Latest News for: tax loss

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A CPA flags a tax strategy that saved one commercial real estate investor $1.8 million

Business Insider 04 Apr 2025
"You can take a big chunk in those first couple of years and basically put yourself into a loss position because the deduction is so large, and not have to pay any tax — and that loss generally carries over.
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$165M in debt approved for sale of two hospitals. What comes next?

The Providence Journal 04 Apr 2025
The analysis also noted that Centurion is putting no new equity into the hospital turnaround, just debt, and the organization has no experience running hospitals.Politicians unhappy with loss of tax revenue.
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UCLA report claims the “mansion tax” stifles commercial development in L.A.

The Los Angeles Times 04 Apr 2025
County not affected by the tax ... Smith said the decline led to a $25-million annual loss in property tax revenue, and that loss will compound over the next few years. In a decade, the loss in revenue could exceed the funds brought in by the tax.
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Odds to win the Mega Millions jackpot improve next week, but come with these tax issues

Usatoday 04 Apr 2025
While Mega Millions may be “new and improved,” the tax situation isn’t, experts said ... If you have any gambling losses and itemize your taxes, you can technically apply that against your winnings to lower the taxable amount of your jackpot, Pon said.
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Fear that Trump tariffs will spark recession wipes out $2 trillion in value from US ...

Denver Post 04 Apr 2025
Owner of The North Face, Vans among Colorado companies hit with worst one-day shares loss following tariff concerns No more cheap skirts ... Virtually every sector suffered big losses as U.S ... In many cases that tax will be passed on to consumers.
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Don’t tinker with tax structure in Florida — yet | Editorial

Sun Sentinel 04 Apr 2025
The ITEP data indicates why House Speaker Daniel Perez is on a fairer track in proposing to cut the sales tax instead, from 6 cents to 5.25 cents on the dollar, which could mean the loss of $5 billion a year in revenue, most to the state.
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No more cheap skirts: Trump ends tax exemption for low-value Chinese imports

Denver Post 04 Apr 2025
However, it’s unclear what impact the loss of the tax exemption will have on the two online retailers, as well as on American companies like Amazon and Walmart, whose platforms include virtual ...
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What should I do with my 401(k)? How to protect retirement funds amid stock market drop

Azcentral 04 Apr 2025
They expect these taxes will slow consumption and economic growth, possibly leading to a recession ... For starters, you don’t want to withdraw money from your account, as that would lock in any losses and possibly subject you to taxes.
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Republicans moving ahead with Trump bill of tax breaks, spending cuts amid tariff uproar

Journal Gazette 04 Apr 2025
Strategic Tax-Loss Harvesting. Market declines create valuable tax-loss harvesting opportunities. Identifying positions with unrealized losses while maintaining market exposure through temporary substitutes can generate significant tax benefits.
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US tariff threats won't derail Irish economy – Davy

RTE 04 Apr 2025
Davy said that while a loss of corporation tax paid by pharmaceutical companies in Ireland looks increasingly likely, this will not necessarily have a corresponding effect on the real economy, which is measured by national income.
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As economy turns the corner, PM announces massive power tariff cut

The News International 04 Apr 2025
He termed it as an Eid gift, albeit a “small one,” and urged the business community to boost exports and contribute to the national exchequer by paying their due taxes ... in the loss-ridden power sector.
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New programs could increase child care availability in Mississippi

Delta Democrat-Times 04 Apr 2025
The two other programs were developed to help employers understand how much child care issues are costing their businesses, and to take advantage of a tax credit incentive to help their employees meet that need.
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Could Trump's tariffs lead to national recession? Here are ways Louisiana will be impacted

Gonzales Weekly Citizen 04 Apr 2025
President Donald Trump announced a 10% baseline tax on imports from all countries on Wednesday ... Financial activities in Louisiana may also be impacted by a recession due to job losses and reduced investment activity.
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Dow drops nearly 1,680 in biggest wipeout since 2020

Journal Gazette 04 Apr 2025
Strategic Tax-Loss Harvesting. Market declines create valuable tax-loss harvesting opportunities. Identifying positions with unrealized losses while maintaining market exposure through temporary substitutes can generate significant tax benefits.
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