Photographer: Qilai Shen/Bloomberg© 2018 Bloomberg Finance LP The China trade war has touched many American companies this earning reporting season. But it didn’t touch American technology giant Qualcomm. On Wednesday, Qualcomm reported sales and earnings results that got a boost from its partnerships with Chinese mobile phone makers like Xiaomi Corp, Vivo, Oppo and OnePlus, which
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Each state in our union handles state taxation of 1031 exchanges differently, as each state has its own requirements pertaining to state tax withholding, clawback rules, filing deadlines and other aspects of an exchange. Sometimes, as in the case of California regarding clawback provisions, certain states stand out for their treatment of a particular issue.
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High Income Professionals can build wealth by following a few simple guidelinesGetty To the average American, the title of this post sounds silly. She may wonder, “Isn’t someone with a high income already wealthy?” This person has not yet learned a critical distinction and an important lesson in building wealth–income is not wealth. The most
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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 availability of spousal benefits, ramifications of collecting divorced spousal benefits, Canadian pension effects on Social Security benefits, survivor benefits and contesting an SSA ruling. Larry Kotlikoff is the
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As tax and HR professionals, we aren’t the only ones watching our industries transform. Social, economic, cultural and technological change is disrupting almost every industry and occupation. It’s generating a lot of talk. The question now is how do we turn this conversation into action? Here are six things to keep in mind as tax
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House Ways and Means Committee Chairman Kevin Brady (R-TX) announced in September that “tax extenders,” a set of tax provisions that have been temporarily continued for more than a decade, will receive attention after the midterm elections. Now that the lame duck session of Congress begins, Congress must answer the question: which extenders should be
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Then-Goldman Sachs CEO Lloyd Blankfein attended a 2009 meeting with the Malaysian financier later accused of plundering billions of dollars from his country’s investment fund, according to a person with knowledge of the situation. Blankfein, who retired as CEO last month, is the unidentified Goldman executive who attended the 2009 meeting in New York referenced
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Residents affected by the three fires scorching parts of California have yet another ordeal to contend with: beginning the homeowners’ insurance claims process. Two of the blazes — the Hill Fire and the Woolsey Fire — ignited in southern California on Thursday, setting off evacuations, according to the Ventura County Fire Department. Meanwhile, the Camp
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Equity Residential is the nation’s largest apartment owner. Here, Sam Zell, the billionaire chairman of Equity Residential, at Bloomberg world headquarters in New York August 24, 2005. (Photo by Jonathan Elmer/Bloomberg News)BLOOMBERG NEWS For above average yields and long-term growth potential real estate investment trusts remain a favorite sector of the financial newsletter advisors. These
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