IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes
Charitable giving has long been essential to creating a better world by enabling donors to support causes by giving to organizations structured under Internal Revenue Code 501(c)3. Effective charitable planning and planned giving are crucial for maximizing the positive impact of these donations. With advances in artificial intelligence and natural language processing, tools like ChatGPT
Forbes Global Properties If a gated community with a guarded entry seems like a modern-day security measure, think again. Homes in a neighborhood in Alanya, a city in the Turkey province of Antalya, are surrounded by miles of medieval castle walls complete with watchtowers. Aerial view from the Citadel of Alanya on the Red Tower
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Home Depot said on Tuesday that quarterly sales fell short of expectations and it lowered its forecast for the year, as consumers delay big projects and buy fewer big-ticket items like patio sets and grills.
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 Sept. 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie
A billboard showing the debt limit is seen in Washington, D.C. on April 17, 2023. Mandel Ngan | AFP | Getty Images As lawmakers work to hammer out a debt limit deal, experts already say more needs to be done to curb the nation’s spending, and that could include Social Security and Medicare reform. The
When it comes to education, most financial planning is centered around ways to save and invest for college. This makes sense because in an ideal world, we’d all be able to cover all our education expenses that way and not need to borrow a dime. But in the real world, that’s rarely the case. Fortunately,
After conducting series of deep-dives in housing markets such as in Seattle, Denver, and Phoenix, for example, a general trend seems to be emerging. Major housing markets, like the three mentioned, and for this study — Las Vegas — all experienced supercharged housing activity from 2021 until mid-2022 and has since been cooling off a
Electric car maker Tesla CEO Elon Musk meets with French Minister for the Economy and Finances Bruno Le Maire on the sidelines of the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris on May 15, 2023. Ludovic Marin | Pool | Via Reuters The U.S. Virgin Islands issued a
In this article SOFI DD SCHW SHAK Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images Check out the companies making the biggest moves in premarket trading: Shake Shack – The fast food chain saw its stock gain nearly 4% after the Wall Street Journal reported that activist investor Engaged Capital
Collectively, Americans owe nearly $1 trillion on credit cards. Total credit card debt stood at $986 billion at the start of 2023, unchanged from the record hit at the end of 2022, according to a new report on household debtfrom the Federal Reserve Bank of New York. Typically, balances fall in the beginning of the
The emergency declaration for Covid-19 expired on May 11, 2023—and it comes with some tax consequences. A lot changed during Covid-19, especially for employers. Some shut their doors forever, some closed temporarily, and still others modified their work model so that employees could work remotely. As employers scrambled to keep workers on the payroll, questions
In this article NGMS ALL-AU RSI Follow your favorite stocksCREATE FREE ACCOUNT Fanatics founder & CEO Michael Rubin at his office in downtown NYC, Dec. 7, 2022. The Washington Post | Getty Images Fanatics’ splashy $150 million acquisition of PointsBet’s U.S. business wasn’t the only deal in gambling in recent days — and it could
People queuing outside Shake Shack in London. Latest Covid-19 lockdown slams UK business owners. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Shake Shack — The fast food chain’s stock jumped more than 6% after the Wall Street Journal reported that activist investor Engaged Capital is planning
Barbara Corcoran is often wowed by pitches on ABC’s “Shark Tank, but impressive products or services aren’t enough to get her to invest. Instead, Corcoran likes to “buy the entrepreneur,” she said on a recent episode of Barstool’s “Chicks in the Office” podcast. That means analyzing the contestant’s personality — regardless of what they’re selling
Nirunya Juntoomma | Istock | Getty Images An emergency fund is a key piece of your financial plan, especially amid economic uncertainty. But the right amount of cash depends on your household and occupation, according to financial experts. Most Americans aren’t prepared for a financial emergency, according to a recent CNBC/Momentive survey of more than
Recently, Hank, a veteran, wrote me to say he doesn’t understand why veterans have to pay a penalty just because they don’t enroll in Medicare Part B, medical insurance. He wanted answers to some questions about the Part B late enrollment penalty. Q: Why is there a penalty if someone doesn’t enroll in Part B?
Most people know that if they receive cash, it is probably taxable unless it is an honest to goodness gift. Most people know that if they receive property, that the property is probably also taxed, again, unless it is a true gift. More about gifts below. But how about what happens if it doesn’t seem
Kathy Lueders, formerly NASA associate administrator of the Space Operations Mission Directorate, before speaking to the media on May 30, 2020, following SpaceX’s launch of the Demo-2 mission. Kim Shiflett / NASA Kathy Lueders, the most recent top human spaceflight official at NASA, has joined Elon Musk’s SpaceX after retiring from the agency a couple