Tag Archives: tax

The Senate is on track to pass a new stimulus package as soon as this weekend, and as much as Americans may need cash now, personal finance guru Suze Orman says they should do everything to avoid a different government payment — tax refunds. In a new interview, taped on Wednesday, Orman said the apparent government windfall indicates “something’s radically wrong,” since filers could otherwise have invested the money over the period it stood in the government’s possession. She urged tax… Source link

Maryland’s first-in-the-nation law taxing digital advertising by Big Tech companies like Facebook and Google is being challenged in federal court as “a punitive assault” on digital advertising and should be struck down, according to a federal lawsuit filed Thursday by leading trade associations. The lawsuit, filed in U.S. District Court in Baltimore, contends the law “is illegal in myriad ways.” It alleges the law violates the federal Internet Tax Freedom Act, which prohibits… Source link

TipRanks 2 “Strong Buy” Cannabis Stocks Showing Monster Growth Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And… Source link

TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link

“It’s the leap, not the look, that generates crucial information.” – George Gilder It was recently announced that Google’s GOOG parent company Alphabet GOOGL intends to wind down its Loon project. The Wall Street Journal’s Matt Grossman and Sarah Needleman described the latter as an endeavor to bring internet connectivity to “billions of people in communities where traditional ground-based infrastructure was too expensive or too difficult to install.” The… Source link

This little-known tax break can give you up to $2,000 in free money Saving for retirement is hard — especially when you’ve got so many bills to pay today. You’re probably already using every trick you can find to stretch your budget. But the government is really keen on having Americans build up retirement nest eggs, so it tries to nudge you along with a nice tax break for squirreling some extra money away. Here’s how you could score up to $2,000 in free money for retirement through a… Source link

TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.It’s a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties… Source link

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link

The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no. If you answer inaccurately, you could find yourself in hot water with… Source link

OTTAWA (Reuters) – Canada plans to impose a tax on corporations providing digital services from 2022 that will stay in place until major nations come up with a coordinated approach on taxation, the Finance Department said on Monday. The Organisation for Economic Cooperation and Development is working on a common approach to ensure digital behemoths, such as Alphabet Inc’s Google and Facebook Inc, pay their share of taxes as the coronavirus hammers budgets. Canada said it was concerned about… Source link