In her 2023 Annual Report to Congress, National Taxpayer Advocate Erin Collins, writes, “We have begun to see the light at the end of the tunnel.” Indeed, earlier this month the IRS announced that it had completed the automatic adjustments of 2020 tax returns related to the exclusion of unemployment income that was passed by
Month: January 2023
To live in the Mexican town of San Miguel de Allende is to live close to the past as well as the very vibrant present. Authentic Spanish-Colonial buildings — brightly painted along picturesque cobblestone streets — and period churches have forged the town’s reputation as a must-see destination for world travelers. The 64-block city center
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Delta Air Lines fourth-quarter profit and revenue topped expectations on Friday, but shares fell on the carrier’s outlook for the first quarter. Delta said it expects to earn 15 cents to 40 cents a share on an adjusted basis in the first quarter of 2023
In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net income decreased by more than 21% from a year ago as the bank set aside
In this article CPA JPM WEN DAL LMT SPCE Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. JPMorgan – Shares of the biggest U.S. bank by
Bill Oxford | E+ | Getty Images Despite falling inflation, many Americans are still struggling financially and will need their annual tax refund to help cover the basics. Some 30% of Americans overall say they will rely on their tax refund to make ends meet, according to a survey released Wednesday by Credit Karma, which
Kate_sept2004 | E+ | Getty Images It will soon be the Year of the Rabbit, according to the Chinese calendar, but it might as well be the year of the new job. A whopping 96% of workers are looking for a new position in 2023, largely in search of better pay, according to a recent
The first Tax Court hobby loss opinion of the year is a taxpayer win. Paul and Patricia Wondries were facing deficiencies totaling $421,503 for the years 2015-2017. The issue was whether their 1,100 acre ranch was being run with the objective of making a profit. Judge Kathleen Kerrigan called it a close case but concluded
Sellers of real property, especially developers, often impose restrictions on future use of that real property. They do it to protect other nearby real property from uses that are deemed undesirable. These restrictions amount to a form of privately imposed law. At one point they were used to perpetuate segregation, but that practice was invalidated
Travelers as flights are cancelled at Ronald Reagan National Airport (DCA) in Arlington, Virginia, US, on Wednesday, Jan. 11, 2023. Nathan Howard | Bloomberg | Getty Images Air travel disruptions eased Thursday, a day after a severe pilot safety alert system failure sparked the delay of close to half of U.S. flights. The Federal Aviation
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase is
In this article SIAL-SG Follow your favorite stocksCREATE FREE ACCOUNT Singapore’s Minister for Health Ong Ye Kung told Parliament Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity, combined with its current border policies, have resulted in few imported cases — and even fewer severe cases —
Geber86 / Getty It’s official: The tax season kicks off for individual filers on Jan. 23, the IRS announced Thursday. For most taxpayers, you must file your federal return and pay your balance by April 18 this year to avoid racking up penalties and interest. “This filing season is the first to benefit the IRS
The federal government doesn’t often slash its fees, especially not something like an 80% cut, but that’s what’s happening with the fee to hand in your passport for good. It isn’t yet a done deal, but as a result of a lawsuit about the unfairness of the fees, it looks like the current $2,350 fee
Charlotte, North Carolina will be this year’s hottest housing market, according to a Zillow analysis. Cleveland, Pittsburgh, Dallas and Nashville join Charlotte in the top five of the Zillow 2023 hottest markets list. “This year’s hottest markets will feel much chillier than they did a year ago,” said Anushna Prakash, economic data analyst at Zillow.
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney is facing a proxy fight as Nelson Peltz’s activist firm Trian Fund Management pushes for a seat on its board. Peltz spoke Thursday on CNBC’s “Squawk on the Street,” making his case for the fight his firm has picked with Disney. He raised issues
In this article BTC.CM= FTT.CM= COIN Follow your favorite stocksCREATE FREE ACCOUNT The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini
Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. SeongJoon Cho | Bloomberg | Getty Images Whether it’s calf-leather Italian Prada bags or classic, checkered British Burberry trench coats, South Koreans are the world’s biggest spenders
Hobo_018 | E+ | Getty Images New government inflation data shows the measurement used to calculate Social Security annual cost-of-living adjustments was up 6.3% for the past 12 months as of December. That’s as this year’s 8.7% COLA kicks in for more than 65 million Social Security beneficiaries this month. That new data indicates Social
Key takeaways Inflation fell in December, with the overall Consumer Price Index (CPI) falling 0.1% for the month. It’s the biggest reduction since April 2020, and brings the annual rate of inflation own to 6.5%, from 7.1% last month. The biggest driver of the reduction was lower fuel and gasoline prices, which were down double
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