President-elect Joe Biden delivers remarks in Wilmington, Delaware, on Nov. 9, 2020. Angela Weiss | AFP | Getty Images President-elect Joe Biden ran on a platform that included proposals to shore up Social Security benefits while extending the program’s solvency. How his administration and the next Congress take shape will help determine just how many
0 Comments
What a POS; bad bet; too sick to go to prison; and other highlights of recent tax cases. Moss Point, Mississippi: Preparer Talvesha Glaude has been sentenced to 22 months in prison for preparing false returns. She owned and operated a tax prep business under multiple names, including TMG Tax Service and Regional Tax Service.
0 Comments
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images This week, investors shifted money away from high-flying tech stocks, and into beaten-down groups like energy, industrials and real estate. These sectors, which are more sensitive
0 Comments
Good Golly, Miss Molly! Iconic rock ’n’ roll pioneer Little Richard passed away earlier this year at 87 after battling bone cancer, and now his secluded rural home in Lynchburg, Tenn., has come available at a sliver less than $350,000. Online listing show a sale is already pending. The roughly 6,000-square-foot brick structure, which sprawls
0 Comments
Housing stocks are standing on shaky ground. That’s according to Matt Maley, equity strategist at Miller Tabak, who says that while the group looks great fundamentally, some weaknesses are beginning to form. “I’ve been bullish on this group for two years now,” Maley told CNBC’s “Trading Nation” on Wednesday. “But sometimes the stocks do a
0 Comments
Today’s map shows how European OECD countries rank on property taxes, continuing our series on the component rankings of our 2020 International Tax Competitiveness Index (ITCI). Although an important element when measuring the neutrality and competitiveness of a country’s tax code, property taxes account on average for less than 5 percent of total tax revenue
0 Comments
Tech billionaire Mark Cuban has been an outspoken voice throughout the 2020 election process, from endorsing President-elect Joe Biden while criticizing President Donald Trump’s Covid-19 response to saying that certain aspects of “both sides scare me.” Despite making clear his preference of Biden over Trump before this month’s presidential election, Cuban now also says he
0 Comments
MoMo Productions Families of color were already trailing their White peers in retirement savings. Then the coronavirus pandemic hit, adding a further hurdle to retirement planning for minorities in the U.S. More than 60% of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54%
0 Comments