theonlinetaxguy

The Tax Cuts and Jobs Act (TCJA) made significant progress in improving the cost recovery treatment of business investment by enacting 100 percent bonus depreciation. Full expensing, or the immediate write-off of all business investment, is a key driver of future economic growth, and can have a larger pro-growth effect per dollar of revenue forgone
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. Photographer: Daniel Acker/Bloomberg Adobe Is unstoppable. On Wall Street that is. Over the last five years, its stock has been a big winner. It has outperformed technology leaders like Microsoft and Cisco Systems by a big margin. There’s a reason for it: the company has been reporting strong earnings and revenue growth, beating analyst estimates.
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Raymond James is getting more optimistic on Bed Bath & Beyond shares due to the improving economy. The firm raised its rating to market perform from underperform for Bed Bath & Beyond shares, predicting the retailer will report sales above expectations in its fiscal second-quarter. We are “expecting above-consensus same-store sales [for Bed Bath &
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Good news for those who are currently collecting Social Security: Your monthly checks likely will be bigger next year. The Social Security Administration generally announces its cost-of-living adjustment in October. The Senior Citizens League, a nonpartisan organization, keeps an ongoing estimate of what that increase could be. The latest estimate — excluding the month of
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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 examines whether one spouse should file early, the availability of spousal benefits, survivor benefits and the WEP, divorced spousal benefits and withdrawing a disability benefit application or suspending receipt of
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Amazon.com Inc. and Starbucks Corp. were picked out by Britain’s top competition cop in a warning over tax arrangements that may help big companies thwart smaller rivals. The pair’s ability to profit from international loopholes could potentially hinder the “level playing field” needed for effective competition, Competition and Markets Authority Chief Executive Officer Andrea Coscelli
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$3,000 per phony return; scam by the slice; siphoning the UAW; and other highlights of recent tax cases. Concord, N.H.: William Bischoff, 76, of York, Maine, has been sentenced to four years in prison for operating a multi-million-dollar investment fraud scheme and failing to file federal income tax returns. According to court documents and statements
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Two traders have developed a futures market to appeal to fantasy sports junkies and Wall Street lifers who want to bet on professional athletes. Founded by longtime options traders Eric Wilkinson and Wesley Harr, Draft Hedge is a mobile app that offers users a cross between fantasy football and financial markets. The futures pricing is
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By Deborah Sweeney, Next Avenue Contributor  Credit: Getty Royalty Free Earlier this year, the Second Annual Self-Employment Report, from cloud-based accounting software FreshBooks, said that 24% of boomers make up the next wave of independent workers. The generation of people in their 50s and 60s may fall into third place behind millennials and Gen X (at
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