ERproductions Ltd | Getty Images Democratic presidential candidate Bernie Sanders is proposing to wipe out an estimated $81 billion in past-due medical debt. Up to 80 million Americans could be impacted. “People definitely need to have their debt either forgiven or negotiated lower, so they can afford it without a hardship,” said Craig Antico, the
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internet banking network and cryptocurrency concept. Man hand using credit card for trade cryptocurrency. Getty Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040. The checkbox, which appears on the early
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Steve Shepard | Getty Images Most people consider getting in to college a numbers game. However, in the wake of last year’s college admissions scandal, which underscored how much pressure parents and students feel to be accepted into elite universities, admissions directors are quietly turning their attention to something besides test scores. Today, “almost every
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Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases. Middletown, Connecticut: Eugene Carlin, 59, has been sentenced to 18 months in prison, to be followed by three years of supervised release, for drug trafficking and tax offenses. In July 2018, police searched Carlin’s residence and seized approximately
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CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday. Markets are “hostage to events that are not only totally out of our hands, but I think totally out of the president’s hands,” Cramer
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Next month, Colorado voters will decide whether to allow the state to permanently keep their Taxpayer’s Bill of Rights (TABOR) refunds. Proposition CC, the “Allow State to Retain Revenue for Transportation and Education Measure,” was referred to voters by the General Assembly with the passage of House Bill 19-1257 in April. Currently, the TABOR amendment
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Among the unfinished business awaiting lawmakers when they return from their two-week recess are technical corrections to the 2017 tax law. Last month, the Internal Revenue Service and Treasury Department issued final regulations for the new law’s expensing provision, noting that the error known as the “Retail Glitch” must be fixed by legislative change, not
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Accounting software giant Intuit has introduced new cloud-hosting capabilities for Lacerte and ProSeries products, in partnership with Right Networks, which has provided cloud hosting for Intuit products for almost two decades. The new offerings, named Hosting for Intuit ProSeries and Hosting for Intuit Lacerte, will allow users of each suite to eliminate on-site servers if
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Last week we released the International Tax Competitiveness Index 2019, a study that measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems. In the coming weeks, we will illustrate how European OECD countries rank in each of the five components of the Index: corporate income taxes, individual taxes, consumption taxes,
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