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Top hobermanlesser.com News

Big Beautiful Bill · United States

How the “big, beautiful bill” will deepen the racial wealth gap

53% Left coverage: 15 sources

President Donald Trump has said the “big, beautiful bill” he signed into law on July 4, 2025, will stimulate the economy and foster financial security. But a close look at the legislation reveals a different story, particularly for low-income people and racial and ethnic minorities. See the Story

Startups · United States

How the "Big Beautiful Bill" Boosts QSBS Benefits for Startup Employees and Founders

Coverage: 2 sources

Range reports on new GOP budget legislation that enhances QSBS benefits, potentially saving startup founders and employees millions on taxes.See the Story

Is college financial aid taxable? A crash course for families | Hoberman & Lesser

College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year. The average cost for tuition and fees for out-of-state students at public colleges was $30,780. For in-state students, the cost was $11,610. Of course, there are additional costsUnited States · United States Read Article

House-Passed One, Big, Beautiful Bill Act Includes Removal of $200 Tax Stamp on Suppressors

100% Right coverage: 1 sources

On May 22nd, the House passed its version of the One Big Beautiful Bill Act (OBBBA). The legislation includes a long overdue provision to remove the burdensome tax stamp on firearm suppressors. Specifically, this bill would eliminate the $200 excise tax on suppressors. This tax originated from the National Firearms Act of 1934 and has remained unchanged since. Under the OBBBA, suppressors would be taxed at 10 percent, the same level as ordinary …United States · United States See the Story

Mission and vision statements help businesses rise above the din | Hoberman & Lesser

Many of today’s businesses operate in a cacophonous marketplace. Everyone is out blasting emails, pushing notifications and proclaiming their presence on social media. Where does it all leave your customers and prospects? Quite possibly searching for a clear perception of your company. One way — well, two ways — to rise above the din isUnited States · United States Read Article

Sec. 6166: Help For Family Businesses with Estate Tax Bills | Hoberman & Lesser

Even though the current gift and estate tax exemption amounts are high, some families with wealth tied up in a closely held business could be forced to sell assets to meet tax obligations. However, Internal Revenue Code Section 6166 can provide relief. Let's take a look. Avoid Selling Assets An election to defer estate taxes under Sec.United States · United States Read Article

Hiring independent contractors? Make sure you’re doing it right | Hoberman & Lesser

Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could leadUnited States · United States Read Article

After a person dies, his or her debts live on | Hoberman & Lesser

One question the family of a deceased person often asks is: What happens to debt after a person dies? It’s important to realize that a person’s debt doesn’t simply vanish after his or her death. An estate’s executor or beneficiaries generally aren’t personally liable for any debt. The estate itself is liable for the deceased’sUnited States · United States Read Article

The tax rules for legal awards and settlements: What recipients should know | Hoberman & Lesser

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay taxes on it? The short answer: It depends on the type of damages you received. Understanding the basic rules can help you avoid surprises. TaxableUnited States · United States Read Article

Growing Cyberthreats to the Internet of Things

100% Center coverage: 1 sources

Proactive cybersecurity is needed to address growing vulnerabilities in the connectivity of both the digital and physical ecosystems constituting the Internet of Things.Internet See the Story

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