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Monthly Archives: April 2019
39 Million Americans Can’t Afford a Summer Vacation
An estimated 39 million Americans will not be taking a summer vacation because they can’t afford to. Vacations typically cost $2,000 on average. 1 in 5 that can’t afford a vacation explain that debt and the cost of a vacation … Continue reading
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Things Taxpayers Should Know About the Sharing Economy and Their Taxes
There are six things taxpayers should know about how the sharing economy might affect their taxes. The activity is taxable: Sharing economy activity is generally taxable, even when: The activity is only part time; The activity is something the taxpayer … Continue reading
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Alliance of American Football Files for Bankruptcy
Alliance of American Football has filed for chapter 7 bankruptcy. The filing lists more than $11 million in assets, but more than $48 million in liabilities. The assets include football equipment, uniforms, and contracts from the players. If you are … Continue reading
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L.A Developer of Celebrity Real Estate Arrested
Robert Shapiro, owner of Woodbridge Group of Cos., and two other company executives have been accused of tricking thousands of investors in a $1.3 billion Ponzi scheme and have been arrested. High pressure sales tactics were used to obtain money … Continue reading
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Luxury Company Roberto Cavalli Closes Its U.S. Stores
Struggling Italian fashion house Roberto Cavalli has stopped all North American operations. Headquartered in Florence, the company has lost most of its fan base in recent years, therefore struggling to make sales and maintain its competitive profile. A spokesman has … Continue reading
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New York Church Members Plead Guilty to Conspiracy to Defraud the United States
Jermaine Grant and Lincoln Harrington pled guilty to one count of conspiracy to defraud the United States. The two were high-ranking officials of the Israelite Church of God and in Jesus Christ. They took nearly $3 million of the churches … Continue reading
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Tax Guide for Retirement Savings
Anyone with a traditional Individual Retirement Arrangement (IRA) may be eligible for a tax credit or deduction on their 2018 tax return if they make contributions by April 15th, 2019. An IRA is designed to enable employees and the self-employed … Continue reading
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St. Louis Attorney Accused of Sexually Assaulting a Client
Joseph Neill has been charged with sexually abusing a female client twice by placing her hand on his crotch over his pants. The attorney has been charged with second degree sexual assault which is a Class A misdemeanor. If you … Continue reading
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Goldman Sachs Fined $45 Million for Reporting Failures
The United Kingdom’s market watchdog has fined Goldman Sachs International £34.3 million pounds (45 million US) for failing accurate reporting of transactions for over a decade. The company resolved the case quickly in order to avoid a higher fine of … Continue reading
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