Month: November 2019

Share to facebook Share to twitter Share to linkedin The deal might be a defensive play, but could also see shareholders from both companies benefit. Getty Images Topline: With Charles Schwab announcing it will acquire TD Ameritrade for $26 billion, most analysts will celebrate the massive scale of the merger, but the all-stock transaction suggests
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When it comes to federal spending, the devil remains in those details. House and Senate negotiators have agreed on the top-line numbers for each of the 12 government funding bills for fiscal year 2020. They hope to iron out the details before the newest stopgap funding bill expires on December 20. Sticking points include, as ever,
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Passengers entering customs at Miami International Airport, ranked among the bottom five for immigration processing by Airside Mobile. JodiJacobson | iStock Unreleased | Getty Images If you’re traveling abroad this Thanksgiving weekend, you might want to think about waiting until the very last minute to fly home. That’s because you’ll find some of the shortest
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UNITED STATES – AUGUST 21: The Internal Revenue Service building is pictured in Washington on … [+] Wednesday August 21, 2019. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images Hear that noise? It’s the collective sighs of tax professionals around the country upon learning that the Internal Revenue
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Rido81 The U.S. economy has now been growing for over ten years, the longest period of economic expansion in our history, but nothing lasts forever. Lately clients have been asking me about how to prepare for the upcoming recession. They’re unsettled by the political environment, threats of climate change and growing tensions with other countries.
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One of the greatest confusions in discussions of inequality is that between income and wealth. This struck me recently when somebody with a very high W-2 (low seven figures) asked me what sort of things they could do to manage the income tax that, federal and state combined grabbed roughly half their income. Getty How
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Continued underfunding of the Internal Revenue Service undermines the tax system, and the agency must dedicate the resources necessary for areas of post-tax reform guidance identified by industry, according to the IRS Advisory Council’s annual report for 2019. “Recent deficiencies in funding are eroding the significant investments and substantial progress made in the last two-and-a-half
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Economic Security Planning, Inc. Today’s column addresses potential downsides of filing early to allow auxiliary benefits to be claimed on your record, public pensions and survivor’s benefits, eligibility for divorced spousal benefits, foreign pensions and suspicious calls claiming to be from Social Security. Larry Kotlikoff is a Professor of Economics at Boston University and the
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Last Friday, The Tax Policy Center sponsored a morning-long program on market-to-market taxation of capital gains. After three hours, I came away convinced that annually taxing unrealized investment profits during an investor’s lifetime is not practical. The better choice: Raise tax rates on assets that are sold, tax decedents on their unrealized gains, and make
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