New spending rules issued this week say that states and local governments can use their federal COVID-19 relief aid for hazard pay for essential workers. The allowance comes amid a brewing battle in California over grocery workers’ right to hazard pay. The inclusion is part of the U.S. Department of Treasury’s sweeping guidance on how
Taxes
The Internal Revenue Service is conducting an “ongoing, extensive investigation involving substantial IRS resources” into cryptocurrency holders. As part of that investigation, the IRS is serving “John Doe” summons on various cryptocurrency companies, seeking court orders to require cryptocurrency exchanges to turn over account holder’s names and other key identifying information. On May 5, 2021,
In deciding whether or not to bet on the founders of Lili, a digital banking app that caters towards America’s freelancers, Group 11 founding partner Dovi Frances wanted to be sure he had “the OGs of the digital banking industry.” “It’s not like you’re looking for veterans in everything you do,” Frances says. “In Lili’s
Why is it hard to stop inflation? Because it creates so many winners. Down in Washington they’re printing money like ink is going out of style. Possible consequence: People spend the money, bidding up the prices of cars, lumber and semiconductors. We might get high inflation, high being something more than the target rate of
Today’s column addresses questions about whether Social Security spousal benefits might be available before their spouse takes their retirement benefits, why spousal benefits were terminated after filing for retirement benefits and how to determine when to file for maximum benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president