Suits for the infringement of patents or other intellectual property are usually ask for lost royalties, a stream of payments that the inventor would have collected but for the infringement. Most people—even those who know very little about taxes—are likely to say that a stream of royalties is probably taxed as ordinary income. How then
Taxes
A participant stands at the OECD headquarters in Paris during the presentation of the Economic … [+] Outlook at the 2013 OECD Week on May 29, 2013. AFP PHOTO ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images Martin Hearson of the International Center for Tax and Development and Emmanuel Eze
The Free Application for Federal Student Aid (FAFSA) has different rules concerning which parent(s) are responsible for completing a dependent student’s FAFSA and who is considered a dependent of the parent on the FAFSA. These rules are changing, starting with the 2023-2024 FAFSA. The Consolidated Appropriations Act, 2021 changed the rules as part of an
A series of strategies for tax-wise investors. Table of Contents 529 getty Earnings on a college savings account escape income tax if withdrawals are used for the right purposes (including tuition, room and board). There is also an estate-tax angle: A grandparent can preclaim five years of gift tax exclusion to park $75,000 per youngster
Economic Security Planning, Inc. Today’s column addresses questions about taking retirement benefits early before switching to spousal benefits at full retirement age, whether or not to notify Social Security about a change in projected income and when widow’s benefits can be started. Larry Kotlikoff is a Professor of Economics at Boston University and the founder