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Will IRS Funding Proposals Result in More Audits for Wealthy Clients? 06/21/2021 12:00am • Financial advisors play a big role in strategic tax planning for their clients. That means staying up to date on proposed changes to the tax law, such as a bill Sen. Elizabeth Warren introduced that would add more than $30 billion to the Internal Revenue Service budget. According to a press release 13 Things Your Boss Can't Legally Do 06/21/2021 12:00am • No one is above the law, including your boss. The National Labor Relations Act and a variety of statutes overseen by the U.S. Equal Employment Opportunity Commission protect employees from hostile work environments, discrimination and unfair labor practices. There are also state and local regulatio Sports betting brings stunningly low amount of money to DC 06/19/2021 11:32am • A tax revenue windfall from legalized sports betting has yet to become reality in D.C. The D.C. Council first voted to legalize sports betting in 2018, with promises of tens of millions of dollars in new tax revenue. Every year since, those revenue projections have been revised down as legal b Maryland seeks dismissal of case challenging first-of-a-kind digital ad tax 06/18/2021 10:03pm • This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. A lawsuit seeking to block Maryland’s first-of-its-kind tax on social media digital advertising revenue should be dismissed, the Maryland Does Settling Credit Card Debt Affect Your Credit Score? 06/18/2021 12:00am • Does settling a debt hurt your credit? That's probably the No. 1 question on your mind if you're considering a debt settlement. If you're in over your head, settling credit card debt is one way to break free of the cycle of late fees and missed payments. However, you could deal with the repercussio 4 Things to Know About a Global Minimum Corporate Tax Rate 06/18/2021 12:00am • From June 11-13 in Cornwall, England, leaders from the G-7 group of industrialized nations affirmed a proposal to rewrite international tax rules for multinational corporations. While still in its infancy, the U.S. Treasury Department, President Joe Biden's administration and many European nations Backers of Hogan's highway plan scramble to get project back on track 06/17/2021 07:47pm • Traffic often moves slowly on the Capital Beltway near the American Legion Bridge. (WTOP/Dave Dildine) This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. One day after a regional transpor Nonprofit calls on Orioles to support Baysox players with housing costs 06/17/2021 05:51pm • A nonprofit for minor league baseball players has called for Baltimore Orioles team officials to offer more support for the Bowie Baysox. In a series of tweets on Tuesday, Advocates for Minor Leaguers said they were told multiple players on the Bowie Baysox were considering sleeping in their cars How to Choose the Best Financial Planning Software 06/17/2021 12:00am • Financial planning isn't the pen-and-paper activity it used to be. Luckily for advisors, abacuses and calculators you have to crank are technologies of the past. But while modernization has made math easier, it's also made the art of long-term financial planning more complicated. Today's advisors ne Richmond council votes to hold referendum on casino 06/16/2021 08:59am • RICHMOND, Va. — The Richmond City Council has voted to hold a referendum on building a casino. News outlets report that the council voted 8-1 on Monday to approve the addition of the November referendum on whether to permit the casino to be built. Councilwoman Katherine Jordan, who represent Q&A: Understanding Captive vs. Independent Advisors 06/16/2021 12:00am • Financial advisors have no shortage of career paths from which to choose. They may choose to be a representative at a major brokerage firm, such as Fidelity or Vanguard, or they could follow the franchise model with Edward Jones. Both are examples of being what's called a captive advisor. Alternati How to Use Your IRA to Buy a House 06/16/2021 12:00am • If you're shopping for a new home, you may be looking for ways to fund the purchase. Taking out cash from a retirement account such as an IRA might be an option in some cases. However, before you withdraw money from an IRA, you'll want to evaluate the short-term and long-term consequences. Use the f What Is a Roth IRA? 06/14/2021 12:00am • A Roth individual retirement account allows you to earn tax-free investment growth on your retirement savings. When you save for retirement in a Roth IRA, you don't have to worry about a big tax bill in retirement because withdrawals are typically tax-free. Here's how to save for retirement in a Ro DC soda tax proposal withdrawn 06/12/2021 08:45am • A D.C. council member has withdrawn a proposed tax that would have added a 1.5-cent-per-ounce excise tax any on sugary drinks, such as sodas, energy drinks and sports drinks. "While I am so proud of the diverse coalition of people leading this effort in community, I recognize that there is not e 7 Best No-Load Mutual Funds 06/11/2021 12:00am • No-load funds are sold without a commission or sales charge.Investors looking to keep their expenses low when it comes to investing in mutual funds may look to no-load mutual funds. A no-load fund is a mutual fund that allows investors to transact mutual fund shares without paying charges and commis