Month: August 2019

If you’re in the market for a new car, there’s a good chance you’ll find some decent deals during the long Labor Day weekend sales push. With vehicles sitting on lots longer and dealerships eager to make room for next year’s models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive
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A financial advisory firm has been charged by the Securities and Exchange Commission with defrauding former professional football players. Former principals of Cambridge Capital Group Advisors, Philip Timothy Howard and Don Warner Reinhard, allegedly took more than $4 million from around 20 retired NFL players to invest in private hedge funds managed by the Tallahassee,
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The Internal Revenue Service has fired its loudest warning shots yet across the bows of bitcoin investors. In late July, the agency started sending letters to more than 10,000 cryptocurrency holders, warning that they may have violated federal tax laws. This should not have come as a surprise to anyone, but it’s surely creating headaches
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Holiday shoppers at a Target store in Culver City, California. Mark Ralston | AFP | Getty Images Despite retailers banking on acceleration in the fourth-quarter from holiday sales, Wells Fargo said fundamental trends have deteriorated. “While the majority of companies appear optimistic on their ability to drive solid growth in [the fourth quarter of 2019],
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Over the last few weeks, Germany has been debating whether to raise the value-added tax (VAT) on meat. Currently, meat, along with certain other goods and services, faces a reduced VAT rate of 7 percent, compared to the standard rate of 19 percent. Various reasons have been stated in support of such a tax hike, with agriculture’s
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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 takes up suspending at full retirement age after filing early, when it’s possible to reinstate a retirement benefit after suspending it, fishy claims about eligibility to tens of thousands of
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Steel steal; unwise moves; fare trial; and other highlights of recent tax cases. Covington, Louisiana: Denis Joachim, 53, and Donna Joachim, 52, have pleaded guilty for their roles in a scheme to create, market and operate a medical reimbursement program that defrauded the IRS and participants out of more than $48 million. Denis Joachim pleaded
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KTSDESIGN | Science Photo Library | Getty Images Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and
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The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries, covering 17 tax jurisdictions. The report provides tax revenue data from 2007 to 2017 and includes a section on nontax revenue data for selected Pacific economies. Tax revenue as a percent of GDP
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From preparer regulation and Section 199A to the ramifications of the Wayfair decision and the various new versions of the Form 1040, Natonal Conference of CPA Practitioners president Neil Fishman discusses the main issues that the group raised with legislators and regulators in its annual visit to Washington, as well as the topics of concern
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