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Syria Advances on Kurdish-Held Areas as Washington Urges Restraint The New York TimesSyrian army surges into Kurdish-held towns in ‘betrayal' shattering prospects of accord The GuardianSyrian government seizes strategic town in Raqqa from Kurdish forces in an ongoing push eastward WRALSyria fighting live: SDF braces for Raqqa ass
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Syrian army surges into Kurdish-held towns in ‘betrayal' shattering prospects of accord The GuardianSyria fighting live: SDF braces for Raqqa assault as gov't troops march on Al JazeeraSyrian army moves east of Aleppo after Kurdish forces withdraw BBCKurdish forces retreat as government troops advance across northern Syria CNN
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Trump Announces New European Tariffs in Greenland Standoff; Allies Outraged The New York TimesTrump says 8 European countries will face 10% tariff for opposing US control of Greenland AP NewsProtests explode in Greenland amid Trump takeover push: 'We are not interested in being Americans' Fox News'Not for sale': massive protest in Copenhagen against Trump's desire to acquire Greenland NPR
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Here's where Trump's most jaw-dropping promises stand a year into his second term ABC NewsHere's where Trump's most jaw-dropping promises stand a year into his second term AP NewsOpinion | A Conservative Critiques Trump's First Year The New York TimesHas it only been a year? 12 months of all Trump, all the time USA Today
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Learn how to leverage AI to improve processes, power growth and make stronger connections with your customers.
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Conservative investors favor stocks trading at low P/E ratios — and the long-term record proves them right.
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Your life insurance monthly premium can start looking less and less appealing once you've retired. It's a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own parents. "The cost of the insurance had risen to the point where it was getting unaffordable. They were wondering do we really need to keep this coverage now that the kids are all grown up?"
If you stop paying your premiums, you lose your life insurance coverage, and your heirs wouldn't get anything back for what you've paid in. If you cancel a policy that has cash value, a reserve of money built up in some types of life insurance, the insurer sends you a check for that amount, though it will be far less than the listed death benefit.
Over the past 20 years, a third option went mainstream: selling your policy to a company, a practice known as a life settlement, with the buyer getting the death benefit when you die.
SEE MORE Don't Fall for That Life Insurance Ad on TV
"It's kind of morbid when you think about it. A group buys boatloads of policies from people that have fallen on hard times and can no longer afford their insurance," profiting from the seller's death, says Simon. "In theory, they want you to die tomorrow. If you live another 20 years, it's a bad investment for them."
Selling a life insurance policy generally isn't a great deal for you either, and there are better alternatives worth exploring. Simon finds that people typically turn to selling a policy when they're desperate. Usually, it's because they've spent down their other retirement assets, or they might be dealing with high medical bills. "It's a measure of last resort, like taking a reverse mortgage. I rarely see them working out well for people, and they could en
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The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven't run for the hills, it's worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but the IRS as well. In terms of crypto news and taxes, the IRS recently proposed changes to cryptocurrency tax reporting question on the Form 1040. The agency will also receive $80 billion from the Inflation Reduction Act, some of which will be directed to digital asset enforcement—including cryptocurrency tax compliance.
Additionally, you may have heard that the IRS continues to successfully obtain court orders to require cryptocurrency brokers and exchanges to provide information to the IRS. That information concerns investors who failed to report and pay taxes on cryptocurrency transactions.
And while this IRS enforcement focus isn't new, recent crypto announcements and developments from Congress, the Biden administration, and the IRS, mean that it's important to stay up-to-date on crypto tax reporting and compliance. So, here's some information to get you started.
How Crypto is Taxed
A common question about cryptocurrency concerns how crypto is taxed. The answer is that cryptocurrency is considered property, so it's taxed by the IRS in the same way that other capital assets are taxed. As a result, when you sell or trade crypto, you can have asset losses and potential taxable gains depending on the fair market value of the virtual currency, and your basis in the crypto.
SEE MORE 9 Ways to Cut Crypto Taxes Down to the Bone
Given that, it
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