Taxes

Economic Security Planning, Inc. Today’s column addresses questions about taking retirement benefits before spousal benefits, exemption from the Windfall Elimination Provision (WEP), spousal benefits when separated, how spousal benefits are calculated and the Government Pension Offset (GPO). Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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Getty As the Coronavirus (COVID-19) pandemic continues, millions of people across the country are dealing with significant uncertainty. This includes not only physical and emotional difficulties, but also serious financial strain. Many employers are responding with employee relief funds. If done in partnership with a public charity, contributions to the fund (which can come from
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Economic Security Planning, Inc. Today’s column addresses questions about filing for spousal benefits only while delaying retirement benefits, survivor benefits from a public pension, declining divorced widow’s benefits, self-employment and Social Security earnings records and collecting when eligible for more than one benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the
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Getty It appears that two New England businessmen took the concept of “free money” way too far. David A. Staveley (a/k/a Kurt D. Sanborn) of Andover, Massachusetts, and David Butziger of Warwick, Rhode Island, have been accused of conspiring to illegally obtain funds through the Paycheck Protection Program (PPP). The PPP offers billions of dollars in potentially forgivable
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PALM BEACH, FL – MARCH 27: A general view of Mar-a-Lago as President Trump signs a two trillion … [+] dollar caronavirus relief bill excluding Trump businesses and properties due to the Coronavirus (COVID-19) pandemic on March 27, 2020 in Palm Beach Florida. Credit: mpi04/MediaPunch /IPX mpi04/MediaPunch/IPx Revelations about President Trump’s Mar-a-Lago residence may cost
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The Fed’s historic $500 billion intervention will help stabilize the muni market. But it won’t solve the plummeting state and local budgets caused by the pandemic recession. Federal Reserve Chairman Jerome Powell is overseeing a historic intervention in municipal bond … [+] markets. (Photo by Federal Reserve via Getty Images) Getty Images Among the extraordinary policy
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Getty The IRS ruled that a Paycheck Protection Program (PPP) borrower who spends PPP funds on normal business expenses cannot deduct those expenditures for federal tax purposes.  But its position, which left many in congress wondering if the IRS missed the 335-page memo, may not be the last word.  Today, a bipartisan group of congressional leaders formally alerted the Treasury
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Coronavirus and the United States map with flag. Getty In this episode of Tax Notes Talk, Katie Quinn of McDermott Will & Emery discusses the state tax implications of the COVID-19 pandemic with Tax Notes senior reporter Lauren Loricchio. The interview has been edited for length and clarity. Lauren Loricchio: Hi Katie, thanks for being on the podcast. 
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