The Internal Revenue Service and the Treasury Department issued final regulations spelling out how U.S.-based companies will have to pay repatriation taxes on offshore profits under Section 965 of the tax code. Bloomberg News The IRS released proposed regulations on Section 965 in August, and the proposed rules went through a public comment period and
Investors should buy shares of beer giant AB InBev — the largest beer company in the world — as a recent refinancing will lighten the burden from the company’s massive debt load, an analyst at RBC Capital Markets said Tuesday. Analyst James Edwardes Jones named AB InBev a top pick, upgrading it from outperform. Jones
Patrick Greene could soon see his rent double. The 70-year-old man lives with his wife, Karen, in a two-bedroom apartment in Montgomery, Alabama. He pays $460 a month for the apartment, and the rest of his $940 rent is normally covered by the U.S. Department of Housing and Urban Development. Due to the stalemate in
Photo Credit: Dennis Van Tine/STAR MAX/IPx Warren Buffett is known as one of the most successful investors in history. From investments in Coca-Cola and American Express to Goldman Sachs and Wells Fargo, Buffett’s value investing prowess is unshakeable. However, Buffett – through his Berkshire Hathaway holding company – isn’t solely focused on the public markets.
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
South Dakota v. Wayfair Inc. has led to the largest change in sales tax in the last 50 years. Since 1967, businesses have operated under the premise that a substantial physical presence is needed in a state, in order for said state to subject the business to their sales tax collection and remittance requirements. ”Substantial
Sweden has been much in the news recently following the comments by Rep. Alexandria Ocasio-Cortez that her proposal to boost the top income tax rate in the U.S. to 70 percent is based on the tax policies in the Scandinavian nation. According to a recent Reuters news report, it would seem that Sweden is trying
Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
One potential change to Social Security rules that could reduce that pressure on women: Caregiver credits, according to the Center for Retirement Research. The idea is not new. Caregiver credits are available to citizens of other parts of the world, including the United Kingdom, Sweden and Germany. The credits could work one of two ways,
Photocredit: GettyGetty The topic of “restricted application” continues to be a popular one; I consistently get emails and calls on its use. This article isn’t necessarily geared as to how you qualify to use the restricted application, but how to apply the tactic to your best advantage. To start with, please do not confuse the
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
As the federal government’s partial shutdown attains record lengths and neither side in Washington shows signs of budging on a $5 billion wall along the U.S./Mexican border, tax preparers’ clients seem pretty clear on the issue. “Clients are inquiring about the shutdown based upon their current position with the IRS,” said Enrolled Agent Janet Sienicki
Even with the U.S.-China trade war still raging, Chinese stocks are on fire. Increasing trade tensions between the U.S. and China through the back-half of 2018 took a sledgehammer to Chinese shares. Baidu ended the year with a 32 percent loss, while Tencent was down 23 percent, and Alibaba dropped 21 percent. However, the FXI
January has gotten off to a strong start for the stock market, and the last day of trading this week contributed to renewed market optimism with headlines that the U.S. and China are moving closer to resolving their trade differences. The Dow Jones Industrial Average finished with a gain of 336 points on Friday and
Financial abuse of the elderly is rampant. As people get older, they are preyed upon by operators who want to sell them things they don’t need or steal their money. I’ve seen it first hand in dealing with financial abuse of my father. I had to go after a broker who sold him junk bonds
6 Tips for First Time Home Buyers. What you really need to know before buying a house.Getty Buying a home will likely be the biggest purchase you make in your life. At least until you buy your second, more expensive home. Recently, the real estate market has appeared to be cooling. All the same, home
The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice about whether to claim one of the biggest perks in the Republican tax overhaul. Owners of so-called pass-through entities such as partnerships and limited liability companies have to file their businesses’ returns by March 15 —
The market’s win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. He’s partly building his bull case based on a chart pointing to negative market sentiment. “At the end
What’s your net worth? Even if you don’t fly on private jets or play polo, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere,
Roth ira written on a label of the jar with money.Getty If you believe that income tax rates will increase in the future- as many finance and tax experts do- then you will agree that the Roth IRA is often a better choice than the traditional IRA, if the objective is to choose the one
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