High income households will be facing two different IRS enforcement initiatives when the IRS reopens on July 15. First, the IRS announced an effort to get high-income non-filers to come in and file tax returns. Second, the IRS announced it is preparing to examine “several hundred” high-income households that have either a related pass-through entity
Month: June 2020
COVID-19 pandemic is creating surging demand for outdoor living spaces. Photo Courtesy of Avalon, Available at Ferguson Bath, Kitchen & Lighting Gallery Outdoor living spaces have been growing in popularity and amenities for years, but the restrictions imposed by the coronavirus are spurring even greater demand, new planning strategies and interesting new amenities, industry pros
Getty Images You may not be stuck at home for much longer. People still want to get away, according to Tripadvisor, and more than 66% of travelers say they are already planning their next trip. Those journeys are likely to be short distance and will probably involve some outdoor activity. Almost half the Tripadvisor
Dr. Daniel Kombert, medical director for the Care Logistics Center and the director for the Clinical Command Center, middle, works with other medical professionals as they answer calls and track data at the Hartford HealthCare COVID-19 Command Center in Newington, Conn., on March 10, 2020. Kassi Jackson | Hartford Courant | Tribune News Service via
Market bull Jim Paulsen believes coronavirus hot spots across the country won’t wreck the recovery. According to the Leuthold Group’s chief investment strategist, new cases won’t widely impact the economic reopenings. “At the same time those are having hot spots, New York is being brought back online,” he told CNBC’s “Trading Nation” on Monday. “The
TOPLINE Asked whether the government will send Americans another stimulus check in an interview Monday with Scripps Washington correspondent Joe St. George, President Trump said, “Yeah, we are,” and indicated that another bipartisan stimulus bill is on the way, but did not elaborate further on the possibility of another round of direct payments to Americans.
Getty If you follow me on Twitter, you’d know that our law firm didn’t take out a Paycheck Protection Program (PPP) loan. But if we had, you might soon know the details – down to how much money we had received: Treasury and the Small Business Administration (SBA) have agreed with the bipartisan leaders of the U.S.
The U.S. median sale price for existing homes in May was $284,600, up 2.3% from a year ago. While … [+] this marks the 99th straight month of annual gains, the increase is the smallest in about six years. Getty As the U.S. housing market continue to chart its course out of the coronavirus slump,
For many Americans, federal stimulus payments are a lifeline during this period of extreme financial stress. And yet, many questions remain unanswered in the ever-changing status of these payments. Americans are also wondering how to make the best use of this one-time cash injection — or whether more money is on the way. Here are
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square
Nicollette Guerrero gets swabbed for a coronavirus disease (COVID-19) test at a testing site in Civic Center Park in Denver, Colorado, June 20, 2020. Kevin Mohatt | Reuters Coronavirus cases reaching record numbers globally are not just the result of more countries testing, the World Health Organization said Monday. “We do not believe that this
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve’s move into the next phase of its corporate bond buying is generating renewed concerns over potential asset bubbles. In the latest
Getty Much has already been written about the Flexibility Act, SBA Interim Rule changes, and EZ Forgiveness Application and instructions with respect to the Payroll Protection Act, all of which have been enacted and published since June 5th. While the updated Interim Rules are still far from clear or thorough, the limitations and procedures explained
A mini online shopping cart filled with packages on a laptop. Getty Tax Notes legal reporter Jennifer McLoughlin interviews Richard Cram, director of the Multistate Tax Commission’s National Nexus Program, on the state of the sales tax landscape two years after the Supreme Court ruling in South Dakota v. Wayfair Inc. McLoughlin moderates a discussion between Bradley
Mont Blanc looks out on crystal clear water. Dave Warren Photography A stunning property dubbed Mont Blanc in Santa Rosa Beach, Florida is on the market with a $14.995 million price tag, claiming the title of the most expensive new construction single-family home for sale in the Florida Panhandle. It would not be an exaggeration
10’000 Hours For those who desperately need tax refunds, it can feel like ages before they get the money. For an unlucky few, the wait has taken months. “We filed a client’s return, and it was accepted on April 14,” said Nayo Carter-Gray, an enrolled agent at 1st Step Accounting in Towson, Maryland. “He finally
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
A number of states across the U.S. continued to report a rise in new cases over the weekend, as White House trade advisor Peter Navarro told CNN’s “State of the Union” Sunday that the White House is preparing for a potential “problem in the fall.” This is CNBC’s live blog covering all the latest news on
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:38 am: Stock futures higher Dow Jones Industrial Average futures were higher by about 100 points. S&P 500 futures and Nasdaq-100 futures were
Lifestyle inflation happens when your expenses increase along with your income. Getty Lifestyle inflation happens when your expenses increase along with your income. As earnings increase, it’s natural to want to buy a better car or take another vacation. After all, it seems feasible. But if your savings rate isn’t at least keeping up with
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