theonlinetaxguy

Photocredit: GettyGetty It’s that time of year again, time to think about what you will change or improve upon in the New Year. For 2019, add one resolution to the list for your 401(k) plan. That’s it, just one. You can still exercise more, lose weight, spend more time with your family, or other things you want
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You can double your money in perfectly safe, well-known dividend stocks. But only if you know the secret! Novice income investors gravitate toward higher current yields, but often that can result in hitching your sleigh to stagnant stocks with equally stagnant dividends. For monster total returns, we want to pay attention to dividend increases. Because
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Chevy Chase hides behind the tree in a scene from the film ‘Christmas Vacation’, 1989. (Photo by Warner Brothers/Getty Images)Getty Americans love holiday traditions – especially when one of those traditions is watching holiday movies. One movie that resonates with many is the 1989 classic National Lampoon’s Christmas Vacation. We can all empathize and laugh
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Make your New Year’s resolutions to address your estate, financial, charitable, insurance, retirement planning. Make Your Estate, Charitable, Financial and other Planning New Year 2019 Resolutions. photo credit: GettyGetty So, we estate planners have perfect estate and financial plans and nary a worry. Not! Most professionals are like the proverbial shoemaker with the barefoot children. I
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The Internal Revenue Service is giving foreign-based banks with U.S. operations some leeway when calculating a major new international tax aimed at preventing global companies from shifting profits abroad. Multinationals often transfer payments, such as interest or royalties, to their affiliates in low-tax jurisdictions to maximize deductions and minimize tax bills. Instead of applying the
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U.S. market indicators are signaling that the economy could slow in 2019, former deputy Treasury Secretary Roger Altman told CNBC on Monday as markets closed early ahead of Christmas. The major averages saw the worst Christmas Eve trading session in history as the Dow Jones Industrial Average shed over 650 points and the S&P 500
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Photo credit: GettyGetty Many of you don’t need an investment manager. Others are paying hefty fees for a service different than the one you think you are getting. Before giving up a good chunk of your future wealth, consider what your actual needs are before deciding how to proceed. “You: Identity, Anxiety, Money” The above
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The U.S. Capitol stands past “Caution” tape in Washington, D.C., U.S., on Thursday, Dec. 20, 2018. Photographer: Andrew Harrer/Bloomberg© 2018 Bloomberg Finance LP Talk about ending the year on a low note. “Poor me,” President Trump lamented from his perch alone in the White House, apparently waiting for funding for his border wall, which might
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Big bank shuffle; tax fraud smoked; asphalt, trees and evasion; and other highlights of recent tax cases. Ridgefield Conn.: Restauranteur Bruno DiFabio, 49, has pleaded guilty to filing false income tax and payroll tax returns. According to court documents and statements in court, DiFabio has had various ownership interests in several pizza restaurants in Connecticut
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