The Federal Trade Commission (FTC) has warned five tax preparation companies that they could face civil penalties if they use or disclose confidential taxpayer data for other unrelated purposes, such as advertising, without first obtaining consumers’ consent. According to information posted on the FTC website, the five tax preparation companies are H&R Block SQ ,
When you think of building a solidly constructed home, you most likely do not think about foam as being part of it. There are builders using it though, for good reason. When it is used in home construction—maybe as a marketing tactic—it’s not typically referred to as foam in the specification process, but rather as
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor‘s labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers. The sides have
Unexpected medical bills can cost as much as $1,000 or more. Sometimes, these expenses are unavoidable. Still, you can take steps or ask questions of medical providers or your insurance company to avoid overpaying or getting saddled with charges you can’t afford to pay. According to the Consumer Financial Protection Bureau, about $88 billion of
Woman going over her finances Damircudic | E+ | Getty Images Ready or not, student loan bills are restarting in a matter of weeks. Most borrowers haven’t made a payment on their education debt since Donald Trump was president and the coronavirus was starting to spark concerns. The pause on the bills and the accrual
Maskot | Maskot | Getty Images For savers, choosing how to best allocate money among a stream of account types may seem an impossible task. There are 401(k) plans, individual retirement accounts, 529 plans, high-yield savings accounts, taxable brokerage accounts, flexible spending accounts, health savings accounts and so on — a veritable hodgepodge of letters,
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS is shifting how it examines tax returns of lower earners as part of its broader effort to fix inequity in enforcement. Starting in fiscal year 2024, the agency will “substantially” reduce the number
I’m usually skeptical of stories about “a friend of a friend.” But in this case, I know that it’s a true story. A friend of a friend was staying in Bali, Indonesia’s paradise island that’s popular with partygoers and backpackers. My “friend of a friend” bought a van to use for transportation. The Balinese authorities
JLL released its Construction Trends and Mid-Year Outlook several days ago, updating its 2023 Construction Outlook published in March. The new report, with its updated set of projections, highlights several hurdles the industry faces during a time of enormous economic uncertainty. Specifically, the report examines general construction industry health, along with the state of the
The IRS is hiring thousands of new workers. Just weeks after the tax agency announced plans to ramp up its focus on millionaires, complex partnerships, and large corporations, details about related new positions have been made public. The IRS is hiring 3,700 new employees nationwide in more than 250 locations. The hiring is focused on
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney World celebrated its 50th anniversary in April 2022. Aaronp | Bauer-Griffin | GC Images | Getty Images Disney said it will nearly double its planned investment in the parks and cruises business. The company said in a securities filing on Tuesday it will nearly
Moyo Studio | E+ | Getty Images It used to be when you talked about marriage and the “golden years,” the picture was a traditional one. Get married, work hard, buy a house, have children and retire surrounded by family and some grandchildren. Divorce was a hush-hush topic and a rare occurrence. However, as the
Svyatoslav Balan | Getty Almost regardless of how much you have in the bank, it’s hard to feel financially secure. Across the board, households are facing surging child-care costs, ballooning auto loans, high mortgage rates and record rents amid economic uncertainty and recessionary fears. Of those with more than $1 million in investable assets, as many
In this article VLO Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Oil stocks — Petroleum refiners Valero Energy and Marathon Petroleum gained 1.5% and 1.2%,
As the weather gets cooler and daylight hours get shorter, our thoughts start turning toward the holidays. (There are only 65 days to Thanksgiving, after all!) That inevitably gets us pondering our holiday hosting plans. How many guests should we invite to our table? What should we serve? Do we need to make any changes
The Inflation Reduction Act includes U.S. territories in the expansion of clean energy tax benefits, but only partially. The proposed elective payment regulations (REG-101607-23) define when territories and entities within them can benefit from the new regime. The proposed rules provide that applicable entities include U.S. territories and their political subdivisions, instrumentalities, and agencies, similar
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Spencer Platt | Getty Images News | Getty Images New York officials are ramping up efforts to stop the statewide proliferation of unlicensed smoke shops selling marijuana,
Pictured here is Shenzhen in southern China. The city is sometimes considered China’s Silicon Valley. Nurphoto | Nurphoto | Getty Images BEIJING — In the years since Alibaba’s U.S. listing in 2014, early-stage investing has drawn tens of billions of dollars into China with relatively little to show for it. Among China-focused investment firms, only
The cream most certainly rises to the top at the Shangri-La Toronto Residences. The lower floors of the artfully designed glass-clad tower make up the renowned five-star hotel, the midsection contains condominium residences and the uppermost levels are devoted to what is known as the “private estate” collection. It is within this realm that one
Michael R. Stevenson is better known by his stage name of Tyga. Tyga is a successful rapper, who like many celebrities has found his way to Tax Court. His attorneys were pushing back against an IRS levy notice on a balance due of over $2 million for just 2019. It did not go well, in