Cashing Out Bitcoin: What To Know About Tax And The IRS

If you’ve sold some Bitcoin, it is important that you know Uncle Sam wants his share too. Back in 2014, the IRS issued Notice 2014-21 stating the government’s position on what they call “virtual currencies.” It stated that such assets are considered property rather than currency. Under the rules for sales of property such as stocks,… Please follow and like us:

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Tax hike or tax cut? CNBC’s misleading report on GOP’s tax reform

WASHINGTON, January 16, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a tax cut.” But according to the descriptive language in a recent CNBC assessment of the GOP… Please follow and like us:

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6 Hedge Fund Trends to Watch in 2018

Hedge fund assets have hit record highs in each of the five past quarters, to some $3.2 trillion, and will grow by 5.5% over the next 12 months, according to Don Steinbrugge, head of Agecroft Partners, in his annual predictions of industry trends. Assets have risen despite a drumbeat of bad news about hedge funds, Steinbrugge… Please follow and like us:

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U.S. CEOs Make The Most Globally

It pays to be a chief executive officer in the United States, according to a new report revealing that the pay gap between U.S. CEOs and their employees is larger than in any other country. Related: How the Rich Get Rich: These Tech CEOs Are Making Bank The U.S. CEOs of the top publicly traded companies… Please follow and like us:

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Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

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Tax moves you may want to consider before the end of 2017

You probably already know that big changes in the tax code are going to take effect starting January 1, 2018. What you may not know is that there are still a number of things you can do over the few couple of days to potentially leverage those changes to your own benefit. And there are other… Please follow and like us:

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The average household is carrying almost $16,000 in credit card debt

There’s been so much good news on the economic front these days — from consumer confidence on the rise to a thriving stock market and strong jobs report — that you’d be forgiven for not noticing one of other things that is happening: Americans are doing quite bit more borrowing these days. We consumers are accumulating… Please follow and like us:

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Republican Lawmakers Finalize US Tax Reform Bill

U.S. Republican Senate and House negotiators finalized a final version Friday of their compromise $1.5 trillion tax bill, after trying to appease recalcitrant Republican Senator Marco Rubio, who demanded an expansion of the child tax credit that provides benefits for low-income families. Republican sources said the measure should be released later Friday. Republican lawmakers hammered out… Please follow and like us:

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U.N. Official Shocked at Poverty In Rural Alabama

A United Nations official investigating poverty in the United States was shocked at the level of environmental degradation in some areas of rural Alabama, saying he had never seen anything like it in the developed world. “I think it’s very uncommon in the First World. This is not a sight that one normally sees. I’d have… Please follow and like us:

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Elites lie, Americans die

Washington knew free trade was harmful to Americans’ health. Everything you’ve been taught was wrong. The elites have been peddling lies. You don’t have to take my word for it – a Harvard economist says so. And we all know if someone from Harvard says it, it must be true. Dani Rodrik, professor of International Political… Please follow and like us:

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How Tax Reform Became a Fast Track to Drain the Swamp

Republicans have long been known as “the stupid party.” They do stupid things, such as waiting until mid-November to push a must-pass tax cut that should have been done by April. But in recent weeks the GOP is finally showing some brains and some backbone on taxes. They are using their majorities in Congress to roll… Please follow and like us:

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Corporate Balance Sheets Much Weaker Than You Think: Goldman

SocGen’s Andrew Lapthorne believes that weak corporate balance sheets are the fact and the cash on the sidelines is the myth. In a report published today, Lapthorne highlighted the high level of inequality that’s affecting balance sheets within the US. Specifically, the SocGen analyst notes “US corporate leverage is abnormally high for this stage in the… Please follow and like us:

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Obamacare insurance markets open this week amid confusion and uncertainty

WASHINGTON — Health insurance marketplaces created by the Affordable Care Act begin accepting 2018 applications Wednesday amid mounting concern that the Trump administration’s repeated attacks on the law will dramatically depress enrollment. The marketplaces — a centerpiece of the law commonly called Obamacare — continue to provide coverage for some 10 million people. And they remain… Please follow and like us:

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What the Fed’s moves mean to the economy | Biz Brain

Q. In October, the Federal Reserve plans on reducing its assets of $4.5 trillion dollars. How did the Fed get the so called trillions in assets? Will they sell their bonds on open market? Then, where does the income from bonds go? Is there a simple explanation of how this works? — Trying to get it… Please follow and like us:

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Chicago’s Bankruptcy Boom

This week we published a deep look at why bankruptcy frequently fails to provide relief to black Americans struggling with debt. The story focused on Memphis, Tennessee — the bankruptcy capital of the nation — where black debtors have for generations been funneled into Chapter 13, which usually requires five years of payments most have no… Please follow and like us:

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