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 responds to questions about restricted applications, the availability of spousal benefits after remarriage, divorced spousal benefit eligibility, retirement benefits when widow’s benefits are also available and spousal benefits after filing
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Signage is displayed outside the Internal Revenue Service (IRS) headquarters in Washington, D.C., U.S. Photographer: Andrew Harrer/Bloomberg© 2017 Bloomberg Finance LP After forty-nine years at the Internal Revenue Service (IRS), it’s the last tax season for Carolyn Tavenner. The long-term IRS employee, sometimes called the “Mother of the 1040-EZ,” has announced her plans to retire
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Bezos allegations of blackmail against AMI, the parent company of the Enquirer are splashed across the news.  As a veteran of 28 public boards and many more private companies I’ve seen my share of drama and this situation makes me wonder, what are these two boards doing about it? Had Jeff Bezos decided to keep
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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 the ability to file a restricted application, the availability of spousal benefits, school and disability benefits, whether there are potential problems with filing for spousal benefits and filing for
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Local Texas governments spent about $41 million to influence legislation in Austin, typically advocating for higher taxes and larger government.Eric Allie for the Texas Public Policy Foundation Texas is one of seven states that doesn’t levy a personal income tax. And while Texas’ overall state and local tax burden is considered relatively light, putting Texas
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(AP Photo/Kevin Hagen) The usually lifeless topic of taxes has been propelled into the spotlight by Congresswomen Alexandria Ocasio-Cortez’s proposal earlier this year to introduce a 70% marginal tax rate on income generated above $10 million.  The proposal quickly gained traction, offering at least part of a solution to very big economic problems like income inequality and
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EcoVest Capital Inc is under attack by the Justice Department for promoting in DOJ’s view “fraudulent conservation easement shelters” based on “willfully false valuations”.  EcoVest’s attorneys (Washington-based Covington & Burling LLP) responded in United States District Court in Atlanta on February 20 denying DOJ’s substantive claims. EcoVest is also fighting in the court of public
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The ongoing flap over tax refunds has once again highlighted a serious issue: Americans use tax withholding from their paychecks as a major savings tool. They give the government more than they owe in income tax throughout the year just so they can get a check the following spring. For many low-income filers, overwithholding has
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Allegations that Jussie Smollett paid $3,500 to stage his attack, hoping to promote his career have caused considerable controversy already. He is only accused at this point, and there are many takes on the story, which probably doesn’t make you think about taxes. Yet lawyers can be expensive, and sooner or later, people paying for lawyers usually think about taxes. After
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