Taxes

Topline A report from the New York Times reveals a decade of Donald Trump’s unsuccessful business activities in China, including an undisclosed bank account that paid nearly $200,000 in taxes, undermining his own exaggerated claims of Hunter Biden’s business dealings there, as well as his rhetoric that his Democratic opponent, Joe Biden, is soft on
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Economic Security Planning, Inc. Today’s column addresses questions about the effect of having collected a spousal benefit before filing retroactively for retirement benefits, potential effects of business losses on Social Security benefit rates and which full retirement age (FRA) applies to the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and
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Under Sheth’s watch, Vista Equity Partners has conducted more software acquisitions than any other … [+] company or investor in recent years. Patrick T. Fallon/Bloomberg Following billionaire Robert Smith’s admission to tax fraud last week, one of his private equity firm’s top dealmakers—cofounder and president Brian Sheth—looks set to depart. While Sheth—who launched Vista Equity
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getty A Michigan man has pleaded guilty to conspiring to defraud the IRS and to stealing from an organization receiving federal funds. According to court documents, Mathew Schwartz owned a law firm called Legal Genius, P.L.L.C. (“Legal Genius”) in Southfield, Michigan. Another man, Jayson Rosett (also charged as a defendant) owned a company called Accident
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Economic Security Planning, Inc. Today’s column addresses questions about what’s possible after suspending a retirement benefit, survivor pensions based on a spouse’s non-covered pension, responding to a notice of overpayment from Social Security and why spousal benefits may not have been available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
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FRANKFURT AM MAIN, GERMANY – SEPTEMBER 22: The headquarters of Deutsche Bank pictured on September … [+] 22, 2020 in Frankfurt, Germany. The leaked FinCEN files point to money laundering by several global banks, including Deutsche Bank, HSBC, JP Morgan and Barclays. (Photo by Thomas Lohnes/Getty Images) Getty Images On September 20 the International Consortium of
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WASHINGTON DC, OCTOBER 15: Albert Lauber, left, and Craig Hoffman pose in the front yard of thier … [+] Victorian Home off just off Logan Circle in Washington DC, October 15, 2014 (Photo by John McDonnell/The Washington Post via Getty Images) The Washington Post via Getty Images In a recent interview Judge Albert Lauber of
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UNITED STATES – CIRCA 1931: Al Capone, pictured in court during his trial, Chicago, 1931. He was … [+] sentenced to a 10 years in federal prison and one year in county jail for a total sentence of 11 years. (Photo by Chicago Sun-Times/Chicago Daily News collection/Chicago History Museum/Getty Images) Getty Images On this day
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Economic Security Planning, Inc. Today’s column addresses questions about a spouse taking retirement benefits on their own record before potentially taking survivor’s benefits, when to apply in order to begin receiving benefits in a certain month and when spousal benefits may be available. Larry Kotlikoff is a Professor of Economics at Boston University and the
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The US Attorney General’s Cyber Digital Task Force recently issued a comprehensive report outlining the United States’ framework for enforcement against cryptocurrency-related crimes. This report explains emerging threats, enforcement challenges, and case studies. According to the task force report, tax evasion is one of the three major ways bad actors use cryptocurrency. This report adds
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Democrats are betting that they can get voters to go along with big tax increases as long as they ostensibly hit only “the rich” and businesses. In this episode of What’s Ahead, we look at three state referendums that will test this hypothesis. California’s Proposition 15 would remove caps on taxing commercial real estate above
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getty Together with the United States District Court for the Northern District of California, the Internal Revenue Service (IRS) Criminal Investigations (CI) division announced what is being called the largest ever tax charge against an individual in the United States. Robert T. Brockman, a 79-year-old resident of Texas, and the chairman and CEO of The
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Democratic presidential candidate Joe Biden speaks during a campaign event in Fort Lauderdale, … [+] Florida on October 13, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.4 trillion over the next decade,
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This segment of What’s Ahead confronts the destructive misunderstanding of profits. Democrats are pushing for a big tax boost on them. Detractors claim profits come at the expense of workers and consumers.  It’s all nonsense. Without profits the economy would wither, as there would be less money for maintaining existing enterprises and for starting new
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On the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Victor Fleischer, professor at University of California, Irvine School of Law and former Senate Finance Committee Democratic chief tax counsel, discuss possible post-election tax reform. Here are a few highlights . . . On changing the corporate tax rate Victor
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