A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020. Andrea Verdelli | Getty Images The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead. Even in challenging economic
Sam Fornasiero Sam Fornasiero For an instant, luck seemed to change for Sam Fornasiero. The 21-year-old’s phone call was put on hold — a noteworthy improvement relative to the 2,000-plus prior attempts to reach New Jersey’s unemployment bureau, by his estimation. The call went dead after a half hour of waiting. But Fornasiero has gotten good at
There is no such thing as bad publicity. That may be what is proved by the continuing growth of the syndicated conservation easement industry in 2018 in the face of dire warnings from the IRS. According to a recent IRS report publicized by the Senate Finance Committee, the number of participants increased from 14,000 to
The Internal Revenue Service is giving taxpayers and practitioners some extra time if they tried to file their returns on Sept. 15 through CCH Axcess, but were unable to do so because of a system outage. Earlier this month, Wolters Kluwer Tax & Accounting, which provides the CCH line of tax software, experienced an outage
SDI Productions | E+ | Getty Images Financial aid packages for next year might be woefully short for college students whose parents have lost their jobs amid the Covid-19 downturn. Students can begin applying for financial aid as early as Oct. 1. That’s the first day they can fill out the Free Application for Federal
It’s nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,
It is hard to overestimate what a dismal fiscal future the Congressional Budget Office foresees. In its new long-term budget estimate, CBO projects that in just 30 years, the national debt will rise to nearly twice the US’s total economic output, from less than 80 percent last year. As a share of the Gross Domestic
Victims of Hurricane Sally have until mid-January to file various federal individual and business returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency as qualifying for individual assistance. Currently this includes Baldwin, Escambia and Mobile Counties in Alabama, but taxpayers in localities qualifying
Kim Sohee | Getty Images (CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ”13DCNBC20′ for a 20% discount.) Company: Apartment Investment and Management Co. (AIV) Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development
The possibility of more campus closures has sparked a sudden interest in withdrawing from college before it’s too late. “All of us are counting down to the tuition deadline,” said Carla Voight, 20, a junior at the University of Michigan in Ann Arbor, referring to the last day students are eligible for some reimbursement if
Topline House Democrats are likely to release a smaller coronavirus relief package sometime next week if they don’t agree to a deal with Republicans before then, according to a report from Tax Notes on Thursday. House Democrats look set to introduce a smaller stimulus bill next week if an agreement can’t be … [+] reached
Lawyers for Donald Trump were met with skepticism from federal appeals court judges as they made their latest attempt to block New York prosecutors from getting their hands on his tax filings and other financial documents through a grand jury subpoena. “Are you asking us to change the way grand juries have done their work
zimmytws | iStock | Getty Images The stimulus stalemate has pitted Democrats and Republicans against each other on Capitol Hill. But another issue — Social Security and its ability to pay retirement, disability, survivor and other benefits into the future — has also created a rift between leaders of the two parties. Congressional lawmakers gathered
getty Beginning in January 2021, the Internal Revenue Service (IRS) will be expanding the voluntary Identity Protection PIN (IP PIN) program. What Is An IP PIN? An IP PIN is a six-digit number assigned to eligible taxpayers to help prevent tax refund fraud on federal income tax returns. An IP PIN helps the IRS to
Pelosi readies a smaller House coronavirus relief bill. House Speaker Nancy Pelosi is preparing a roughly $2.4 trillion revised coronavirus relief package . The details remain uncertain but Pelosi could bring it to the House floor as soon as next week if talks with the White House remain stalled. The measure is an effort to
President Trump issued a presidential memorandum on Aug. 8, 2020, directing the Secretary of the Treasury to permit employers to defer the employee portion of Social Security taxes between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Treasury issued Notice 2020-65, providing a few details about how the deferral should work. The
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of
The U.S. Supreme Court. Phil Roeder | Moment | Getty Images The Supreme Court may soon erase the Affordable Care Act from existence — an outcome that could have far-reaching consequences for American health care. The high court is expected to hear oral arguments in a case seeking to overturn the law, also known as Obamacare,
Committee for Greater LA report, “No Going Back,” calls for fighting inequality and racism as … [+] response to pandemic. Committee for Greater LA Six months into the Covid pandemic, many people are asking when we can “return to normal.” But a remarkable new report “No Going Back: Together for an Equitable and Inclusive Los Angeles” rejects that
A Panama sentencing; ‘subcontractor’ mess; fun with funds; and other highlights of recent tax cases. New York: Harald Joachim von der Goltz (a.k.a. H.J. von der Goltz, Johan von der Goltz, Jochen von der Goltz, “Tica” and “Tika”), of Needham, Massachusetts, and Key Biscayne, Florida, has been sentenced to four years in prison for wire
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