Month: November 2019

While the smoothest tax season might be one with no surprises, the practitioner who anticipates and is ready for unexpected issues will sleep better at night knowing they are prepared. One area of potential consequence for preparers is the new partnership K-1s, according to Joe Buble, the tax practice leader at Top 100 Firm Citrin
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Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth tax is similar to a real property tax. But instead of only taxing real estate, it covers all wealth an individual owns. As today’s map shows, only three European countries covered levy a net wealth tax,
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Disney is launching a streaming service this week and many Americans are getting ready to make popcorn and dive into the large catalog of family favorites. The ever-growing amount of online streaming options illustrates the new pattern of entertainment consumption in America and across the globe. Today, many consumers never actually purchase music, movies, or
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As a REIT analyst it’s my job to cover all property sectors, including prisons. While some may not be in favor of investing in businesses that encourage incarceration, we maintain no social or political bias for the property sector, deemed critical mission infrastructure. Much of the debate these days has to do with Democratic Presidential
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A group of Black Friday online shopping purchases photographed in delivery boxes. (Photo by Neil … [+] Godwin/Future Publishing via Getty Images) Future Publishing via Getty Images Scott Peterson — South Dakota’s former sales tax director and the Streamlined Sales Tax Governing Board’s first chief — discusses post-Wayfair issues, the controversy in Kansas, and the gig
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As we approach the dawn of a new decade, there’s no doubt that advanced technology will be the subject in accounting for 2020. Automation, blockchain and other advances have the potential to change accounting as we know it, so it’s no surprise they take up the headlines. However, in all the rush to speculate about
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Virtual currencies have been growing rapidly in terms of type and frequency of use. They are increasingly becoming an accepted form of payment even by major established companies and financial institutions. Not all taxpayers, however, appear to be familiar with or complying with their tax reporting obligations involving virtual currencies. The Internal Revenue Service estimates
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This week’s map examines states’ rankings on the individual income tax component of the 2020 State Business Tax Climate Index. The individual income tax is important to businesses because states tax sole proprietorships, partnerships, and in most cases, limited liability companies (LLCs) and S corporations, under the individual income tax code. However, even traditional C corporations
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Tonight’s Democratic Debate in Atlanta will see the remaining 10 candidates argue that they are the best choice as their party’s nominee in the 2020 presidential election. The candidates currently in the top 4 polling positions—former Vice President Joe Biden, Senators Elizabeth Warren (MA) and Bernie Sanders (I-VT), and South Bend Mayor Pete Buttigieg—have all
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(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990’s consumer tastes put certain brands
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