Imagine opening your door to an IRS Agent flashing a badge from the Criminal Investigation Division of the IRS. Now imagine that the IRS Agent turns out to be a crook. If it sounds far-fetched, read the indictment of Bryan Cho who was arrested and charged with a whole bundle of serious crimes. If he
Taxes
AFP via Getty Images The biggest story on Wall Street this week hasn’t been the challenging employment numbers or disappointing corporate earnings. Rather it has been the frenzy around Game Stop and the group of investors taking on institutional hedge funds. It is a wild ride that everyone seems to be watching, and it is looking like
UNITED STATES – AUGUST 27: The U.S. Capitol dome is seen at dawn on Thursday, Aug. 27, 2020. (Photo … [+] By Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images State and local governments have been turning to a potentially dicey borrowing tactic to support their budgets as the coronavirus
Millions of Americans are still waiting for their first and second stimulus payments. getty Still waiting for your stimulus check aka economic impact payment(s)? Owe taxes? You might not see a dime. What? Wasn’t the money supposed to come through when you filed your 2020 tax return this spring? That was what the Internal Revenue
Read this if you would be interested in getting a $230,000 tax deduction. Escape getty You can sock away $7,000 in a tax-sheltered IRA, if you’re older. You can do $26,000 with a 401(k) deferral. Or you could be using an entirely different vehicle to put the contribution deep into six-figure territory. Up for discussion