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.
The National Conference of CPA Practitioners is stepping up to help government employees dealing with the ongoing government shutdown. NCCPAP announced that it will give any furloughed or unpaid critical federal employee “a significantly discounted fee” to have their 2018 return prepared by a participating NCCPAP CPA. Federal employees must provide proof of employment. Those
Digital music service Spotify surprised many of its subscribers yesterday, with those in D.C. learning they now had to pay Iowa’s sales tax on their subscription: Iowa subscribers got a similar message but reversed, informing them they’ll have to pay D.C. sales tax. Not to worry. Late in the day, Spotify e-mailed again to say
The current macroeconomic environment makes it difficult for CNBC’s Jim Cramer to recommend even a best-of-breed stock like Emerson Electric, he said Wednesday after a solid trading session in the stock market. An old-line manufacturer involved in the industrial automation, fluid handling, climate control and oil and gas spaces, Emerson has been at the center
The Institute on Taxation and Economic Policy is out today with a report recommending how states should approach taxing legalized marijuana. It’s a topic we’ve written about extensively, and based on that research, we have some concerns with the report’s suggestion that states tax marijuana based on the weight of the amount sold rather than
Employees, including those who had been recalled from furlough at the IRS, are missing work amid the partial federal shutdown, even as tax season is about to begin. Hundreds of workers at the tax agency received permission from their managers to miss work, claiming that they are facing hardship, The Washington Post reported. News of
Whether you’re getting ready to say, “I do,” — or if you already have — tackling your finances as a couple doesn’t have to be daunting. Getty Royalty Free While discussing budgets and savings goals may not seem romantic, they are important conversations to have on a regular basis. “For richer, for poorer” is a
EcoVest Capital is not rolling over and playing dead in response to a Justice Department complaint that, if acted on, would knock them out of the business of syndicating conservation easements. DOJ filed the complaint, on December 18. On December 26, an order staying the proceedings was issued because of, well you know, government shut
Remembering this season; retention pointers; IRS Mind; and other highlights from our favorite tax bloggers. Promises promises Mauled Again (http://mauledagain.blogspot.com/): AT&T, upstate New York, Florida and 150 positions: Why tax breaks for creating jobs should not be based on promises of future employee retention and hiring but on actual compliance with job creation. Tax Vox
The next time you’re in the market for a home, ask your agent if he or she is working in your best interest. The answer could save you a headache as well as cash. Half of the people polled by the Consumer Federation of America said they believed real estate agents are required to operate
Say an unexpected $20,000 lands in your lap and the only stipulation is that you invest it for retirement. Great, you say. But now what? If you’re a teen or young adult, choosing the best place to put retirement money — before even getting to the point of choosing exactly how to invest it —
With the government shutdown now entering its second month, and with no end in sight, over 800,000 federal workers and contractors continue to go unpaid. In fact, The New York Times reported that federal workers are now doing odd jobs to try to make ends meet as a result of the shutdown. But even if
Source: Stock.Adobe.com The good times make us forget the bad times Be positive. Think positive. Don’t focus on the negatives. Forget about it. These are all great pep talk lines. But for investors in 2019 and beyond, they are a trap, and a good way to lose a small fortune…or a big one. See the
An interview with billionaire Private Equity titian and co-founder of The Carlyle Group, David Rubenstein. In this interview, David discusses how the Private Equity industry works and creating The Carlyle Group. David also talks about what makes a great CEO, Venture Capital and Donald Trump. 📚Books recommended by David Rubenstein are located at the bottom
Andrew Harrer/Bloomberg While the ongoing government shutdown hasn’t delayed the expected start of tax season, other Internal Revenue Service functions have been impacted, with the service announcing today that it has cancelled a public hearing on proposed amendments to the regulations relating to imposing user fees for enrolled agents and enrolled retirement plan agents (REG-122898-17).
Dell Technologies’ return to the public market comes at a good time for the company and for prospective shareholders, CNBC’s Jim Cramer said Tuesday as the rest of the stock market fell on macroeconomic worries. “The new Dell Technologies has a lot going for it,” Cramer said, highlighting its move beyond the personal computer. “Now,
Despite the dangers of high-interest loans, more consumers are testing the limits of plastic. To that point, more than 1 in 3 people —or 86 million Americans — said they’re afraid they’ll max out their credit card when making a large purchase, according to a new WalletHub credit cards survey. (Most of those polled considered
The OECD’s new database Corporate Tax Statistics provides insights into the recent history and current state of corporate income taxes (CIT) around the world. The database includes information on a variety of measures of corporate taxation including statutory tax rates, marginal and average effective tax rates, the cost of capital for different investments, and the
By Richard Watts, Next Avenue Contributor Many of us believe the wisdom we distill from surviving life’s obstacle course is best directed at rescuing our kids from the difficulty and heartache of similar growing experiences. More strategic than yesteryear’s helicopter parents, today’s drone parents seek out and destroy perceived impediments to our children’s success. But it
The tax reporting for stock compensation is confusing. If you had income from stock options, restricted stock units, or other forms of stock comp in 2018 and taxes were withheld, here’s what you need to know to decipher your Form W-2 before you complete your Form 1040 tax return.Getty By now you’ve probably received your Form W-2.