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Monday, December 25, 2017

Ski slopes and beaches forgotten: tax takes precedence

NEW YORK (Reuters) - There will be no holiday slowdown this year for tax consultant Jonathan Traub, who skipped hitting the ski slopes with his family and hunkered down in his Colorado condo to prep for a webcast.

RBS to pay $125 million to settle California mortgage bond claims

(Reuters) - Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state's attorney general has announced.

A Model Life: How Petra Nemcova transformed tragedy into joy

NEW YORK (Reuters) - If Petra Nemcova's life were a movie plot, nobody would believe it.

U.S.-based equity funds post $22 billion of outflows, largest withdrawals in 2017

NEW YORK (Reuters) - U.S.-based equity funds posted $22.2 billion of outflows in the week ended Dec. 20, the largest cash withdrawals for 2017, according to Lipper data on Thursday.

Column: With U.S. life expectancy gains down, tax bill will make things worse

CHICAGO (Reuters) - The Republican tax bill approved by Congress this week will create financial headaches for millions of taxpayers trying to navigate all the new rates and rules.

Your Money: Get ready for a flood of difficult divorces in 2018

NEW YORK (Reuters) - Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a sigh of relief. The final tax overhaul bill gives them until the end of 2018 before completely upending the divorce process.

U.S. tax overhaul requires new math for 529 savings plans

NEW YORK (Reuters) - Families with children in private or parochial school will be able to tap their college savings plans to pay for up to $10,000 in tuition and other expenses in the new year, thanks to a provision in the tax overhaul bill going into effect in 2018.

Tax bill's 'pass-through' rule will aid wealthy, not workers: critics

WASHINGTON (Reuters) - Wealthy business owners, such as President Donald Trump, stand to gain from a provision in the Republican tax bill that creates a valuable deduction for owners of pass-through businesses, Democrats and some tax experts say.

Column: Student tax breaks survive the tax bill, make the most of them

CHICAGO (Reuters) - If you are going to college, getting extra training for a job, or paying off student loans, there are myriad tax breaks worth thousands of dollars to people burdened by college costs.

Work hard, play hard: Life lessons from Sammy Hagar

(The writer is a Reuters contributor. The opinions expressed are his own.)