tax Bill Is Much Better For The Little People

Mon, 4 Dec 2017 11:56:00 -0500

Both House and Senate bill provide break for flow-through income. Senate bill is much better for lower income taxpayers.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/884986910/0x600.jpg?fit=scale




The Republican Plan To Raise Your Capital Gains Taxes

Mon, 4 Dec 2017 10:14:00 -0500

The Republican tax bill actually raises capital gains taxes while promoting mutual fund companies at the expense of individual stockholders. Here's how:



Bitcoin Tax Troubles Get More Worrisome

Mon, 4 Dec 2017 08:52:00 -0500

As IRS gets access to Coinbase accounts, more Bitcoin gains are going to face tax scrutiny, and minimizing the damage is going to be important.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/763963351/0x600.jpg?fit=scale




DMX Tax Fraud Guilty Plea Cut 44 Year Prison Exposure To 5 Years

Mon, 4 Dec 2017 08:32:00 -0500

Rapper DMX gets a bargain, trading one count of tax fraud for the 14 he faced, and reducing what could have been up to 44 years of prison to a maximum of 5 years.


Media Files:
https://specials-images.forbesimg.com/imageserve/b89efc5887334797b8591e161b5a598a/0x600.jpg?fit=scale




Valuable Research And Development Tax Credits Available For Startups

Mon, 4 Dec 2017 08:00:00 -0500

Startups are now eligible to capture and claim significant and valuable tax credits to help offset the cost of development and innovation.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_4409/pt_4409_1901_o.jpg?t=1512392416




As The Tax Bill Is Finalized, Landlords Have Much At Stake

Mon, 4 Dec 2017 08:00:00 -0500

The Senate's passing of its tax bill is not the end of the road for tax reform; the House and Senate must now come together on a final piece of legislation. There are some significant differences, and one group in particular -- owners of rental properties -- have a lot at stake.



Ask Larry: ​​​​​​How Is The Earnings Test Applied?

Mon, 4 Dec 2017 07:32:00 -0500

Today’s column addresses the earnings test, getting accurate benefit estimates, benefits for wives and children other than survivor benefits, whether to file and suspend and the possibility of sequencing benefits under the new law.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




From Tax Rates To Deductions: Comparing The House & Senate Bills To Current Law

Sun, 3 Dec 2017 17:57:00 -0500

The Senate passed their version of tax reform this week. Here's how their version differs from the House version - and from current law.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/ad272b237c9744c9b5df1c01d95f0671/0x600.jpg?fit=scale




Will GOP Cut Social Security And Medicare Before Or After The 2018 Election?

Sun, 3 Dec 2017 07:00:00 -0500

Trump and Republicans in Congress are going to try and make big cuts in Social Security and Medicare. The only real question is whether they try to do it before or after the 2018 election.


Media Files:
https://blogs-images.forbes.com/thumbnails/blog_3040/pt_3040_2217_o.jpg?t=1512302403




Setting Up The Best Trading Entity For Tax Cuts

Sat, 2 Dec 2017 16:39:00 -0500

I envision most TTS traders using an S-Corp for 2018 to unlock employee-benefit plan deductions. They may qualify for the 23% pass-through deduction if their taxable income is under the upper-income threshold. A high-income trader living in a corporate-tax-free state should consider a C-Corp.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/883747864/0x600.jpg?fit=scale




Winners And Losers Of The Senate Tax Bill

Sat, 2 Dec 2017 12:21:00 -0500

The Senate passed HR 1 late last night, clearing the final hurdle to once-in-a-generation tax reform. But who wins under the Senate bill, and who loses?


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/885714176/0x600.jpg?fit=scale




Senate Republicans Pass Tax Reform Bill After Late Night Vote

Sat, 2 Dec 2017 09:04:00 -0500

Senate Republicans got a win last night when the final version of their tax reform bill passed, 51-49. The vote was largely along party lines: only one Republican, Sen. Bob Corker (R-TN), voted against it, and no Democrat voted in favor.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/41744280/0x600.jpg?fit=scale




Realtors Predict Tax Bill Will Cause Housing Prices To Drop In Every State

Fri, 1 Dec 2017 13:07:00 -0500

Republicans in the Senate have announced that they believe they have enough votes to move their latest version of the tax reform bill forward. The National Association of Realtors (NAR) is warning that the bill will cause housing prices to drop.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/869051822/0x600.jpg?fit=scale




In Legislative Limbo

Fri, 1 Dec 2017 12:26:00 -0500

I write this as the sun is rising on Capitol Hill. It’s a brisk Friday morning, the first day of December. Senators should already have flown home for their five-day weekends. But Elizabeth MacDonough and Tom Barthold have made that impossible.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/881632228/0x600.jpg?fit=scale




Ask Larry: ​​What's The Maximum Benefit Amount?

Fri, 1 Dec 2017 09:41:00 -0500

Today’s column takes up maximum payable benefit amounts, taking spousal benefits after FRA, retroactive benefits, requirements for eligibility for a divorced spousal benefit and how filing for retirement benefits might affect eligibility for a spousal benefit.


Media Files:
https://blogs-images.forbes.com/kotlikoff/files/2017/05/Forbes-SSA-logo.jpg?width=0&height=600




History Lesson For GOP: An Unpopular Tax Cut May Not Save You In 2018

Fri, 1 Dec 2017 08:03:00 -0500

The GOP is in a tax panic. Pressured by donors and worried about the 2018 midterm election, party leaders have convinced themselves that a tax cut is vital to their political survival. The unseemly result?


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/875021958/0x600.jpg?fit=scale




Tax Court Examines Origin-Of-The-Claim Test

Thu, 30 Nov 2017 18:07:00 -0500

In a recent case, the Tax Court examined the origin-of-the-claim test and considered the issue of the deductibility of legal fees associated with seeking a return of allegedly overpaid alimony.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/517239512/0x600.jpg?fit=scale




Meghan Markle & Prince Harry Filing Taxes Separately? Here's Why

Thu, 30 Nov 2017 08:58:00 -0500

The worldwide reach of the IRS could reach into the royal family if Meghan Markle and Prince Harry are not very careful.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/880233434/0x600.jpg?fit=scale




IRS Nabs Big Win Over Coinbase In Bid For Bitcoin Customer Data

Wed, 29 Nov 2017 22:58:00 -0500

The IRS has notched a win in its battle for data from Coinbase. The IRS may legally investigate Coinbase account holders who may not have paid federal taxes on their virtual currency profits, but the scope of the summons has been dramatically narrowed.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/866164346/0x600.jpg?fit=scale




PNC Christmas Price Index Predicts Holiday Cheer, Not Prices, On The Rise This Year

Wed, 29 Nov 2017 17:22:00 -0500

It's beginning to look at lot like Christmas! If you're in the mood for some holiday shopping, here's how much purchasing all the gifts in the classic carol "The 12 Days of Christmas" will cost you according to the 34th PNC Christmas Price Index.


Media Files:
https://specials-images.forbesimg.com/dam/imageserve/765274141/0x600.jpg?fit=scale