getty For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts, or what used to be called the FBAR. That appears to be changing. FinCEN has now announced an intention to amend the rules
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Be DTLA is the first Southern California apartment community to capture IWBI’s WELL Health-Safety … [+] Rating. David Guettler Photography The arrival of the COVID-19 pandemic has elevated health to its rightful place high above wealth on many people’s lists of priorities. Real estate developers have responded to the pandemic by placing greater emphasis on
A woman stands outside her home damaged due to heavy rain caused by Hurricane Eta, in Pimienta, Honduras November 6, 2020. Jorge Cabrera | Reuters A record number of hurricanes, wildfires and floods exacerbated by climate change cost the world $210 billion in damage last year, according to a report by reinsurance company Munich Re. Damages
Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Victoria’s Secret parent L Brands said Thursday its same-store sales during the holiday period grew 5%, compared with a 3% drop a year
Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets in bank accounts are growing. And that is a positive sign for stocks, according to
SDI Productions | E+ | Getty Images If your stimulus payment came in below what you expected, you may get a second shot at claiming the money when you file your 2020 tax return. In the waning days of 2020, the federal government began sending out its second round of stimulus checks to millions of
By Chris Farrell, Next Avenue getty During a recent Minnesota Public Radio program I hosted about Social Security, I was surprised at the number of callers with questions and complaints about the program’s survivor benefits for widows and widowers. One caller protested the “unfairness” of the benefits since she felt they ignored her own work
A baker places long molds of freshly kneaded sourdough dough onto racks for baking inside of Reineckers Bakery in Macedonia, Ohio, Oct. 7, 2020. Ty Wright | Bloomberg | Getty Images Small businesses hit by the pandemic recently got some good news – the $900 billion relief act signed into law by President Donald Trump
President-elect Joe Biden has unprecedented plans for the housing industry. His proposal for $640 billion over 10 years includes three tax incentives — a new renter’s tax credit, a refundable first-time homebuyer’s credit, and an expansion of the low-income housing tax credit (LIHTC). The incoming administration will likely review and finalize recently released proposed regulations (REG-119890-18) on
Flowers, fruit and candles in the home can trigger pleasant memories and create a sense of … [+] wellbeing. diptyque Nancy Carlisle, Senior Curator of Collections at Historic New England, has long studied the subject of kitchens in America. “We have such an embedded sense of the kitchen as the ‘heart of the home,’” she
U.S. Health and Human Services (HHS) Secretary Alex Azar speaks during a news conference in the Brady Press Briefing Room of the White House in Washington, August 23, 2020. Erin Scott | Reuters Health and Human Services Secretary Alex Azar on Wednesday urged states against “micromanaging” their allotted coronavirus vaccine doses, saying it’s better to
BEIJING — China on Thursday tried to draw parallels between the U.S. riot on Capitol Hill and pro-democracy unrest in Hong Kong that took place two years ago. Chinese state media avoided sharing too much opinion on the news, though state-backed tabloid Global Times showed photos of the chaos in both riots and highlighted what
A Kia Motors Corp. sports utility vehicle (SUV) delivers the “2021” New Year’s Eve numerals during a coast-to-coast tour in the Times Square neighborhood of New York, U.S., on Monday, Dec. 21, 2020. Michael Nagle | Bloomberg | Getty Images So many questions swirl as the calendar turns — including what year has just started.
President-elect Joe Biden (C) along with Democratic candidates for the U.S. Senate Jon Ossoff (L) and Rev. Raphael Warnock (R) greet supporters during a campaign rally the day before their runoff election in the parking lot of Centerparc Stadium in Atlanta. Chip Somodevilla | Getty Images A $15 federal minimum wage edged closer after Tuesday’s
Mistakes seniors make with HECM Reverse Mortgages getty FHA insured reverse mortgages, called HECMs, allow seniors to withdraw cash from their home while retaining the right to live there indefinitely. They are a potentially powerful tool for helping seniors live better lives during their retirement years. However, the benefits can also be frittered away, with
WILMINGTON, DELAWARE – JANUARY 06: U.S. President-elect Joe Biden delivers remarks about the … [+] storming of the U.S. Capitol by a pro-Trump mob. (Photo by Chip Somodevilla/Getty Images) Getty Images With improbable Democratic wins in both Georgia Senate runoff elections, President-elect Joe Biden has an opportunity to govern with a congressional majority—though one that
Keith Hoogland, owner of Family Video, pictured in 2017. Jamie Kripke for Forbes And in the end, there were none. Family Video, a video rental company that outlived Blockbuster by a decade, announced this week that it will close its several hundred locations after 42 years in business. The news marks the end, at long
Democratic candidates for Senate Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) bump elbows on stage during a rally outside Center Parc Stadium in Atlanta, Georgia, on January 4, 2021. Jim Watson | AFP | Getty Images Democrats won Tuesday’s two Senate runoff elections in Georgia, NBC News projected Wednesday, clinching