Some things remain constant even in a tax year like 2018, such as the need to learn to skills to expand a practice. Tax practitioners report that a number of fresh certifications, designations and credentials are appealing to them as clients’ needs change. “By this time next year, I expect to have completed the requirements
Month: December 2018
Key Findings A tax expenditure is a departure from the normal tax code that lowers a taxpayer’s burden, such as an exemption, deduction, or credit. The list of tax expenditures in a tax system depends heavily on what one considers the normal tax code to be. Some tax expenditures are special preferences for particular kinds
AB Bernstein downgraded technology stocks to “market weight” from “modest overweight,” citing potential headwinds including high valuations and trade tensions. In the meantime, some tech names with losses as much as 50 percent over the past six months have become very attractive, said a team of tech analysts at Bernstein, who recommend picking up cheap
Medical advances are supposed to mean we all live longer. In the U.S., however, the outlook isn’t so clear. For the first time in 50 years, life expectancy dropped for the second year in a row. Between 1980 and 2014, most of the country saw a boost in life expectancy, according to Amy R. Kessler,
Source: AdobeStock.com How did my 5 ETFs do versus the famous cryptocurrency during 2018? It is the holiday season. That means three things to me: Good cheer Family and friends Settling a friendly non-financial wager with some friends about Bitcoin During this week in 2017, I relayed in this column a discussion I had with
A crowdfunded Moon mission has seen its space dreams grind to a halt after falling foul of tax collectors. Lunar Mission One (LM1) raised over a million dollars of funding on Kickstarter back in 2014, riding a resurgence of interest in space exploration. But a large portion of that funding was lost when the British
President Donald Trump pledged that his tax law would kill off breaks and complex loopholes for the wealthy. Instead, the overhaul has ushered in a new generation of maneuvers that taxpayers can exploit before Dec. 31 to minimize next year’s bills. Some tactics capitalize on provisions in the law that provide benefits, such as a
Four things need to occur for the stock market to break out of its downtrend, CNBC’s Jim Cramer said as stocks plunged in Monday’s trading session on worries about an expected interest rate hike from the Federal Reserve. “Now that pretty much everything’s in bear market territory, maybe in a bear market, what’s the formula
When you hear the market has suffered a big drop, your first instinct is probably to check your investment account balances. But that is actually the opposite of what you should do, according to Dan Ariely, chief behavioral economist at Qapital, a provider of a personal finance mobile app, and professor of behavioral economics at
Kuldip Pabla says it’s a misconception that senior adults “do not like or want technology,” and that error alone has caused the development of technology for older adults to lag behind that of younger people. Pabla is the senior vice president of engineering for K4Connect, a technology company that creates smart solutions for older adults
Tax Optimization in RetirementGetty Earlier this year Fidelity reported that the number of 401K millionaires hit an all time high of 168,000 and the number of IRA millionaires hit 156,000. Now that the 76 million Baby Boomers are starting to retire and reach the age of Required Minimum Distributions - planning for tax efficiently drawing down their savings
Tesla Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018, crossing the threshold that, according to the Internal Revenue Service, triggers a phase-out of the tax credit available for purchasers of new Tesla plug-in electric vehicles beginning Jan. 1. Qualifying vehicles by
This week is the first anniversary of the passage of the Tax Cuts and Jobs Act. The first meaningful reform to the federal tax code in a generation, the Tax Cuts and Jobs Act was historic, but it was not perfect. A year after its adoption, it’s important to take a step back to review
Goldman Sachs is fighting back against criminal charges from the Malaysian government, saying it was the victim of deceptive Malaysian officials in a scandal that has rocked the bank’s shares this year. The bank was criminally charged Monday by Malaysian authorities for its role in creating the state investment fund known as 1MDB. It’s the
About one-third of workers say that they have received a raise in the past year. And if you live in certain areas of the country, your chances of being one of them are greater. That is according to Prudential’s latest American Workers Survey, which was conducted online in November. The report found that 32 percent
United Mine Workers of America President Cecil Roberts speaks during the rally on Capitol Hill in Washington, Thursday, Sept. 8, 2016. Thousands of unionized mine workers and supporters rallied to push for a bill that would protect health-care and pension benefits for about 120,000 former coal miners and their families. (AP Photo/Jose Luis Magana)ASSOCIATED PRESS
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses questions about the necessity of filing and suspending, the availability of both Social Security and VA widow’s benefits, effects of state pensions on benefits, disability benefits through time and
In a much-anticipated move, the California Department of Tax and Fee Administration announced last week that out-of-state retailers who sell above certain thresholds will have to start collecting California use taxes on their sales into the state, starting April 1, 2019. Since the landmark Supreme Court decision in South Dakota v. Wayfair last finding that
Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. “Once this volatility shows that we’re not going to resume the
Trying to pull yourself out of student debt? You could spend less, earn more – or move to Newburgh Heights, Ohio. The 2,000-person town, less than 10 miles from Cleveland, is offering to help college graduates pay off their student debt. For struggling borrowers, don’t expect a quick fix. Here’s how it works: You need
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