🖨 Print⏱ 3 min readNon-fungible tokens (NFTs) have exploded in use and popularity in recent months. NFTs have some special tax considerations to be aware of that can be different than fungible tokens, but before we get into that, let’s look at exactly what NFTs are. What are NFTs Economically speaking, fungible assets are those … Continue reading “Non-Fungible Tokens and Their Special Taxation”
🖨 Print⏱ 4 min readAs the January 2021 World Bank Pink Sheet documented, prices increased month-over-month from November 2020 to December 2020. Highlights include the price of oil jumping by 15 percent. The cost of fertilizer jumped 2.2 percent, grains increased by 3.8 percent and iron ore jumped by 25 percent. While there’s been no … Continue reading “How Will the Projected Commodity Super-Cycle Impact Investors in 2021?”
🖨 Print⏱ 4 min readAmerican Rescue Plan Act of 2021 (HR 1319) – This $1.9 trillion relief bill provides stimulus money to address the continued impact of COVID-19. Provisions include issuing $1,400 checks to taxpayers, increasing the Child Tax Credit up to $3,000 and the dependent care credit to $4,000, and providing funds for schools, … Continue reading “Economic Stimulus, Making the Post Office Solvent Again, Gun Control, Voting Rights and Restricting China’s Influence”
🖨 Print⏱ 2 min readThe deadline has passed to elect Section 475 MTM for tax year 2020, but it’s still possible to do so for 2021. In this article, we’ll cover the basics about when and how to make the election. Section 475 Basics Eligible traders have the option to make a Section 475 election, … Continue reading “Why Traders Should Consider Making the Section 475 Election Before the Tax Deadline”
🖨 Print⏱ 4 min readThe majority of U.S. industrial product company CFOs have shared concerns that COVID-19 would impact their businesses negatively. For companies that develop and manufacture products, understanding the product lifecycle and how to work around crises like the COVID-19 pandemic can be effective to help improve the longevity and success of companies. … Continue reading “How Companies Can Become More Nimble During the Product Lifecycle”
🖨 Print⏱ 3 min readNearly one year after the COIVD-19 pandemic-driven shut-downs began the shutter the economy, Democrats pushed through another $1.9 trillion stimulus package by narrow margins, with the President set to sign the bill. The legislation is one of President Biden’s first major achievements and contains numerous provisions that impact millions of Americans. … Continue reading “Latest Stimulus Bill Provides More Relief for Americans and the Economy”
🖨 Print⏱ 4 min readThe Tax Reform Act of 1984 enacted a provision that commercial leases need to be tested under Internal Revenue Code section 467. The intent of section 467 is to prevent tax sheltering of income that could arise due to differences between cash and accrual basis income taxpayers by placing both the … Continue reading “The Return of Section 467 Rental Agreements”
🖨 Print⏱ 4 min readNow that the Keystone XL pipeline is being shut down and southern parts of the United States are experiencing extremely cold weather, how will increasing oil prices impact the economy as the COVID-19 vaccine is being rolled out? With West Texas Intermediate (WTI) crude closing at $58.22 per barrel on Feb. … Continue reading “How Will Surging Oil Prices Impact the Economy in 2021?”
🖨 Print⏱ 4 min readWhen a business moves its services online, it runs the risk of losing the close connection it had with customers. This affects customer loyalty and sometimes means lost revenue. Thanks to technology, some businesses have deployed artificial intelligence (AI) chatbots to keep customers engaged in a two-way conversation. What is an … Continue reading “How AI Chatbots are Transforming Businesses”
🖨 Print⏱ 4 min readIf someone you know died from COVID-19 and had an existing life insurance policy, there should be no problem receiving the death benefit. The terms of a life insurance contract cannot be changed after purchase, so anyone with a policy before the pandemic will continue to be covered as long as … Continue reading “The Impact of COVID on Life Insurance”
