Any tax audit can be frightening, but criminal tax cases are the worst. And since it’s time for Americans to start thinking about the 2021 tax returns and filing by April 18, the IRS has some reminders for us all. The IRS Criminal Investigation Division took to Twitter to count down the top 10 cases
Month: January 2022
In this article MS James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings:
In this article USB PG UNH STT MS SOFI Pampers Diapers, which are manufactured by Procter & Gamble, are displayed in an Associated Supermarket in New York. Ramin Talai | Bloomberg | Getty Images Check out the companies making headlines in midday trading. SoFi – Shares of the mobile financial services company surged more than
For billionaire investor Mark Cuban, there was one defining moment that led him to go all in on cryptocurrency. “I always paid attention to bitcoin, the pricing, the tokens and the [crypto]currencies,” Cuban told Miami Mayor Francis Suarez at The North American Bitcoin Conference on Monday. “But what really got me into it was, about
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge
Tara Moore | Getty Images Anyone facing required minimum withdrawals from retirement accounts should note there’s been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used to determine required minimum distributions, or RMDs — are in effect. While using the modified tables should be generally straightforward
Oscar Wong | Moment | Getty Images The stock market’s newest investors appear to like what they’ve seen so far. Among individuals who began investing last year, 86% plan to increase their stock holdings in 2022, according to a recent survey from Investing.com. This is despite fewer of them (67%) making a profit in 2021
Your friend or family member has named you as trustee of their trust. What do you do next? Some people who serve as trustees do what they think they are supposed to do – without a true understanding of the role – or worse, whatever they want to do. In reality, accepting the role of
There’s nothing like the view of snow-covered ski runs to whet one’s appetite for an easy-care vacation getaway. This stone and wood-sided residence at the Chalet at the Lodge at Vail 2 takes in south-facing vistas of the Gore Range and the slopes in Vail, Colorado. Set near Vail Ski Resort’s Gondola One and the
Workers produce N95 respirators at Protective Health Gear (PHG) in Paterson, New Jersey, U.S., January 14, 2022. Brendan McDermid | Reuters President Joe Biden will make 400 million highly protective N95 masks available to Americans for free at pharmacies and community health centers around the U.S., a White House official said. The masks will start
The tax cuts that have provoked some of the most intense disagreement in the debate over the Build Back Better Act stand in stark opposition. The advantage of repealing or at least raising the state and local tax deduction limit would largely accrue to higher-income taxpayers, while the expanded child tax credit (CTC) has been
In this article PG Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped Wall Street’s expectations as price hikes helped offset higher commodity
In this article 6758.T-JP ADS BAC UNH MS PG Check out the companies making headlines before the bell: Bank of America (BAC) – Bank of America shares rallied 3.2% in the premarket after it beat estimates by 6 cents with a quarterly profit of 82 cents per share. Revenue was slightly below forecasts, but the
Marko Geber | DigitalVision | Getty Images Many retirees rely on bonds for income, lower risk and portfolio growth. However, as the Federal Reserve prepares to raise interest rates, some worry about the effects on their nest egg. The cost of living has swelled for months, with the Consumer Price Index, the key measure of
boonchai wedmakawand | Moment | Getty Images Putting your purchases on plastic is about to cost you even more. The Federal Reserve is expected to raise rates three or four times this year, starting as early as March. That means anyone who carries a balance on their credit card will soon have to cough up more dough
The most expensive home in Brooklyn is going on the market today. High atop Olympia, a dramatic new 33-story residential building located at 30 Front Street in Dumbo, is a 4,928 square foot, five bedroom, four and one-half bath penthouse with 552 square feet of outdoor space. Penthouse B is listed at $19.5 million. Dumbo
The Hong Kong skyline from on board the Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday, July 28, 2021. Lam Yik | Bloomberg | Getty Images Cruise operator Genting Hong Kong said Wednesday it has filed to wind up the company, as its cash is set to run out by end
IRS Forms 1099 generally come in the mail around the end of January or early February and report how much you were paid in the prior calendar year. Don’t ignore them, as each one will be matched against your tax return when you file. Forms 1099 can be wrong, so check them carefully. IRS Forms
In this article SOFI Anthony Noto CEO of SoFi at the newly named SoFi Stadium under construction in Los Angeles. Stephen Desaulniers | CNBC Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank. San Francisco-based SoFi received
In this article PL A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space infrastructure companies received $14.5 billion of private investment in 2021, a new annual record that was up more than 50%
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