2019 is here, and it's almost time to file your first tax return under the new law. But you probably sat around watching sports all weekend instead of talking taxes, didn't you. (Did Santa bring a new TV?) So, as we ring in the New Year, let's take a look at how the new tax bill affects some of those athletes you've been watching.
Some of the greatest stories in America reach their dramatic finale in a courtroom. Who doesn't admire Gregory Peck as Atticus Finch standing up to racism in Jim Crow-era Alabama in To Kill A Mockingbird? Who can forget Tom Cruise baiting Jack Nicholson into bellowing out that yes, he did order the Code Red at the end of A Few Good Men? And who can't imagine the smile of relief on O.J. Simpson's face when the jury announced they had found him not guilty? (Good thing he's finally out of jail so he can pick up his search for the real killers!)
Holiday season is in full swing, and millions of Americans are celebrating with their favorite libations. Breweries are rolling out their winter brews. Wine stores are stocking up on champagne. And somewhere in a gentrifying warehouse district near you, a hipster bartender in a flannel shirt and man bun is crafting his favorite seasonal cocktail.
These days it seems like every day brings new controversy to further divide Americans: red states squaring off against blue states and partisanship crossing the line into tribalism. And that's just as true with the holidays as with anything else. Is fruitcake really an abomination? Is Die Hard really a Christmas movie? Is Baby It's Cold Outside really a musical #MeToo violation in two-part harmony?
If you pay attention to financial news, you can't escape hearing about Bitcoin and other cryptocurrencies. Bitcoin is just like country music, Justin Bieber, and pineapple on pizza — people either love it, or hate it, but there's no middle ground. The billionaire Warren Buffet dismisses it as a "mirage," a "Buck Rogers" phenomenon, and "rat poison squared." But legions of fans see it someday replacing government-backed currencies. Odds are good that one of the millennials at your holiday table believes in Bitcoin as hopefully as they used to believe in Santa Claus.
An annuity is a series of payments at a fixed interval guaranteed for a particular set of years or a lifetime for one or more individuals.
Similar to a pension, money is paid out of an insurance contract under which the annuitant pays a lump sum premium or multiple premium payments over a period of time. An annuity is guaranteed and backed by an insurance company. The amount paid back is a combination of your principal amount and interest earned , and part of the payments may be tax-free. Payments received from an annuity are similar to payments received from a pension. You can create your own guaranteed pension using different annuity planning strategies.
If a business generates profits, taxes should be paid. The Internal Revenue Service (IRS) requires owner operators to estimate the profits of their business and make quarterly estimated tax payments as needed. Savings for quarterly estimated tax payments requires discipline and understanding. If you have past due taxes...
There are certain steps, if you follow them you may end up with everything you desire such as a home, financial support for your children’s education and a retirement life full of comfort. The keys to financial success are:
The goals of retirement planning are to achieve financial independence at the retirement age. Retirement plans are offered by various financial institutions and insurance companies. These are often bundled projects, offering the benefits of both insurance and investments. Instead of working at a single large company for most of the life and then counting on a pension for retirement days, people have started self-saving and investment planning on their own.
The following tips can be a great way to provide a considerable tax reduction taking advantage of the IRS code and the ‘green lights’. Great planning skills, organization and attention to detail are key skills to have before getting started.