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How Long Should You Keep Old Tax Returns?

March 23, 2023 by www.forbes.com

Share to Twitter Share to Linkedin As we enter tax season 2023, you may wonder how long you should keep your old tax returns and other paperwork associated with filing your taxes. For those with hard copies of your taxes, you might wonder if you can scan them. Or do you need to keep hard copies? Keep reading as we share how long you should keep your old taxes and how to get them out of your way, hopefully. How long do you need to keep old tax records, receipts, and total tax returns (state and federal)? Another common question is how to safely store these tax docs without feeling like you are living like a hoarder. While providing tax-planning guidance over the years, I've met several people with countless boxes full of old receipts, documents, and tax returns. While some tax documents needed to be kept, most could have been shredded and thrown away long ago. What Does The IRS Say About Keeping Old Tax Returns? According to the Internal Revenue … [Read more...] about How Long Should You Keep Old Tax Returns?

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Miami Marlins Have Become Baseball’s Most Expensive Stadium Disaster

January 27, 2013 by www.forbes.com

Share to Twitter Share to Linkedin Miami-Dade county taxpayers must be wishing Miami Marlins owner Jeffrey Loria had stuck with his original game plan. MIAMI, FL - MARCH 06: A general view of the new Marlins Ballpark shot throught a fishtank behind ... [+] home plate during a game between the Miami Marlins and the University of Miami Hurricanes at Marlins Park on March 6, 2012 in Miami, Florida. (Image credit: Getty Images via @daylife) For years Loria ran a low-budget baseball franchises and made a fortune by successfully maneuvering through Major League Baseball's financial system. Loria's strategy: rely on welfare from richer baseball teams and every now and then spend enough to have a contender (the Marlins defeated the New York Yankees in the 2003 World Series ) so fans stay at least somewhat interested. During the five years through the 2011 season the Marlins posted a staggering $153 million in aggregate operating income. But … [Read more...] about Miami Marlins Have Become Baseball’s Most Expensive Stadium Disaster

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N.Y. Grand Jury Weighing Trump Charges Reportedly Calls Off Wednesday Meeting—Delaying Possible Indictment

March 22, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline The Manhattan grand jury that will decide whether to indict former President Donald Trump called off a planned meeting for Wednesday, according to multiple reports , delaying any potential charges against Trump for his ties to an alleged hush money scheme at least one more day. Key Facts It’s unclear why the grand jury—which holds secret proceedings—will not meet as planned Wednesday afternoon, the New York Times reported , citing anonymous sources who said the jury could hear from at least one more witness before voting whether to indict Trump. The 23-member jury, which previously met on Monday, could vote in its next scheduled meeting Thursday, though the Times notes that scheduling conflicts are not unusual in grand jury proceedings. The delay comes after Trump claimed without evidence on Saturday that he would be arrested on Tuesday. Law enforcement in New York City and … [Read more...] about N.Y. Grand Jury Weighing Trump Charges Reportedly Calls Off Wednesday Meeting—Delaying Possible Indictment

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Capex fiasco slashed PLDT’s 2022 earnings by 60%

March 24, 2023 by business.inquirer.net

MOVING ON A forensic review of PLDT’s P48-billion budget overrun showed “no evidence of fraud,” says company chair Manuel Pangilinan. —INQUIRER FILE PHOTO MANILA, Philippines  -PLDT Inc. is ready to move on from the P48-billion budget overrun issue that dragged its 2022 net income and resulted in multiple class action suits in US as it wrapped up the investigation into the financial fiasco. The telco giant led by tycoon Manuel Pangilinan stressed that “no evidence of fraud, intentional concealment or bad faith conduct on the part of any employee of the company” has been uncovered from the forensic review conducted by external counsel, mirroring the initial probe done previously. The overspending concern was revealed in December, with the company admitting the amount has accumulated for a few years already. PLDT previously said the budget overrun was due to high capital expenditure (capex) level as it ramped up purchases of 5G technology. PLDT uncovers P48-B ‘budget overrun’, … [Read more...] about Capex fiasco slashed PLDT’s 2022 earnings by 60%

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