The SEC said Toth called his financial advisor and arranged to buy 5,000 shares of O'Charley's after his client revealed the impending acquisition during a tax-planning meeting. Nash bought 10,000 shares, while Schlossberg tipped his business partner, Moshe Manoah, and the two of them jointly bought stock using an account held by Manoah's wife, the SEC said.» Read More
Is a tax refund coming your way? If you have already received your refund for 2011 or are about to receive it, you might want to think about the destiny of that money. Here are some possibilities.
Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.
For most of us, retirement will be the shortest, most challenging period of our lives and yet few are fully prepared for this life stage.
Last year, property tax collections declined 0.9 percent when adjusted for inflation. If that downward trend continues, property taxes may actually decline in absolute terms, which hasn't happened since the Great Depression. USA Today reports.
"Delaying retirement leaves a worker with fewer years of retirement to finance, more time to save and earn returns, and higher Social Security benefits," says one financial planner.
One has to cut when one can’t borrow any more. But that still hasn’t stopped the various interested parties and think-tanks on both sides of the Atlantic from arguing on whether this is the optimum approach or not.
Paul Heffner, Partner & CIO, CEO, Gen2 Partners thinks that HK could be losing it's competitiveness to other markets from a tax incentive and concessions point of view.
Steve Towers, Senior International Tax Partner at Deloitte and Kang Choon Pin, Tax Services Partner at Ernst & Young Solutions shares their expectations on how the 2012 HK budget might affect its tax structure.
Amid the wailing and gnashing of teeth that are governments’ attempts to confirm the long-term viability of the euro project, we are also witnessing an attempt to introduce a financial transactions tax (FTT) or “Tobin Tax” in the European Union.
The IRS audited one in eight millionaires who filed taxes last year while only auditing 1 in 100 individuals earning less than $200,000 in an effort to "assure that there's equity in the system."
Prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities, and sources briefed on the matter said the three worked for Wegelin & Co, one of Switzerland's oldest private banks.
The stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. The New York Times reports.
At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.
The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government.
With 401(k)s, IRAs, Roth IRAs, and Social Security benefits, seniors have plenty to figure out when it comes to paying Uncle Sam.
Congress is battling over whether to extend the payroll tax cuts passed last year. Here's how to use currencies to trade the debate.
Few, if any, politicians like to raise taxes, and those who do often pay dearly for it. Raising taxes, however, is sometimes a necessity evil, because there is simly no other way to increase revenue or reduce a deficit. What do you think?
Worries about municipal bond issue defaults have been overblown, obscuring the investment advantages of a once trusted debt instrument.
Taxpayers looking for ways to trim their 2011 tax bill, or simply to avoid unpleasant surprises when they file their returns, have a few weeks to make potentially helpful, money-saving moves.
There's nothing like taxes to start an argument. Though virtually everyone thinks they are too high in general, there's little agreement on what's fair for one group versus another.