Taxes

Economic Security Planning, Inc. Today’s column addresses questions about the ability to receive spousal benefits after filing early for Social Security retirement benefits, taking Social Security survivor benefits before retirement benefits and whether a survivor’s benefit from a non-covered pension would affect Social Security retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston
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Economic Security Planning, Inc. Today’s column addresses questions about how and when delayed retirement credits (DRCs) are applies, how divorced spousal benefits are calculated, how survivor benefits are calculated, filing online and whether a deceased person’s application can be withdrawn. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
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Getty On Tuesday, the Commissioner of the Internal Revenue Service, Charles Rettig, testified before the Senate Finance Committee.  His message was a clear one: He is an enforcement-minded commissioner and “the IRS is committed to pursuing those who . . . intentionally evade their tax obligations.”  Mr. Rettig did not mince words. His IRS will “aggressively pursue
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Joe Biden AFP via Getty Images Joe Biden’s ambitions seem to be rising with his poll numbers. Victory is anything but certain in far-off November, but Biden isn’t waiting until the game is in the bag. “Biden’s camp is in the disorienting position of scaling up its laundry list of proposals to match the ambition, and the
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TOPLINE In a Wednesday interview with Fox Business, President Trump said he supports a second round of direct payments to individuals—it’s the first time he has publicly declared his support for the idea, which has been the subject of vehement debate among lawmakers in Washington in recent weeks. US President Donald Trump speaks following a
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Getty The Internal Revenue Service (IRS) continues to resume operations. According to the IRS Commissioner, as of mid-month, thousands of employees had returned to facilities in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) with employees in four more states and Puerto Rico returning on June 29. The IRS will reopen facilities in
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Getty Winston Churchill once said in a speech, “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” While Churchill was referring the Allied defeat of Rommel in November of 1942, he could just as easily have been talking about the Covid-19 crisis. While lockdown restrictions have been
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A person holding a remote control pointing at the TV. Getty Lawrence A. Zelenak, the Pamela B. Gann Professor of Law at Duke University School of Law, shares his findings from watching dozens of hours of tax-related sitcom episodes. This post has been edited for length and clarity. David Stewart: Larry, welcome to the podcast. Lawrence
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Every taxpayer misplaces receipts, but as anyone who has been through a tax audit knows, the IRS usually requires them. But in one famous tax case, Cohan v. Commissioner a taxpayer won even though he didn’t have any. George M. Cohan was a Broadway pioneer with hits like “Give My Regards to Broadway” and “Yankee Doodle Boy.” His statue still stands
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