theonlinetaxguy

S corp misconceptions; Spanish authorities go after pop singer; changes to withholding under FATCA; and other highlights from our favorite tax bloggers. The perfect year Tax Foundation (https://taxfoundation.org/blog): “January through December,” sang Ronnie Milsap, “we had such a perfect year.” This week is the first anniversary of the passage of the Tax Cuts and Jobs
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In some cases, buying shares of companies facing lawsuits can pay off if you’re patient and willing to withstand headline risk, CNBC’s Jim Cramer said Wednesday. Right now, there are five high-profile situations “where lawsuits are or could be front and center” for stocks, Cramer said: the Qualcomm-Apple dispute, the lawsuits facing Johnson & Johnson
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BLOOMBERG NEWS The EEOC recently settled a nationwide investigation of a company that allegedly discriminated against pregnant employees or those with disabilities.  The terms of the settlement include a $3.5 million payment as well as injunctive relief,  such as updating the company’s reasonable accommodations policies and training its 10,000 employees. Issues involving the Americans with
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The Justice Department is taking on abusive conservation easement syndications.  A complaint was filed on December 18 in the Northern District of Georgia seeking an order stopping Nancy Zak of Forever Forests LLC,  appraiser Claud Clark III, EcoVest Capital Inc and EcoVest officers Alan Solon, Robert McCullough and Ralph R Teal Jr. from “organizing, promoting,
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Key Findings State tax changes are not made in a vacuum. States often adopt policies after watching peers address similar issues. Several notable trends in tax policy have emerged across states in recent years, and policymakers can benefit from taking note of these developments. The enactment of the federal Tax Cuts and Jobs Act (TCJA)
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With the Federal Reserve‘s latest quarter-point interest rate increase (and still more likely to come), few consumers are left unscathed. The decision affects rates on all kinds of borrowing, from home mortgages to credit cards. Despite pressure from President Trump and members of his administration, The Fed made its ninth hike in three years and
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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 discusses when spousal benefits can be avalable and how they’re calculated, choosing when to take different available benefits, spousal benefits and the deeming provision and paying extra SSA taxes to
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Share to facebook Share to twitter Share to linkedin Photocredit: GettyGetty Charitable giving is a win-win-win. Most important the charity, or someone in need, receives the much needed support. You are also a better person for giving. Finally, you can receive a tax deduction. Win, win, win. So you’re working on your taxes, and realize that you
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