theonlinetaxguy

The allegations by Madoff whistleblower Harry Markopolos of a $38 billion fraud at General Electric are “at best disingenuous” and “at worst highly inaccurate,” according to Nick Heymann, co-group head of global industrial infrastructure at the William Blair financial services firm. “You got the stock on sale yesterday for absolutely no basis. This is why
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Credit: Getty Royalty Free Getty Even though you may be retired, the tax man is ready to take a slice of your Social Security and retirement fund payouts. How can you minimize his cut? Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif., has some very good advice here: Larry Light: With boomers
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Renters’ rebates; nominal fees; bail fail; and other highlights of recent tax cases. Pennsauken, New Jersey: Preparers Omar Faruq, 37, and co-conspirator Omar Ali, 36, have both entered pleas of guilty on one count each of conspiracy to defraud the IRS, aiding another in the filing of a false return and filing a false return.
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President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market plunged Wednesday. Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America‘s Brian Moynihan and Citigroup‘s Michael Corbat, according to people with knowledge of the situation. The Dow plunged 800 points, or 3%, in
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In his defense this week of the Trump Administration’s “public charge rule” that aims to limit immigration for people perceived likely to need public benefits, acting director of U.S. Citizenship and Immigration Services Ken Cuccinelli tried to rewrite poet Emma Lazarus’s famous words on the Statue of Liberty. His version: “Give me your tired and
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Big Four firm Deloitte has created a new product, CognitiveTax Insight, or “CogTax,” to analyze indirect tax data sets using artificial intelligence. The product uses AI to assess the full population,of a clients’ accounts payable transactions, compared to a traditional, sampled approach. The use of AI is proliferating in the accounting space, especially to leap-frog
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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 addresses whether filing and suspending is still a viable option, when spousal benefit can be available, when delayed retirement credits are applied to retirement benefit checks, survivors eligibility for Medicare
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Economists love carbon taxes. According to polls, so do roughly two-thirds of Americans. Yet voters in one of the bluest states in the nation, Washington State, twice rejected a carbon levy in recent years. What’s going on? Why is a carbon tax, an effective tool to combat climate change that appears popular in public opinion
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