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Hobby Lobby Owner Loses Income Tax Deduction

Tue, 23 Jan 2018 18:14:00 -0500

Trust that owns Hobby Lobby denied refund based on deduction for appreciated property.


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Trump on Trade: Clueless

Tue, 23 Jan 2018 17:45:00 -0500

President Trump and his trade team remain clueless about the economics of trade. Their recent imposition of tariffs on the imports of Chinese solar panels and South Korean washing machines is but the latest evidence of a wrongheaded and dangerous U.S. trade policy.


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Cooperatives May Provide End Run Around Limitations On 20% Business Deduction

Tue, 23 Jan 2018 12:35:00 -0500

Although inserted into tax bill to benefit agriculture, cooperative dividends may vastly expand applicability of the 20% business deduction under Section 199A.


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4 Tax-Free 5% Dividends: 3 To Buy, 1 To Avoid

Tue, 23 Jan 2018 08:36:00 -0500

As I write this, 3 high-yielding funds giving investors over 5% in dividend income. Plus they pay out every month, tax-free.


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The Tax Rules That Have Crypto Users Aghast

Tue, 23 Jan 2018 08:00:00 -0500

Tax attorney Tyson Cross and CPA Jason Tyra discuss all things crypto and taxes, including how you'll be taxed on hard forks and whether you can deduct a loss if you lose your private keys. Plus, they reveal the top crypto tax question.


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Why The WSJ Is Wrong About Long-Term Care Planning

Mon, 22 Jan 2018 17:20:00 -0500

A recent WSJ article on long-term care insurance pushes two important misconceptions and ultimately misses the mark. Long-term care insurance has had issues, impacting many people, but long-term care insurance still plays a valuable role in planning for incapacity and end of life care.


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Your 529 Plan May Not Follow New Tax Law

Mon, 22 Jan 2018 10:37:00 -0500

The Tax Cuts And Jobs Act allows 529 account owners to make federal tax-free withdrawals for higher education, but that doesn't mean every state will follow suit. Find out what the new law might mean for your college savings plan.


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Ask Larry: ​​​​​​Is Previous Income Subject To The Earnings Test?

Mon, 22 Jan 2018 10:04:00 -0500

Today’s column takes up the reach of the earnings test, the timing of spousal benefits, resolving incorrect SSA earnings statements, delaying or filing early and whether a previously low earner can now overpay Social Security payroll taxes to get a larger benefit.


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Congress Blesses Roth IRAs For Everyone, Even The Well Paid

Mon, 22 Jan 2018 08:59:00 -0500

After the new tax law, Roth IRAs make sense for even more retirement savers because Congress blessed backdoor Roths.


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What Could Apple Do With An Extra $207 Billion?

Mon, 22 Jan 2018 08:50:00 -0500

Apple should net $207 billion from bringing back its overseas cash. When you think through the options the bulk should be used for stock buybacks.


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7 Reasons You Might Have Been Turned Down For A Refund Anticipation Loan

Sun, 21 Jan 2018 19:26:00 -0500

Some taxpayers use a tax Refund Anticipation Loan (RAL) to bridge the gap between the first of the year and mid-to-late February. Sometimes, you'll get turned down. If you've been turned down for a tax refund-related loan, it might have been for one of these reasons.


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Ask The Taxgirl: When Do The New Tax Law Changes Go Into Effect?

Sun, 21 Jan 2018 10:50:00 -0500

It's Ask The Taxgirl! Today, we tackle the new tax law and the effective dates.


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Here's What A Federal Shutdown Means For The IRS And Taxpayers

Fri, 19 Jan 2018 19:36:00 -0500

Millions of taxpayers expect to be ready on January 29 when tax season opens, but will the Internal Revenue Service (IRS) be ready? In anticipation of a federal government shutdown, the IRS has prepared a contingency plan for the filing season.


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Tax Cut Suspends Many Deductions For Individuals

Fri, 19 Jan 2018 15:05:00 -0500

The Tax Cuts and Jobs Act suspended or trimmed several cherished tax deductions that individuals count on for savings. So, exactly how bad is it and what can you do about it?


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Jersey Shore's Mike Sorrentino Pleads Guilty To Tax Evasion

Fri, 19 Jan 2018 13:38:00 -0500

As expected, reality TV star Mike "The Situation" Sorrentino and his brother, Marc Sorrentino, pleaded guilty today to violating federal tax laws.


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Retail's Big Show: A Few Key Takeaways

Fri, 19 Jan 2018 12:11:00 -0500

The National Retail Federation's annual "Big Show" provides ample opportunity to see and hear what's new in the industry. Here are a few key takeaways and implications as we move forward in 2018.


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IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs

Fri, 19 Jan 2018 09:37:00 -0500

The IRS issues a taxpayer-friendly answer to a question dogging taxpayers who did Roth IRA conversions in 2017.


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Trump Administration Requests $0 In Funding For Consumer Protection Agency

Fri, 19 Jan 2018 08:31:00 -0500

Acting CFPB Director Mick Mulvaney requests $0 in quarterly funding.


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Ask Larry: ​​What Will My Widow's Benefit Be At Age 64?

Fri, 19 Jan 2018 08:00:00 -0500

Today’s column addresses early widow's benefits, when spousal benefits become available, the Bipartisan Budget Act of 2015, how married couples can sequence benefits and whether to file and suspend.


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What The New Tax Deduction For Pass-Through Businesses Looks Like In Chart Form

Thu, 18 Jan 2018 20:36:00 -0500

It's been nearly a month since President Trump signed the new tax reform bill into law. Figuring out how the new deduction for pass-through businesses will work is challenging. Sometimes it helps to see it as an illustration. Here you go.


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The Downmarketing Of Tax Shelters

Thu, 18 Jan 2018 09:30:00 -0500

The new tax bill is turning Americans into a nation of tax shelter hunters.


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What Are Very Attractive Clients For Trusts And Estates Lawyers?

Thu, 18 Jan 2018 07:27:00 -0500

While difficulties face trusts and estates lawyers, there are also enormous opportunities. Often critical is the ability to focus on particular types of wealthy clients.



Mike 'The Situation' Sorrentino Expected To Plead Guilty To Tax Charges

Wed, 17 Jan 2018 20:21:00 -0500

Reality TV star Mike "The Situation" Sorrentino won't be headed to trial after all. Sorrentino is expected to plead guilty to tax-related charges later this week.


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Apple Says It Will Bring Cash Back To U.S., Pay $38 Billion In Repatriation Tax

Wed, 17 Jan 2018 15:37:00 -0500

Apple, already the largest U.S. taxpayer, says that it anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.


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Ask Larry: ​​​​​​Is My Friend Right About Delayed Retirement Credits?

Wed, 17 Jan 2018 09:27:00 -0500

Today’s column speaks to the wisdom of taking friends' pronouncements about Social Security with large grains of salt, the ability to still suspend a benefit, potential effects of public pensions and delaying retirement benefits after taking widow(er)'s benefits early.


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Real Estate Investment Trusts, Publicly Traded Partnerships And The 20% Business Deduction

Tue, 16 Jan 2018 20:46:00 -0500

REITs and PTPs get special treatment in computing 20% business deduction. Will assets be moving under those umbrellas?


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Ask The Taxgirl: The $10,000 SALT Cap & Vacation Homes

Tue, 16 Jan 2018 16:03:00 -0500

It's "Ask The Taxgirl." Today's question focuses on the $10,000 cap on state and local taxes under the new tax law - and whether it applies to vacation (not rental) property.


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Ask The Taxgirl: Paying Your Taxes With Bitcoin

Tue, 16 Jan 2018 14:04:00 -0500

It's "Ask The Taxgirl." Today's question: Can you pay your taxes with bitcoin?


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How To Get The Biggest Tax Break When You Sell Your Home

Tue, 16 Jan 2018 12:16:00 -0500

If you’re selling your home, odds are you’ll incur a hefty tax bill. Here’s how to lessen the tax bite on the profit from your biggest financial asset.


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Financial Sinkhole States In The Trump Tax Era

Tue, 16 Jan 2018 10:39:00 -0500

What damage will the loss of a deduction do to blue states with stiff taxes?


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How Overdue Taxes Can Jeopardize Passports

Tue, 16 Jan 2018 08:49:00 -0500

Losing your passport could be harrowing. Yet Congress authorized the IRS to notify the state department to do just that for certain tax debts.


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Need A 401(k) Loan? It Just Got Less Dangerous

Tue, 16 Jan 2018 08:45:00 -0500

The new tax law liberalizes 401(k) loan repayment rules, making it safer for workers to take loans from their workplace retirement accounts.


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Ask The Taxgirl: Claiming A Tax Refund When You Owe Tax

Tue, 16 Jan 2018 07:29:00 -0500

It's "Ask The Taxgirl." Today's question focuses on filing an amended tax return when you are expecting a tax refund.


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Why Justice Matters: The Income Tax Trial Of Martin Luther King, Jr.

Mon, 15 Jan 2018 09:14:00 -0500

More than 50 years ago, Dr. Martin Luther King, Jr., a leader in the civil rights movement, was on the receiving end of repeated harassment by tax authorities, including the IRS. He was eventually indicted by the State of Alabama: The result was surprising.


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New, Extreme Tax Implications For U.S. Citizens Who Live Or Have Interests Outside The U.S.

Mon, 15 Jan 2018 09:00:00 -0500

It's possible new tax law provisions were meant to ensnare large foreign corporations that had subsidiaries overseas, however, they also affect ordinary individuals of more modest means.


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What The Wealthy Should Consider Because Of The Higher Estate Tax Exemption Levels

Mon, 15 Jan 2018 06:23:00 -0500

The new tax law is highly advantageous to the wealthy in numerous ways. By reexamining and reworking their estate plans, many of the wealthy will be able to use some highly cost-effective solutions to ensure their loved ones will get meaningfully more of their wealth at their death.



What Is Comprehensive Wealth Protection For The Super-Rich And Single-Family Offices?

Mon, 15 Jan 2018 06:17:00 -0500

For the wealthy, especially the wealthiest of the wealthy, the combination of asset protection planning and family security services are in high demand because their affluence makes them targets.



High-End Wealth Managers Are Embracing Private Placement Life Insurance (PPLI)

Mon, 15 Jan 2018 06:09:00 -0500

Those wealth managers that fail to incorporate the latest super-rich solutions such as private placement life insurance are going to find it harder and harder to compete.



How Trusts And Estates Lawyers Can Profit By Facilitating Super-Rich Solutions

Mon, 15 Jan 2018 06:00:00 -0500

By being knowledgeable concerning super-rich solutions, trusts and estates lawyers are able to both generate substantially more revenues from their own clientele and possibly obtain a very significant number of new wealthy clients from high-caliber financial advisors.



Most Single-Family Offices Outsource To Elite Wealth Planners

Mon, 15 Jan 2018 05:52:00 -0500

While the services performed by elite wealth planner tend to be critical, they are often comparatively infrequent. Therefore, for most single-family offices, it tends to be more cost effective to engage elite wealth planners as needed.



The Positive And Negative Impact Of Tax Cuts For Investors

Sat, 13 Jan 2018 18:21:00 -0500

Investors with significant investment expenses will decry the suspension of that miscellaneous itemized deduction. Investors in pass-through entities may be surprised they might be entitled to a 20% deduction on qualified business income.


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Tax Reform Isn't Over -- Here Come The States

Fri, 12 Jan 2018 15:56:00 -0500

Simmering just beneath the headline federal tax reform plan, state governments are busy at work hatching their own tax reform measures that will soon make the tax landscape even more complex to navigate for big business.


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Counting Cryptocurrency Gains And Losses Without Running Afoul Of IRS Rules

Fri, 12 Jan 2018 13:12:00 -0500

Investing in cryptocurrencies can be a risky and speculative investment option, but with the potential for financial success, comes real and complex tax reporting obligations.


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How Traders Can Get 20% QBI Deduction Under New Tax Law

Fri, 12 Jan 2018 13:08:00 -0500

Traders eligible for trader tax status (TTS) are considering to restructure their business for 2018 to take maximum advantage of the "Tax Cuts and Jobs Act." Two tax benefits catch their eye: The 20% deduction on pass-through qualified business income, and the C-Corp 21% flat tax rate.


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Why 2018 Might Be A Good Year For Stocks

Fri, 12 Jan 2018 11:20:00 -0500

The market looks healthy as we move into 2018, but with such a long bull run, remember that a sell-off could come at any time


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Ask The Taxgirl: The $10,000 SALT Cap & Rental Real Estate

Fri, 12 Jan 2018 10:36:00 -0500

It's "Ask The Taxgirl." Today's question focuses on the $10,000 cap on state and local taxes under the new tax law - and whether it applies to rental real estate.


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Booming Markets Help BlackRock Cross $6 Trillion Mark, Strong Economy Bolsters JPMorgan Profits

Fri, 12 Jan 2018 09:59:00 -0500

Booming stock markets are leading to record profits at BlackRock. The same can't be said for Wall Street giants like JPMorgan, where profits are being carried by ordinary banking activity and the Federal Reserve, not trading.


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Ask Larry: ​​Are Spousal Benefits Really Still Available?

Fri, 12 Jan 2018 09:50:00 -0500

Today’s column addresses who might or might not still be able to get spousal benefits, whether an ex can file on your record and potential options for the cash strapped.


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The IRS's Private Debt Collection Program Once Again Looks Like A Failure

Fri, 12 Jan 2018 08:48:00 -0500

For the third time in recent years, Congress has required the IRS to turn some back taxes over to private firms for collections. An oversight report shows the agency has spent three times more on the program than the firms are collecting and remitting to the Treasury.


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21 Million Taxpayers Will Stop Taking Charitable Deductions Under The New Tax Law

Thu, 11 Jan 2018 15:52:00 -0500

The new law is likely to reduce charitable giving by somewhere in the neighborhood of 5%. And those gifts will come from fewer--and richer--givers.


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IRS Releases New 2018 Withholding Tables To Reflect Tax Law Changes

Thu, 11 Jan 2018 14:43:00 -0500

The Internal Revenue Service (IRS) has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law. The updated tables reflect the new rates for employers to use during the 2018 tax year. Here's what you need to know.


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Here's The Key Economic Indicator You Should Watch In 2018

Thu, 11 Jan 2018 14:04:00 -0500

Wage data will be important this year. It’s really the key to everything.


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3 Ways Artificial Intelligence Can Save The National Football League

Thu, 11 Jan 2018 09:59:00 -0500

It wasn’t that long ago that the NFL was considered infallible. But as the 2017 Playoffs kick off, that era seems like a distant memory. It begs the question: What can the league do to reverse the slide? Here are three ways the league could benefit from the promise of AI and wearable tech.


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Due Dates For Your W-2, 1099 & Other Tax Forms In 2018 (And What To Do If They're Missing)

Thu, 11 Jan 2018 08:03:00 -0500

Tax season is around the corner. If you're looking for your forms W-2 or 1099, here's what you need to know.


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Berkshire Hathaway Names Abel And Jain As Vice Chairmen As Buffett Succession Plans Sharpen

Wed, 10 Jan 2018 17:12:00 -0500

Warren Buffett's $500 billion investing conglomerate has sharpened its succession plans, offering vice chair roles and board seats to Greg Abel, head of Berkshire Hathaway Energy, and Ajit Jain, head of its insurance operations.


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Tax Reform: How Small And Medium Business Owners Can Maximize Tax Savings

Wed, 10 Jan 2018 15:03:00 -0500

Tax reform is now law --what can small and medium business owners do now to maximize their savings under the tax laws.


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Tax Reform: Facts Instead Of Partisan Positioning

Wed, 10 Jan 2018 11:52:00 -0500

Despite the harsh debate, the new tax law draws on bipartisan proposals and makes the code more equitable and more pro growth.


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Ask Larry: Can I Get A Lump Sum Payment?

Wed, 10 Jan 2018 09:37:00 -0500

Today’s column address the availability of lump sum payments, the availability of spousal benefits, divorced spousal benefits before retirement benefits and whether there is a lifetime limit to benefits.


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Many Lawyers Are Going To Become Very Rich Thanks To The New Tax Law

Wed, 10 Jan 2018 06:38:00 -0500

With the new tax law, the demand for legal services will only intensify. For lawyers in well-run firms, a sizable amount of this new business will end up going to their firm’s bottom line and from there into their own pockets.



How High-Net-Worth Accountants Build And Manage Exceptional Teams

Wed, 10 Jan 2018 06:34:00 -0500

In working with the wealthy, you will very likely have to put together and manage a team of specialists. By setting the ground rules and getting everyone’s buy-in, you will be able to ensure that your wealthy clients are being best served and your team is running efficaciously with you in charge.



What Super-Rich Heirs Want Most To Know About Wealth Management

Wed, 10 Jan 2018 06:26:00 -0500

Very few wealthy heirs are going to personally manage their substantial inheritances. Knowing how to find, screen, and work with high-caliber experts is very high on their list of concerns and tends to be their primary concern when it comes to wealth management.



What You Need To Know About Taxes & Cryptocurrency

Tue, 9 Jan 2018 14:03:00 -0500

Cryptocurrency is riding high these days. But even as more investors are taking a chance on digital currency, many are still confused about how to treat it for federal income tax purposes. Here's what you need to know


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5 Questions To Ask Your Estate Planner After The New Tax Law

Tue, 9 Jan 2018 13:01:00 -0500

Answers from your estate planner to these five questions can help you ensure that your estate plan is up-to-date and reflects your wishes.


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Ask The Taxgirl: Flipping Your Tax Refund Strategy To Keep More Of Your Paycheck

Tue, 9 Jan 2018 12:20:00 -0500

It's Ask The Taxgirl! Today's question is focused on flipping your tax refund strategy to keep more of your paycheck.


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Cryptocurrency Traders Owe Massive Taxes On Fat 2017 Gains

Tue, 9 Jan 2018 11:23:00 -0500

I confirmed what the media has been reporting: Coin traders made fortunes in 2017. Now that the 2017 tax-filing season is underway, these traders should gather online tax reports if available, use a coin trade accounting program, and review the latest guidance on tax treatment.


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Contingent Fee Lawyers Dodge Bullet In Tax Reform

Tue, 9 Jan 2018 08:48:00 -0500

Most contingent fee lawyers cover costs of the case until there is a recovery. But the IRS generally says lawyers can't deduct the costs.


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They Won The $1 Billion Jackpot - Here's What's Next

Tue, 9 Jan 2018 08:32:00 -0500

What would you do if you won $1 billion? Here are your next best steps.


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Ask The Taxgirl: Charitable Deductions For Giving Away Free Stuff

Tue, 9 Jan 2018 08:19:00 -0500

It's Ask The Taxgirl! Today: can you claim a charitable deduction on your taxes if you give away free stuff on Craigs List?


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Trump Declares War On Taxpayers In Democratic States

Mon, 8 Jan 2018 13:42:00 -0500

The Republican tax bill departs from tradition to specifically target citizens of Democratic states with higher taxes via the elimination of the deductions for real estate taxes and state and local income taxes, both of which are more important in the coastal states where those taxes are high.


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Ask Larry: ​​​​​​Can My Husband Get Spousal Benefits If I Continue Working?

Mon, 8 Jan 2018 10:33:00 -0500

Today’s column addresses the effect of the earnings test on the availability of spousal benefits, when to apply for widow(er)'s benefits, spousal benefits and public pensions, potential optimal filing times for a married couple and the availability of divorced spousal benefits.


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Dogecoin Explodes To $2 Billion, Reaches All-Time High

Mon, 8 Jan 2018 10:26:00 -0500

This Bitcoin alternative is now worth $2 billion - and has doubled its value in 2 weeks.


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5 Student Loans Resolutions For 2018

Mon, 8 Jan 2018 09:44:00 -0500

Make 2018 the year you ace your student loans.


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$10K State Tax Deduction Cap Prompts Bold Moves To Skirt California Taxes

Mon, 8 Jan 2018 08:50:00 -0500

From New York to California, a $10,000 tax deduction may prompt the states and their residents to take drastic action. Meanwhile, some taxpayers might vote with their feet.


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Five Retirement Housekeeping Moves For The New Year

Mon, 8 Jan 2018 08:47:00 -0500

Do yourself and your family a favor. Update your retirement documents now.


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For Many Of The Global Super-Rich The U.S. Is The Number One Tax Haven

Mon, 8 Jan 2018 07:10:00 -0500

With the incredible growth in the number and affluence of ultra-wealthy individuals and families across the world (with no end in sight), the amount of money from the global super-rich and even those less wealthy flowing into the United States is only going to multiply.



Want To Minimize Your Taxes, Consider Hiring An Elite Wealth Planner

Mon, 8 Jan 2018 06:59:00 -0500

If you want to understand the possibilities in your unique situation, you should consider hiring an elite wealth planner.



Senate Snuck A Tax Break For Subsidy Farmers Into Tax Cuts And Jobs Act

Sun, 7 Jan 2018 16:27:00 -0500

Rule that makes it harder for some wealthy taxpayers to take losses eases up on claiming losses from subsidized agricultural operations.


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To Incorporate Or Not To Incorporate: Breaking Down Your Options Under The New Tax Law

Fri, 5 Jan 2018 21:43:00 -0500

Most provisions of the new tax reform act kicked in beginning January 1, 2018. Taxpayers and tax professionals alike have been mulling what the provisions of the new law might mean - and how to be best get around them. Tops in the minds of many taxpayers: Should I incorporate now to save on taxes?


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You Can Greatly Increase Gifts To Kids -- But Should You?

Fri, 5 Jan 2018 13:22:00 -0500

With the passage of the Tax Cuts and Jobs Act, the lifetime gift tax exemption has doubled, Rob discusses why the decision to pass assets via current gifts is a difficult decision that should be made both deliberately and thoughtfully.


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Will California Bid To Substitute Charitable Contributions For State Taxes Work?

Fri, 5 Jan 2018 12:59:00 -0500

The tax treatment of the proposed California program—and maybe other similarly structured programs in effect in other states—is far from clear. The issue is acute now because the tax classification—implicit tax payment versus bona fide charitable contribution—matters due to the SALT deduction cap.


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The Five New Year's Resolutions Every Tax Professional Should Make

Fri, 5 Jan 2018 11:10:00 -0500

It's 2018: time to make a better you. And while I can't promise you six-pack abs or a whiter smile, I can make you a better tax professional.


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Ask Larry: Will Filing And Suspending Now Allow Spousal Benefits For My Wife?

Fri, 5 Jan 2018 09:26:00 -0500

Today’s column takes up filing and suspending, how benefits for spouses can be sequenced, early retirement benefits before a widow(er)'s benefit, filing early and eligibility for filing a restricted application.


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Tax Reform Winners: 3 Stocks To Buy, 1 To Watch

Fri, 5 Jan 2018 08:12:00 -0500

You and I both know the spoils from the GOP tax plan will go right into shareholders’ pockets—so let’s discuss how we can grab our piece of the action!


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Laws Of Tax Planning Updated For Tax Cuts And Jobs Act

Thu, 4 Jan 2018 18:18:00 -0500

Reilly's Laws Of Tax Planning updated for Tax Cuts And Jobs Act.


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IRS Announces 2018 Filing Season Opens January 29, Reminds Taxpayers About Delayed Refunds

Thu, 4 Jan 2018 14:38:00 -0500

The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 29, 2018. The IRS will begin accepting paper and electronic tax returns that day, with more than 155 million individual tax returns expected to be filed in 2018.


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Brookfield Goes Nuclear: Why You Should Watch The Canadian Giant's Restructuring Work

Thu, 4 Jan 2018 12:50:00 -0500

Dominion Energy and Brookfield Asset Management are stepping into the nuclear mess, hoping to buy big assets on the cheap. For real estate and infrastructure giant Brookfield, Thursday's $4.6 billion deal for Toshiba's bankrupt Westinghouse unit highlights its underappreciated restructuring skills.


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The New 'Qualified Business Income Deduction' Varies Based On Your Business Type - Or Does It?

Thu, 4 Jan 2018 10:50:00 -0500

The new "20% of qualified business income" deduction was intended to benefit owners of sole propietorships, S corporations and partnerships. But a straightforward reading of new Section 199A reveals that all three business types will not be treated equally under the law. Can this be correct?


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20% Deduction - Let The Games Begin

Thu, 4 Jan 2018 09:47:00 -0500

Tax advisers will be gaming the 20% deduction for qualified business income. Let the games begin.


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Tax Reform Changes To Recharacterizations And Roth IRA 2018 Contribution Limits

Thu, 4 Jan 2018 09:19:00 -0500

Tax reform is here and the changes are being felt with Roth IRAs. Lower tax rates could mean increased benefits of Roth tax savings but a popular strategy, recharacterization, that encouraged Roth savings by allowing taxpayers to undo a Roth conversion is no longer available under the new tax laws.


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What You Should Know About Taxation Of Cryptocurrencies

Wed, 3 Jan 2018 11:58:00 -0500

It is crucial to understand how virtual currency transactions are treated for tax purposes. The taxation of cryptocurrencies will likely continue to become a hot topic for many tax practitioners, so we can only hope the IRS will offer additional guidance in the near future.



Here's Why Trump's Tax Plan Might Be Counterproductive

Wed, 3 Jan 2018 10:16:00 -0500

The real impact will be on small and mid-sized businesses—particularly exporters and everyone who competes with imports.


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Housing Outlook 2018: 6 Predictions From The Experts

Wed, 3 Jan 2018 09:34:00 -0500

In 2017 Americans learned to expect the unexpected. This was true in politics, weather and housing. Here are the factors experts are watching to get an idea of where the housing market is headed in 2018.


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Ask Larry: Can I Suspend At 68 After Filing At 66?

Wed, 3 Jan 2018 09:04:00 -0500

Today’s column explores suspending after years of collecting a retirement benefit, the availability of benefit estimates from SSA, the advisability of waiting to file, benefits potentially available based on a spouse's record and options if a former employer didn't withhold SSA taxes from your pay.


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Ironically, Weinstein Tax On Sexual Harassment Settlements May Hurt Plaintiffs Too

Wed, 3 Jan 2018 08:51:00 -0500

The Harvey Weinstein tax may have designed to hurt harassers and their companies. But plaintiffs could face a big tax hit too.


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Another Advantage Of Being Super-Rich...Elite Wealth Planners

Wed, 3 Jan 2018 06:40:00 -0500

One advantage regularly making a monumental difference for the super-rich is their use of elite wealth planners. These experts deftly navigate legal systems and access cutting-edge financial products to mitigate taxes and protect wealth.



Filing Taxes Does Not Have To Be Completely Stressful For Military Families

Wed, 3 Jan 2018 03:30:00 -0500

Like many other things in military life, filing taxes can be quite stressful. Taking time for organizing documents can reduce stress when it is actually time to file.


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7 Steps Employees Can Take to Adapt To The New Tax Law

Tue, 2 Jan 2018 10:00:00 -0500

Here are some steps you can take now to adapt to the new law:


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Middle Market M&A -- Selling A Company? What's My Company Worth? Part 6

Tue, 2 Jan 2018 09:41:00 -0500

Selling a company? There are things that you can do to enhance the sale value of your firm but your buyer is also looking to capture value. When prepping your business for sale, you'll need to weigh this concept and prioritize what you work on.