Rachel Simon

752 Flips | 5 Magazines | 6 Likes | 12 Following | 107 Followers | @rsimon14 | Keep up with Rachel Simon on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Rachel Simon”

How to earn $101,200 per year and pay ZERO taxes.

Did you know there’s a completely legal way to make six figures a year, without paying ANY taxes?<p>It sounds too good to be true, but I promise it’s …

Retirement

50 things to stop wasting your money on

Here's How the Social Security Retirement Benefit Formula Works

Do you know how much retirement income to expect from Social Security?<p>Social Security is the largest retirement program in the United States, but far …

'I've been stupid. I should have saved instead of going on holidays'

I am 56 years old and I recently took out a £5,000 loan and moved to Prague, to take up a position as a wealth manager for high net worth clients. Before that, I was working as a cab driver in Gateshead in Tyne and Wear. I was working between 65 and 70 hours a week, sometimes more.<p>My salary now is …

Sea Kayaking Croatia

The Cold War cannons are long gone, though their tunnels remain--a network of catacombs bored deep into a limestone hillside on the Croatian island …

How Different Retirement Income Is Taxed

We all dream of the day when we can leave a boring corporate job or unfulfilling career behind for good, take our retirement savings and spend more …

This Floating Sauna Hotel Offers an Amazing View of the Northern Lights

At this hotel, catching a glimpse of the Northern Lights is sure to be a highly relaxing experience.<p>Opening later in 2018, the Arctic Bath hotel …

Northern Lights

How the IRS may mess up your paycheck this year

Beginning in February, Americans can expect to see tax reform changes reflected in their paychecks, now that the Internal Revenue Service (IRS) has unveiled its new withholding tables.<p>However, the new system, updated by the IRS and the U.S. Treasury Department in under one month, could leave more …

11 Expert Tips To Make 2018 Your Most Productive Year Ever

Could eating cake for breakfast and never listening to your voicemail help you get more things done?<p>Did you have a productive 2017? Don’t answer that. No matter how much you got done last year, or how efficiently you did it, you can probably give your work habits a tune-up for the year ahead.<p>Maybe …

Productivity

Cryptocurrency Investors Lose Major Tax Break Under New U.S. Tax Code

Matthew Neuteboom | Dec 25, 2017 | 15:30<p><b>The new U.S. tax code amends IRC Section 1031 (a)(1) regarding “like kind exchanges,” excluding all</b> …

Cryptocurrency

Tax Bill's Effect On Reported Earnings - How Big A Deal?

When President Trump signed the tax bill yesterday, there was an immediate effect on the reported earnings of every US company that reports using Generally Accepted Accounting Principles. There will be some companies with very large income pickups and others, believe it or not, with very large …

Finance

18 Places to Go in 2018

Christopher William Adach/Flickr<p>Wondering where to travel in 2018? We’ve got you covered.<p>It’s never easy to decide which destinations to feature in …

10 countries where your money will last the longest

The folks at Travelex, the foreign-exchange giant, recently published a list of the destinations where £500 (currently, $674) would last the longest. Although the list targeted British travelers, the figures should work out about the same for travelers from North America.<p>The Travelex figures are …

TaxProf Blog

Comments<p>Not much of an issue. Ever year hundreds of US citizen renounced their citizenship, mostly for tax purpose. She can simply renounce her …

All You Need to Know About Bitcoin’s Rise, From $0.01 to $15,000

The initial price of bitcoin, set in 2010, was less than 1 cent. Now it’s crossed $16,000. Once seen as the province of nerds, libertarians and drug …

How parents of adopted children foiled a U.S. Republican tax proposal

(Refiles Nov. 30 story to cut extraneous word ‘against’ in 2nd paragraph; corrects garbled sentence in paragraph 17)<p>FILE PHOTO: Graduate students rally against the proposed GOP tax reform bill at Union Square in the Manhattan borough of New York City, New York, U.S., November 29, 2017. …

Disability

5 Ways Congressional Tax Legislation Would Transform Health Care

Having failed to repeal and replace the Affordable Care Act, Congress is now working on a tax overhaul. But it turns out the tax bills in the House and Senate also aim to reshape health care.<p>Here are five ways the tax legislation could change health policy:<p><b>1. Repeal the requirement for most people</b> …

Tax Strategy: What's new with information return compliance

The Internal Revenue Service and Congress have been turning to data collection — and information returns in particular — for quite some time as a …

Meghan Markle's U.S. citizenship could cause tax headaches for British royal family

It may seem like a modern fairy tale, but the upcoming wedding of Britain's Prince Harry to American actress Meghan Markle will come with some …

The World's Most Epic Day Hikes

Adventure<p>These tremendous treks don't require an overnight bag.<p>Every trail offers a fresh adventure, whether you meander along a river, through a forest, or into a valley. With these 10 treks from around the globe, you'll take in views of gorgeous landscapes, challenge your abilities, and see a new …

Hiking

The 13-Minute Definitive Guide to Living Your Dreams

Last week, I visualized my new workout partner.<p>Last week, I visualized my new workout partner. Today, I'm benching 20 lbs more than I ever have before.<p>A few months ago, I noticed a 50-year-old man at the gym lifting twice what I lift in every exercise. His energy and overall vibes inspired me. …

subconsciousmind

IRS warns tax professionals: 'Don't take the bait' from scammers

ID crooks and hackers are doing an end-run around you by targeting your tax pro with what the Internal Revenue Service is dubbing a phishing epidemic.<p>According to the IRS, there were 177 tax professionals or firms that reported data thefts involving client information relating to thousands of tax …

Identity Theft

How Charitable Giving Can Impact Your Taxes

Updated March 01, 2018<p>Charitable giving during the holiday season is a recognized tradition all over the world. From donating to your favorite …

One-third of American families spend 20% of their income on child care

Being a working parent is expensive.<p>Almost one-third of families spend at least 20% of their household income on child care, up from 18% in 2014, …

Child Care

IRS Probe of Bitcoin Goes Too Far, GOP Warns

A closely-watched fight between the Internal Revenue Service and a popular bitcoin exchange took a new twist last week, as senior Republicans in …

5 Ways to Build A Better Tax Plan for 2017

Taxes may be inevitable, but they're also something you have some power over. Here are five strategies to manage your tax burden going forward.<p>You …

Retirement

Health Policy Is Vital to Tax Reform Policy

Today the House Ways and Means Committee is scheduled to hold a hearing on improving the competitiveness of American businesses. It should consider health policy as well as tax policy in its deliberations.<p>There is strong bipartisan support in Congress for cutting the corporate tax rate to improve …

IRS Can Issue Tax Refunds, Then Demand Them Back With Interest

Getting a hefty tax refund can be a big relief. When you file your return with the refund showing, you might think something will go wrong, or that you may have miscalculated. When the payment arrives, you may well breathe a big sigh of relief. After all, surely the IRS would not send out your …

Identity Theft

When a Conservation Tax Break Protects Backyards and Golf Courses

Use of a deduction designed to protect environmentally sensitive land expanded dramatically in recent years, a new study says<p>Is a popular tax break for land conservation worth the cost? No, a former Treasury official says in a new paper. The obscure tax break for conservation easements is difficult …

Conservation