NEW YORK, June 25 (Reuters) – Like a lot of American couples
in the late 1950s, my parents got a set of sterling silver
flatware for their wedding. And also like many, they have not
used it for many years.
So this spring, with my parents looking to move and my
sister, brother and I uninterested in silverware that requires
regular polishing, I started looking to sell it.
BANGKOK (Reuters) – Thai police fired teargas on Friday at royalist protesters bent on bringing down a caretaker government after a court threw Prime Minister Yingluck Shinawatra out of office and an anti-graft agency indicted her for negligence.
Yingluck’s Puea Thai Party still runs the interim government and is hoping to organise a July 20 election that it would probably win, but the protesters want the government out, the election postponed and reforms to end the influence of Yingluck’s brother, former premier Thaksin Shinawatra.
NEW YORK (Reuters) – There are many tax-time nightmares, but here’s one of the most common: You don’t have the cash to pay what you owe on April 15.
“A couple of weeks ago, I ended up talking a young woman off a ledge, as it were, because she discovered she had screwed up on her withholding and owed a bunch of tax,” says Melody Thornton, a certified public accountant in Cardiff, California.
NEW YORK (Reuters) – If you spend large chunks of your working life on a plane, you may have a tax issue: The tax complexities of road warriors can be mind-numbingly complicated, and consultants, entertainers, motivational speakers and others who work in multiple states may not even realize where and what they owe.
“Road warriors need to look at where they are going, how often they are going, and what they are doing there,” says Michael Bozimowski, a principal at accounting firm Rehmann in Farmington Hills, Michigan. “There is no good way to come up with a flat ‘this is what you need to do’ because the state rules are so variable.”
NEW YORK (Reuters) – You might be able to score a free lunch these days, but get anything beyond that and the Internal Revenue Service may come after you for taxes.
Lucky enough to score an $80,000 goodie bag at the Oscars? You’ll owe something in the neighborhood of $26,400, if you’re in the 33 percent tax bracket. Won an iPad in a raffle at a conference? That would be more than $100.
NEW YORK, March 28 (Reuters) – You might be able to score a
free lunch these days, but get anything beyond that and the
Internal Revenue Service may come after you for taxes.
Lucky enough to score an $80,000 goodie bag at the Oscars?
You’ll owe something in the neighborhood of $26,400, if you’re
in the 33 percent tax bracket. Won an iPad in a raffle at a
conference? That would be more than $100.
NEW YORK (Reuters) – Married same-sex couples this year will file their U.S. income tax returns just like heterosexual married couples because of the Supreme Court’s decision in June to strike down key parts of the Defense of Marriage Act.
For insight into how gay and lesbian couples should plan this tax season, we turned to Nanette Lee Miller and Janis Cowhey McDonagh, who head accounting firm Marcum’s LGBT and nontraditional family practice.
BANGKOK (Reuters) – Seven people were wounded, one seriously, after gunmen opened fire on anti-government protesters in Bangkok early on Saturday, heightening fears of more violence when protesters try to “shutdown” the capital next week in their long-running bid to overthrow Prime Minister Yingluck Shinawatra.
“Two shootouts occurred in the early hours of this morning at an intersection near the Khao San Road tourist area. Altogether seven people were injured, most of them anti-government protesters. We are still investigating who the gunmen were,” said national police chief Adul Saengsingkaew.
NEW YORK (Reuters) – With college costs already astronomical and rising, saving for them isn’t just a year-end thing. But if those prices – averaging $40,917 a year for a private four-year college or $18,391 for a state school, according to the College Board – have got you down, there are some ways to max out your savings before 2013 ends.
You can stuff a lot of money into a 529 college savings plan now and then do the same thing at the beginning of 2014 – a strategy that advisers say they are seeing many wealthy clients adopt this year. Because of the interplay of gift tax rules and generous contribution limits on these plans, affluent grandparents (or parents, but it’s usually grandparents) can set aside as much as $84,000 per grandchild over the next month or so.
NEW YORK, Nov 25 (Reuters) – Investors who bet on the U.S.
stock market have done very well this year – the Standard &
Poor’s 500 stock index is up more than 25 percent since
That might make the average investor think there is no point
in trying to look for losing investments to sell for tax
purposes, typically a smart year-end tax strategy. But it would
be a mistake to not at least look for losers.