Nicollette Guerrero gets swabbed for a coronavirus disease (COVID-19) test at a testing site in Civic Center Park in Denver, Colorado, June 20, 2020. Kevin Mohatt | Reuters Coronavirus cases reaching record numbers globally are not just the result of more countries testing, the World Health Organization said Monday. “We do not believe that this
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve’s move into the next phase of its corporate bond buying is generating renewed concerns over potential asset bubbles. In the latest
Getty Much has already been written about the Flexibility Act, SBA Interim Rule changes, and EZ Forgiveness Application and instructions with respect to the Payroll Protection Act, all of which have been enacted and published since June 5th. While the updated Interim Rules are still far from clear or thorough, the limitations and procedures explained
A mini online shopping cart filled with packages on a laptop. Getty Tax Notes legal reporter Jennifer McLoughlin interviews Richard Cram, director of the Multistate Tax Commission’s National Nexus Program, on the state of the sales tax landscape two years after the Supreme Court ruling in South Dakota v. Wayfair Inc. McLoughlin moderates a discussion between Bradley
Mont Blanc looks out on crystal clear water. Dave Warren Photography A stunning property dubbed Mont Blanc in Santa Rosa Beach, Florida is on the market with a $14.995 million price tag, claiming the title of the most expensive new construction single-family home for sale in the Florida Panhandle. It would not be an exaggeration
10’000 Hours For those who desperately need tax refunds, it can feel like ages before they get the money. For an unlucky few, the wait has taken months. “We filed a client’s return, and it was accepted on April 14,” said Nayo Carter-Gray, an enrolled agent at 1st Step Accounting in Towson, Maryland. “He finally
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
A number of states across the U.S. continued to report a rise in new cases over the weekend, as White House trade advisor Peter Navarro told CNN’s “State of the Union” Sunday that the White House is preparing for a potential “problem in the fall.” This is CNBC’s live blog covering all the latest news on
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:38 am: Stock futures higher Dow Jones Industrial Average futures were higher by about 100 points. S&P 500 futures and Nasdaq-100 futures were
Lifestyle inflation happens when your expenses increase along with your income. Getty Lifestyle inflation happens when your expenses increase along with your income. As earnings increase, it’s natural to want to buy a better car or take another vacation. After all, it seems feasible. But if your savings rate isn’t at least keeping up with
For those who pay estimated taxes, 2020 presents special issues and potential hardships. Getty Tax Day 2020 is July 15, and for some taxpayers it could be a financial nightmare. Covid-19 prompted the IRS to delay the usual April 15 federal tax-return deadline to July 15, but it isn’t just 2019 tax returns that are
Mortgage rates just hit a new low for the third time this year. Getty Mortgage rates hit another record-breaking low this week, dropping to a mere 3.13% on the average 30-year, fixed-rate loan. That’s the lowest rate recorded since 1971, according to Freddie Mac—and the third time a new low has been set this year.
Ungureanu Vadim | EyeEm | Getty Images Many student loan borrowers were suffering when the pandemic shuttered the economy. Americans collectively hold more than $1.6 trillion in student debt. According to credit monitoring service Experian, Gen Z saw their student debt balances increase by 9% from the first quarter of 2018 to the first quarter of 2019 —
Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. Ronda Churchill | AFP via Getty Images With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home. Improvement across the
A pedestrian wearing a protective mask walks through the Lujiazui financial district in Shanghai, China, on Friday, March 20, 2020. Qilai Shen | Bloomberg | Getty Images As global uncertainty escalates, more foreign businesses are buying into China, including deals in the more sensitive industries of finance and technology. “Over the past 18 months, we
The IRS wants you to know that retirees may be targets of scams that relate to economic impact payments (EIPs). EIPs were authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Senior Woman Giving Credit Card Details On The Phone Getty The U.S. Treasury is in the process of paying EIPs to
Getty Recent reports indicate that the IRS is launching an audit campaign that will focus on hundreds of returns filed by high-wealth taxpayers. The initiative, which was confirmed by Douglas O’Donnell, head of the IRS’s Large Business and International Division (“LB&I”), last week, is expected to begin around July 15th, and will likely involve taxpayers with
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. Getty We hear all the time about how important it is to grow a business, and that the customer is always right. But sometimes, in order to expand a company, it’s important to recognize that the customer or
Federal Reserve Chair Jerome H. Powell during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America. Lower earners, those with less schooling, women and minority groups have borne the brunt of the economic
Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips. And they’ve replaced giant kettles of ready-to-ladle hot soup with sealed to-go containers. The deli