theonlinetaxguy

Jamie Dimon, Chairman and CEO of JP Morgan Chase.  Adam Jeffery | CNBC J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created a formal
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Democracies become oligarchies when wealth is too concentrated. So begins a letter by Berkeley economists Emmanuel Saez and Gabriel Zucman about presidential candidate Bernie Sanders’ wealth tax proposal. This is not the kind of language usually used by economists, but I have to admit: I’ve been singing “you say you want a revolution” ever since
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American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services. The group advocates for adoption of residency-based taxation in response to laws like the Foreign Account Tax Compliance Act,
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Hedge fund manager Stanley Druckenmiller said Friday he agrees with fellow billionaire investor David Tepper’s optimism on the market and said he, too, is still “riding the horse.” “I revealed a very bullish posture intermediate term since October when [Fed Chairman Jerome] Powell guaranteed he would not rescind the insurance cuts,” Druckenmiller said in an
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David Tepper, billionaire founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record. “I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. “We have been long and continue that way.” The current bull market started in March 2009. Since then,
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Treasury’s Inspector General’s office will investigate TCJA’s Opportunity Zones. Democratic Senator Cory Booker and representatives Emanuel Cleaver and Ron Kind  requested the investigation following reports in The New York Times and ProPublica that Treasury OK’d designated zones based on political influence rather than merit.  “If the Treasury Department provided a stamp of approval as a
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During tax season, a tax professional can be placed in the difficult position of trying to stop tax fraud after uncovering their employer or client committing fraud. In a healthy workplace culture, dissent is tolerated and indeed encouraged. But where an accountant, tax professional or tax attorney suffers retaliation for raising concerns about tax fraud
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Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images TE Connectivity This week, Wells
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