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Tag Archives: taxes

Home Equity Line of Credit (HELOC) – Basic Breakdown

A home equity line of credit, or HELOC, is a second mortgage on your home that gives you access to cash based on the value. A HELOC is typically used for larger expenses or to consolidate higher-interest-rate debt on other … Continue reading

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Global Corporate Tax Rates Stabilizing – Faced Decades of Decline

According to a recent report that was released by the Organization for Economic Co-operation and Development (OECD), Corporate tax rates are beginning to stabilize after decades of being on the decline.  For years upon years, we have seen governments … Continue reading

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IRS Amping Up Its Battle Against Tax Cheats

Wealthy Americans who choose to cheat on their taxes are facing the biggest threat from the IRS that they have seen in years. In recent weeks, we have seen increased efforts by certain members of Congress to put a stop … Continue reading

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Powerball Jackpot Hits $1 Billion, How Much Would The Lucky Winner Take Home?

For the 2nd time in its 30-year history, the nation’s Powerball jackpot hits over 10 figures! Whoever is lucky enough to land this massive jackpot will be looking at a considerably smaller payout than advertised. The payout varies depending … Continue reading

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Huge Tax Break for Business Machinery – Must Act Fast

The 2017 tax-code overhaul has left behind quite a lucrative benefit, which is set to start being reduced in 2023. While most people rely on the classic gift or charity write-off, the end of this year is presenting people … Continue reading

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Miami Dolphins Receiver Tyreek Hill, Chose Florida over New York to Lower His State Tax Payments, and He Isn’t the Only One

Over the summer, Former Kansas City Chiefs Wide Receiver, Tyreek Hill was traded to the Miami Dolphins and proceeded to sign a $120 million deal with the team. He was extremely close to a deal with the New York … Continue reading

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Aaron Judge Hits 62, What Does That Mean for Taxes?

On Tuesday, October 4th, Yankees’ outfielder, Aaron Judge sent home Run number 62 into the Dallas sky setting the new American League Record for a single season. The fan who caught the ball may have also caught a … Continue reading

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How the Rich Will Protect Themselves From The Estate Tax in 2026

Currently, the amount of money that wealthy Americans can shield from estate taxes in 2022 is at historic highs. Up to $12 million can be protected for individuals, and double that for married couples. However, that is all set to … Continue reading

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Goldman Sachs Brings Back Wall Street Tradition With Hundreds Of Cuts This Month

The first major bank on Wall Street kicked off layoff season by cutting hundreds of jobs across the firm.  This move is attempting to reign in expenses amid a collapse in deals volume. According to a person with direct knowledge … Continue reading

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Improperly Forgiven PPP Loans Can Be Taxed, Says The IRS

This past Wednesday, the Internal Revenue Service made a statement saying that improperly forgiven Paycheck Protection Program (PPP) loans are taxable. The statement was made after federal investigators uncovered billions of dollars in fraud related to several pandemic relief programs … Continue reading

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