Month: November 2020

Demonstrators display signs calling for an end to evictions and foreclosures during a rally at Boston Housing Court outside the Edward W. Brooke Courthouse on Oct. 29, 2020. David L. Ryan/The Boston Globe via Getty Images Expiring state eviction bans have led to hundreds of thousands of additional coronavirus cases, new research finds, raising alarm
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getty How much do we need? A very common question we receive from aspiring retirees as they are deciding when to stop working and start the next chapter of their lives. As you can imagine, that number can be very different from person to person depending on a variety of factors. First, your plan needs
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KANSAS The Kansas Society of CPAs Educational Foundation announced the 2020 KSCPA scholarship recipients: Clayton Burrows, from the University of Kansas, won the $3,000 Byron Bird Graduate Scholarship; Myriah Webster, McPherson College, received the $2,500 John J. Killian Scholarship; and Mary LaBelle, Kansas State University, won the $2,500 Mary Ellen Kirkpatrick Leadership Scholarship. Every year,
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The United States Supreme COurt Building getty The U.S. Supreme Court has clipped the commerce clause’s nexus wings, and much ink has been spilled on whether the due process clause will enjoy a resurgence in cases on a nonresident’s tax liability. Court due process precedent abounds, cases with which state tax professionals are quite familiar. However, there
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Economic Security Planning, Inc. Today’s column addresses questions about whether filing for retirement benefits will mean an end to spousal benefits, whether filing for divorced spousal benefits at 62 would affect retirement benefits and what happens to the money a person paid into Social Security when they die. Larry Kotlikoff is a Professor of Economics
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Woodard Events announced that its signature Scaling New Heights conference will be held in Fort Worth, Texas, in 2021, on June 20-23. The theme of the 2021 event — whose 2020 edition wrapped up earlier this month in Orlando, Florida — will be “Unstoppable.” “Though the challenges facing accountants may seem daunting, they are not
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Patent box regimes (also referred to as intellectual property, or IP, regimes) provide lower effective tax rates on income derived from IP. Most commonly, eligible types of IP are patents and software copyrights. Depending on the patent box regime, income derived from IP can include royalties, licensing fees, gains on the sale of IP, sales
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Topline After a three-month delay sparked by antitrust concerns, TurboTax-developer Intuit has received approval from the Department of Justice to move forward with its $7.1 billion takeover offer for fintech giant Credit Karma after they agreed to divest Credit Karma’s tax business to Square. TurboTax products sit on display at Costco. getty Key Facts The
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U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues
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Concept of moving to foreign countries and living as expat. getty In the latest installment of In the Pages, Tax Notes International contributing editor Robert Goulder sits down with the authors of the Tax Notes article “A Simple Regulatory Fix for Citizenship Taxation.” The authors discuss regulatory actions that Treasury can take that would, in the absence of legislative change,
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New York authorities investigating whether President Donald Trump’s company inflated the value of its assets for loans and tax breaks are seeking more records of the company’s communication with an engineer who helped appraise its property. New York Attorney General Letitia James on Thursday asked a state-court judge in Manhattan to reconsider October rulings that
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Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. After Covid-19
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AJ Watt | Getty Images Are you stocking up on cold and flu meds for the winter? Buying an at-home Covid-19 test kit? If so, you are running out of time to use this tax-advantaged account for those purchases. Health-care flexible spending accounts, which may be available at your job, allow you to stash pre-tax
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