Biden’s Fiscal Year 2022 Revenue Proposal aims to catch crypto tax evaders by reinforcing existing information reporting rules and information sharing agreements between jurisdictions. What is Information Reporting? Information reporting is the primary way that regulators like the IRS knows about your crypto activity. Cryptocurrency exchanges are required by law to collect your personal identification
Founder and CEO of SmartRent, an enterprise home automation and internet of things platform for the multifamily industry. The conversation around the trendy, must-have amenities in multifamily shifts every few years with changing demographics and regular ebbs and flows of the market. An array of resort-style amenities popped up in the last decade as we saw
In this article CHDN Bob Baffert, trainer of Kentucky Derby winner Medina Spirit, stands near the track at Churchill Downs in Louisville, Kentucky, April 28, 2021. Bryan Woolston | Reuters Churchill Downs Racetrack on Wednesday suspended horse trainer Bob Baffert for two years after attorneys said Kentucky Derby winner Medina Spirit had failed a second
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters A third Exxon board seat has been claimed by Engine No. 1, the activist firm that’s been targeting the oil giant over its dependence on fossil fuels, the company said in a
In this article AMC AMC Entertainment CEO Adam Aron has seen his wealth soar by more than $200 million since the start of the year thanks to a retail-investor fueled rally, according to securities filings. The theater chain, which has become a favorite of retail investors and social media message boards, has seen its stock
In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,
In this article GME AMC BB-CA Mario Tama | Getty Images AMC Entertainment‘s stock continued its wild ride on Wednesday, with the price per share rising more than 100% and prompting a halt to its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual
Maryland Gov. Larry Hogan Chip Somodevilla | Getty Images News | Getty Images Around 3.7 million Americans will be affected by states’ early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data. In the past month, 25 states have announced plans to end pandemic-era benefits ahead of their formal expiration
At a friend’s BBQ the other day, I was approached by a soon-to be-retiree. Normally, I get cornered at social gatherings by folks looking for a hot stock tip or my thoughts on cryptocurrency. This gentleman, however, came with a much different intention. He wished to discuss his current predicament, a strong concern about inflation
Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former President Trump
Memorial Day weekend has ushered the summer in. Has it also ushered the superheated New York real estate market out? Is buyer interest still seasonal? Will June 15 see all our prosperous families decamping to their country or seaside homes, not to be seen again till Labor Day? For a variety of reasons, probably not.
Guild Education’s Headquarters in Denver, Colorado Guild Education Guild Education has raised a $150 million Series E funding round, bringing the company’s valuation to $3.75 billion — more than triple its previous valuation of $1 billion. The Denver-based edtech company, ranked No. 49 on this year’s CNBC Disruptor 50 list, helps companies including Disney, Chipotle, Walmart, Taco
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected results on Tuesday, with sales growth of 191%. But the shares fell as much as 5% in extended
Less than two months after Coinbase’s stock market debut, rival crypto exchange Kraken is bringing its mobile app to the U.S. as retail investors flock to digital currencies. Starting Wednesday, the new Kraken App will allow many users across the U.S. to securely buy and sell more than 50 crypto tokens from their mobile phones.
US President Joe Biden speaks about the progress in the fight against Covid-19, at the Sportrock Climbing Centers in Alexandria, Virginia on May 28, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden released his proposed 2022 fiscal year budget on Friday, which calls for an increase of the top capital gains tax
Mortgage forbearance temporarily eliminated your mortgage payment obligation, which may have saved you from foreclosure, but you are now back on your feet and facing repayment options. One of those options, offered by both Fannie Mae FNMA and Freddie Mac, is deferral of the payments that had been missed. This is explained by Freddie Mac
In this episode of Tax Notes Talk, Tax Notes legal reporter Jennifer McLoughlin and contributing editor Kristen Parillo discuss two important tax cases heard by the Supreme Court: Americans for Prosperity Foundation and CIC Services. This transcript has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
Michael H. Zaransky is Founder and Managing Principal of MZ Capital Partners, an award winning multifamily investment and development firm. The coronavirus pandemic has forced those of us in the multifamily sector to reassess real estate’s time-honored location-location-location mantra. With remote work now commonplace in several businesses — a trend that promises to continue post-pandemic —
Crowds of people are seen shopping during a weekly market at Kandivali. SOPA Images | LightRocket | Getty Images India is expected to see double-digit expansion in the three months ending in June — but economists warn that the data won’t be painting the full picture of the country’s growth trajectory. South Asia’s largest economy
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe