African statue isolated on a black background. getty Earlier this month, Heinrich Schweizer got bad news from my favorite Tax Court judge Albert Lauber, “Scholar Al” as Lew Taishoff has dubbed him. Lauber ruled that Schweizer’s failure to meet the disclosure requirements for a charitable contribution of property was not “due to reasonable cause”. The…
A young girl picks a balloon from a bunch sold by a balloon seller, Provincetown, Massachusetts, … [+] 1948. (Photo by Rae Russel/Getty Images) Getty Images Few countries in the world would celebrate if annual inflation came in at 60 percent next year. Argentina is one of them. In the recently approved annual budget Economy…
Lack of transparency at our nation’s public pensions makes scamming easier than crypto fraud. getty Lack of transparency at our nation’s public pensions makes scamming easier than cryptocurrency fraud. Public pension funds or cryptocurrency, what’s the bigger scam? The surprising answer is pension funds, according to Anessa Santos, a Florida attorney and Special Magistrate who…
Side view on a financial spreadsheet with the word recession in red and lens flare overlay getty It’s nearly 2023, and we’re on the precipice of something that’s never happened in our lifetimes: a recession is coming—and when it does, it will surprise no one. Believe it or not, that’s good news because it lets…
NEW YORK, NY – Sell in may and so away is a popular stock market adage, that may have saved … [+] investors pain in 2022, it now suggests investors should return to stocks (Photo by Andrew Burton/Getty Images) Getty Images Market timing is hard, but some investment adages have, surprisingly, stood the test of…
| Getty Images Key Takeaways Elon Musk believes that Tesla could become a bigger company than Apple one day in terms of market cap, as he thinks people will move away from gasoline cars entirely. Tesla had a net income of $3.3 billion for the most recent quarter, with record revenue of $21.45 billion. There’s…
Year-End Tax Planning For Traders Shutterstock Recent years’ tax acts don’t change trader tax status (TTS), Section 475 MTM accounting, wash-sale losses on securities, or the tax treatment on financial products, including futures (Section 1256 contracts) and cryptocurrencies (intangible property). It’s helpful to consider IRS inflation adjustments in income and capital gains tax brackets, various…
New York’s Skyscraper Museum’s shows downtown New York’s success in converting Wall Street office … [+] buildings to residences. McGahey, 2022 Many urban downtowns hope converting empty and underused office buildings to apartments will mitigate the fiscal impacts of increased working from home. But can office districts and buildings be converted to residential, building new…
Topline Heat waves propelled by climate change have cost the global economy at least $16 trillion since the early 1990s, according to a study published Friday in the journal Science Advances, a burden that has disproportionately fallen on the world’s poorest and least polluting nations and will fuel international debate over who should be paying…
The national average annual wage for loan officers is over $20,000 more than the average annual wage … [+] for all occupations, $80,570 versus $58,260. getty Whether you’re buying a house, or buying a car, or getting a payday loan, you’re very likely to deal with a loan officer. Considering how important financial transactions are…