Equities have their best January since 1989. If you missed the rally, did you miss out on the 2019 gains? January results posted the best beginning of any year since 1989. It’s a dramatic reversal from what was the worst December since 1931. If you missed the rally, did you miss out on the 2019...

The IRS announced some good news for certain taxpayers. It is waiving underpayment penalties for certain taxpayers whose 2018 federal income withholding and estimated tax payments fell short of total taxes owed for the year. The estimated tax penalty will be waived for those taxpayers that have at least paid 85 percent of their total tax liability through withholdings and...

Originally written by Erica York for the Tax Foundation Lawmakers’ plans to increase taxes on the wealthy range from higher marginal income tax rates to wealth taxes. Erica York for the Tax Foundation demonstrates through historical tax data that neither may work for several reasons, including the higher the tax rate, the greater the tax avoidance. Key...

The latest partial-government shutdown has been long, and while on reprieve now, may not be laid to rest until a more permanent funding bill is passed by Congress. A shutdown occurs when Congress fails to pass or the President refuses to sign legislation funding federal government operations and agencies. The most recent shutdown occurred Dec....

The following content is part of our Fly of the Month Club. This article is written by Peter Stitcher from Ascent Fly Fishing. Of the many questions asked by anglers, the most important question is rarely voiced. We routinely ask “What are they biting on?” – “Have you fished that pool?” or “How was your...

The year 2018 ushered in new levels of volatility, which swept both the domestic and international markets. Domestic stocks fared better than international stocks for the year, buoyed by earnings optimism and a strong dollar. Markets around the world struggled earlier, impacted by the ongoing trade war between the U.S. and China, geopolitical issues such...

Investor weariness about trade talks, the Federal Reserve, a government shutdown, and global economic growth lingered into the New Year. Despite the turbulent end to 2018, the U.S. economy continues to be resilient into 2019. Unemployment is at its lowest level in 49 years, wage growth is reaching levels not seen since 2009, and consumer...

IRS proposed regulations and a related revenue ruling clarify the type, timing, and tax deferral provisions for maximizing the tax benefits of a Qualified Opportunity Zone (Zone) investment. The earlier a taxpayer invests in a Zone, the greater potential step-up in tax savings. The IRS issued proposed regulations and a related revenue ruling addressing the...

Originally written by Erica York for the Tax Foundation As 2018 closed earlier this week, many Americans were considering making last minute, end-of-year charitable donations. While the new tax law contains many changes that will impact these decisions, we can look at Internal Revenue Service (IRS) data to gauge how much Americans have deducted for...

The following content is part of our Fly of the Month Club. This article is written by Tom Caprio of 5280 Angler Similar to the way some investments have a proven track record of performance year in, year out, there are flies that produce fish time and time again. The financial world is full of variables,...