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Looking to buy a house, but think house prices are going crazy?  You’re not wrong. Housing prices are rocketing upwards across the country, showing their biggest annual gain since 2005.  Existing homeowners are adding to their housing wealth, while younger, less affluent, and nonwhite buyers are facing little supply and rising costs. Housing price pressures are found across
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Most small businesses start out as a one-man or one-woman show. The founding entrepreneur usually fills most, if not all, of the essential roles. While this is an exciting time for any entrepreneur, it’s not sustainable. Many business owners experience burnout as their companies grow, because they simply cannot do it all (no matter how
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Taxpayers filing late international information returns continue to encounter difficulties with the IRS’s recent practice of apparently disregarding reasonable cause statements initially and automatically assessing penalties. In particular, late filers of Form 3520, “Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts,” have found it challenging to persuade the IRS to even look
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Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 9% in
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Notre Dame Quarterback Brandon Wimbush (7) runs with the ball under pressure from University of Miami Hurricanes Defensive Lineman Trent Harris (33) during the college football game between the Notre Dame Fighting Irish and the University of Miami Hurricanes on November 11, 2017 at the Hard Rock Stadium in Miami Gardens, Florida. Icon Sportswire |
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Most income is ordinary, including pay for services, interest, business profits, dividends, money for winning the lottery, and most other payments. But for generations, there’s been a big tax break for long-term capital gains, those held over a year. Assuming you get past one year, if you sell your house, car, crypto stockpile, Amazon AMZN
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In his acceptance speech at the 1988 Republican convention, George H.W. Bush famously pledged, “read my lips: no new taxes,” only to concede tax hikes in 1990 budget negotiations, and be hammered with the broken pledge in his failed 1992 re-election bid. In his own election campaign, President Joe Biden promised repeatedly that he would
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