Month: February 2022

The Internal Revenue Service will have “extraordinarily high” delays again in processing returns, the agency’s National Taxpayer Advocate Erin Collins told Congress today. She cautioned there’s no magic bullet to get the IRS out of a “deep hole” in her appearance before the House Ways and Means Committee Oversight Subcommittee. The IRS is starting the
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RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Geneva, Switzerland, January 29, 2020. Denis Balibouse | Reuters The World Health Organization expects a more transmissible version of omicron to increase in
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Peloton’s new CEO is joining the fitness company at a difficult time. Exercise bike sales are slowing, stock price is declining and takeover rumors are swirling. On Tuesday, the company announced plans to cut 20% of its corporate positions. But new chief executive Barry McCarthy has a history of helping transform companies. McCarthy, 68, is
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Although the stock market had a rough January, if you have been investing for any amount of time, you have likely accumulated some capital gains over the past few years. Many projections for the rest of 2022 point to some positive stock market returns. Earning money on your investments in the stock market is great,
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Some Taxpayers’ Max QCDs Will Be Reduced Recall that QCDs (qualified charitable distributions) are limited to $100,000 per year? That $100,000 maximum is not available to everyone. If an individual makes deductible contributions to his or her tax-deferred IRA (individual retirement account), the max is reduced. How so? The Setting Every Community Up for Retirement
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Visitors flock to Napa for the wine, which is justly famous and worth the trip. But, until now, they have had to choose between lodgings in posh hotels, ho-hum chains, or in personal, but quirky and unpredictable bed and breakfast inns. Now there is lodging in an intimate inn that also provides every luxurious amenity
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ID.me, the facial recognition technology provider used by the IRS, has a public relations problem on its hands. The controversy stems from its facial recognition methods. In the world of facial recognition technology, the so-called 1:1 face match, in which a user’s face is matched against a self-provided picture like a selfie, is generally regarded as
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