All posts in Financial News
Keeping Your Estate out of Litigation
Several media outlets, including the New York Times, Washington Post, and the British Telegraph, have featured stories on the estate of Huguette Clark. Clark was born in 1906, the daughter of William Clark, a wealthy businessmen. She was briefly married […]
3 Common Debt Relief Options to Protect You from Tax Stress
Guest post by: Trenton Fortes Considering the economic struggle that most people are currently experiencing, one of the most common statements that you may get to hear from most of the people is that “I owe the IRS back taxes.” […]
Targeting a Valuable Tax Break for Wall Street
In 2010, Congress considered legislation that would target the taxation of so-called “carried interests.” Commentators and politicians have increasingly criticized carried interests, portraying them as a loophole. By way of background, investment funds (including private equity, venture capital, hedge fund, […]
Federal Agency Releases Report on Credit Scores
The Federal Trade Commission (FTC) recently released a report on consumers reviewing their credit reports for errors with the assistance of “study associates.” The findings of the study included: One in four consumers, acting with the help of a “study […]
Democratic Leaders Seek More Tax Revenue
Congress reached a compromise on the “fiscal cliff” in early January under which the Bush income tax cuts were renewed for all except high-income taxpayers. However, increased payroll and Medicare taxes took effect on January 1. Moreover, President Obama and […]
Obama Administration Inconsistent on Jack Lew and Tax Shelters
The Cayman Islands have developed a reputation as a jurisdiction that is business-friendly to the point of being a tax haven. Tens of thousands of corporations list their address (or one of them) as the Ugland House in the Caymans. […]