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Berkshire’s Munger Weighs In On ‘Stupid’ Tax Policies … And Much Else

PYMNTS

In a series of commentaries at the annual shareholder meeting of the Daily Journal, Munger said that some states — including California, Connecticut and New York — have been “stupid” as they have driven wealthier individuals away amid onerous tax and regulatory policies. In addition, some politicians, such as New York Rep.

Taxes 100
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For Taxpayers Looking For Stimulus Checks, IRS Site Leaves Them In Limbo

PYMNTS

One 73-year-old Connecticut resident is wondering if she’s eligible for payment based on her 2018 or 2019 tax returns after being laid off from a nonprofit. Other notifications could say that one has been deemed eligible, but that the payment status is still unknown.

Wisconsin 175
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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. New York City and Miami were the original targets under the first order in 2016.

El Paso 195
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On Demand Pay Finds A Home In Financial Services

PYMNTS

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

Taxes 170
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FTC Shuts Down Debt Collector as Part of “Operation Corrupt Collector”

CFPB Monitor

Falsely threatening debtors with arrest, criminal prosecution, service of legal process at their residences or workplaces, civil lawsuits, civil liabilities or penalties, wage or tax-refund garnishments, liens on vehicles and homes and the freezing of assets. Using profane or abusive language when communicating with debtors.

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Debt Collection Tops ID Theft On FTC Complaint List

PYMNTS

Identity theft, at the second spot in top complaints, jumped more than 47 percent year over year in 2015, with a chief impetus being tax identity theft. The category of identity theft was seen most often in Missouri, Connecticut and Florida.

Florida 100
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How to Withdraw Bitcoin to Your Bank Account

MyBankTracker

As long as you don’t live in one of the excluded states (Vermont, New York, Connecticut, Nebraska, Hawaii, and Nevada) you can withdraw cash directly to a linked bank account. Remember to Pay Taxes. Remember: Any profits made make from trading cryptocurrency is subject to tax. What about in the UK or other countries?

Bitcoin 52