Credit: Getty Royalty Free Getty The name of the measure before Congress sounds like a good deal: the Setting Every Community Up For Retirement Enhancement Act of 2019, a.k.a., SECURE. But the ever-astute Rick Kahler, president of Kahler Financial Group in Rapid City, S. D., smells something rotten: Larry Light: What’s wrong with the retirement reform legislation?
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Dismal Data Book; another state to collect remote sales tax; new polish for old scams; and other highlights from our favorite tax bloggers. What is Uncle Sam’s cut? Turbotax (https://blog.turbotax.intuit.com/): In honor of National Children’s Day just passed, a look ahead at what having a child means for taxes. TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): A look at
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An interview and Q&A with billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller. In this interview, Stanley discusses the Macroeconomic factors he is monitoring and the impact of changes in interest rates. Stanley also talks about the US trade war with China and how to structure your portfolio. 📚 Books on Stanley Druckenmiller’s investing
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Mary Meeker presents her annual Internet Trends Report at Code 2018. Asa Mathat | Vox Media The most highly anticipated report of the year for tech investors has arrived. Mary Meeker, a widely followed technology backer and general partner at the venture firm Bond Capital, published her 333-slide “Future of the Internet” report Tuesday ahead
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Kelvin Murray | Getty Images Older workers could soon find it easier to prove they’ve run into age discrimination on the job. The House Education and Labor Committee voted on Tuesday to approve the Protecting Older Workers Against Discrimination Act (POWADA), introduced by Sens. Chuck Grassley, a Republican from Iowa; and Bob Casey, a Democrat
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If you receive a letter this year from the IRS, don’t be alarmed. After every tax season, the agency sends out a variety of notices to taxpayers. Not every letter means there’s an impending audit coming your way.  Many of the notices are routine and can easily be resolved. Here’s what to do if one
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A package of Beyond Meat beef crumbles is displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Tuesday: J.P. Morgan downgraded Beyond Meat to ‘neutral’ from ‘overweight’ J.P. Morgan said Beyond Meat’s above-the-Street estimates now appear to be
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One of the most common questions I get from investors is how crypto investments like bitcoin are taxed. There seems to be a great deal of confusion, perhaps because of the different names people use for this new asset class. If bitcoin is a cryptocurrency … is it taxed like currency? If bitcoin is “digital
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The American Institute of CPAs submitted more than 140 recommendations to the Internal Revenue Service regarding its 2019-20 Guidance Priority List, identifying and prioritizing guidance projects the AICPA believes the U.S. Department of the Treasury and the IRS should address. The AICPA believes these projects should be addressed through various means, including regulations, revenue rulings,
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