The net investment tax is a 3.8% surtax on a portion of your modified adjusted gross income (MAGI) over certain thresholds. You might be subject to it even if you manage to avoid paying significant income taxes on your investment income by using deductions and credits.
Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans. But how do you know whether all of the elements of a good plan are in place?
Until recently, employers in only a handful of industries had to provide significant reporting on COVID-19 transmission in the workplace. But as of May 26, new Occupational Safety and Health Administration guidelines require a much wider range of employers to determine whether employees caught the coronavirus at work or while performing work-related activities. If so, managers must record the illness on OSHA Form 300.
No one knows when the COVID-19 pandemic will end or what its true results will be. What is clear, however, is that the nature of commercial business has changed. According to Amperity’s COVID-19 Retail Monitor, as of March 26, overall retail demand was down 86 percent and online revenue was down 64 percent.
When someone uses your stolen personal information — your Social Security number, for example — to file a tax return claiming a fraudulent refund, that's considered tax-related identity theft. How do you know if you've been a victim?
Unless you're part of a financial department, you may have received little or no formal training in how to develop a budget forecast, track expenses or make midyear adjustments. You've been handed a spreadsheet or finance report, and you're expected to know what to do with it.
Have you decided that it's time to consider estate planning and contemplate when and how to distribute your assets to your heirs? Realistically, you imagine that this process will entail a series of trade-offs to prevent emotion-laden family problems.
Newsletter articles are posted every 2 weeks.
If you would like to have our e-newsletter delivered directly to your inbox, please sign up. Your information is confidential; you can unsubscribe at any time. Subscribe.