Taxes

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 how early retirement benefits can affect later spousal benefits, survivor’s benefits before retirement benefits, the rate of reduction due to taking benefits early, the application of delayed retirement credits
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internet banking network and cryptocurrency concept. Man hand using credit card for trade cryptocurrency. Getty Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040. The checkbox, which appears on the early
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Among the unfinished business awaiting lawmakers when they return from their two-week recess are technical corrections to the 2017 tax law. Last month, the Internal Revenue Service and Treasury Department issued final regulations for the new law’s expensing provision, noting that the error known as the “Retail Glitch” must be fixed by legislative change, not
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Treasury’s Acting Inspector General will review agency efforts to protect President Trump’s tax returns. The review centers on whether the Treasury acted improperly when it refused to release Trump’s tax returns in response to a  House Ways & Means Committee request. The move follows a separate whistleblower complaint that a Treasury Department official attempted to
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Today, the OECD released a new consultation document on a proposal to change how some multinational businesses are taxed. This proposal lays out a unified approach to addressing the tax challenges arising from the digitalization of the economy. In May, the OECD published a program of work laying out several approaches to changing where multinationals
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Next month, Colorado voters will be asked to consider a measure that would legalize sports betting in the state. Proposition DD would authorize sports betting for people 21 or older in-person at casinos and online through internet sports betting operators contracted by casinos. The operators will be charged a tax of 10 percent on their
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Share to facebook Share to twitter Share to linkedin Brokerages will cumulatively lose billions of dollars in revenue. BLOOMBERG NEWS Topline: As the race to the bottom continues, slashing trading fees will eliminate billions of dollars of revenue for discount brokerage firms, although some may be better positioned to weather the impact. Charles Schwab—the first
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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 when the earnings test comes into effect, restricting an application to spousal benefits only online, what to do if a payee withheld benefits from the beneficiary, filing retroactively and
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