Taxes

Photographer: Victor J. Blue/Bloomberg© 2018 Bloomberg Finance LP Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts and Jobs Act (TCJA).  Treasury largely retained its guidance from last August, which significantly expanded the scope of eligible businesses.  But the
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Federal Building IRSASSOCIATED PRESS It’s officially tax season, which means especially burdensome requirements for the adventurous who dared to invest in cryptocurrency last year. Not surprisingly, the IRS was among the first government agencies to provide official clarity on what exactly bitcoin is, and what they decided was the cryptocurrency and its brethren are property.
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Juventus v AC Milan – Italian SupercupGetty Images for Lega Serie A He originally vowed to fight tax charges against him, but Cristiano Ronaldo is now expected to plead guilty to tax fraud. In 2017, the soccer superstar was accused of failing to pay 14.7 million euros ($16.5 million US) in taxes. He was alleged
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Last month, I wrote about the Department of Justice beginning to crack down on abusive conservation easement syndications.  DOJ is seeking an injunction against people associated with EcoVest Capital, which according to Peter Elkind of Fortune is the most prolific syndicator of conservation easements. I explained the concept behind conservation easement deductions in that piece last
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I find it strange that in this day and age, I can choose to get an abortion, but I can’t choose my own employment classification in a job where I sell my body and its nudity .  -  Katie of Independent Entertainer Coalition Photocredit: GettyGetty The Tax Court is closed due to the government shutdown
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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 takes up when to file a restricted application, spouses filing retroactively, the effect of foreign earnings on Social Security retirement benefits, sequencing retirement and spousal benefits and income subject to
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Most people don’t give much thought to health savings accounts (HSAs) until they have some sort of medical event that forces them to investigate creative funding options. But an HSA can be a valuable account to have at any time. Maximize Your Health SavingGetty Even if you don’t have an immediate need, such as a
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Washington DC, June 2017 United States: neoclassical style building of treasury department with Albert Gallatin statue in front of the northern entranceGetty We’ve been hearing that a lot lately, being asked about things like the proposed US-Mexico border wall, the possibility of universal health care, and even regarding existing programs like Social Security. It’s a
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