Francine J. Lipman In The News

Homes.com
Selling your home can be a financial windfall, but it can also trigger a hefty capital gains tax bill. Fortunately, there are several ways to reduce or avoid that tax if you know the rules. Of course, it's impossible to provide information that applies to all sellers, as everyone's situation is unique. For guidance tailored to your specific situation, please consult a licensed tax professional.
K.S.N.V. T.V. News 3
Tipped workers are expressing concern over their futures as the "no tax on tips" policy is falling short of what they hoped for.
K.S.N.V. T.V. News 3
Tipped workers in Nevada, particularly in Las Vegas, are grappling with the reality behind the "no tax on tips" promise, which experts say is misleading. Debra Jeffries, a cocktail waitress and 45-year member of the Culinary Workers Union, expressed her frustration, saying, "Yeah, it's quite a bait and switch from the campaign days to what it basically boils down to. And we're not even sure what that boils down to."
K.N.P.R. News
President Trump signed a proclamation last week marking the 90th anniversary of the establishment of Social Security, the landmark social safety net program passed during the height of the Great Depression to provide basic financial relief to the country’s seniors.
National Journal
For immigrants in the U.S. attempting to avoid deportation but still trying to play by the rules as best they can, the masked federal officers roaming the streets aren’t their only worry. It turns out the records they provided the government, such as tax and medical information, could be their undoing now that the Trump administration is using that data to locate them and their families.
Reno Gazette-Journal
The new federal law making tips tax-free could benefit Nevada workers more than those in other states — but there are also caveats, such as a little-mentioned marriage penalty.
Reno Gazette-Journal
Tucked in President Donald Trump’s budget bill is a tax increase for gamblers. The change decreases how much of gamblers' losses can be deducted from their federal taxes. One effect is that those who itemize their IRS returns will pay taxes on losses as if they were income.
K.S.N.V. T.V. News 3
The discussion comes as lawmakers consider the potential benefits and drawbacks of the proposed change.