Taxes are complex, and the line between creative tax planning and tax evasion isn’t always clear. How aggressive are you being? Are you claiming something the IRS may view as over the top? Do you have exposure for past years, and would amending your past tax returns make the situation better or worse? What is
Month: June 2023
For many the number one driver in selecting a residence is the desire to reside within one of New York City’s most charming, upscale and historic neighborhoods. An extra bounty of exclusivity is conferred upon those New Yorkers who select residential buildings directly influenced by the city streets and structures around them. Passionate architects and
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Nurphoto | Getty Images Delta Air Lines on Tuesday raised its second-quarter forecast and estimated full-year adjusted earnings of $6 a share, at the high end of estimates it gave last April as strong travel demand and trade-ups to more expensive fare classes
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT Walgreens Boots Alliance on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand for Covid vaccines and testing. The retail pharmacy chain lowered its earnings
In this article WISE-GB Follow your favorite stocksCREATE FREE ACCOUNT The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Online money transfer firm Wise’s shares soared nearly 18% Tuesday as the company reported a spike in profits thanks to rising interest income. The company said in
Antawn Jamal Sanders has probably set a record although he is not likely pleased. How close can you get to having a Tax Court petition be timely, but still have it be late? Mr. Sanders missed by 11 seconds, maybe 9 seconds depending on how you look at it. Or maybe we could say a
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Republican presidential candidate, Florida Gov. Ron DeSantis speaks during a campaign rally on June 26, 2023 in Eagle Pass, Texas. Brandon Bell | Getty Images Attorneys for Florida Gov. Ron DeSantis on Monday asked a federal court to dismiss Disney‘s lawsuit that alleges political retaliation
Chinese Premier Li Qiang attends a meeting on June 26, 2023, with the Director-General of the World Trade Organization ahead of the World Economic Forum New Champions meeting in Tianjin, China. Pool | Getty Images News | Getty Images BEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT After leaning heavily on their paychecks as prices spiked over the last year, households are finally feeling some relief. As of May, 57% of consumers said they were living paycheck to paycheck, down from 61% the month earlier, according to a new LendingClub report. Workers last month saw their buying
The Supreme Court has added a new tax case to its docket for the 2023-24 term: Moore v. United States. As a result, the Court will consider whether a relatively new tax—the “mandatory repatriation tax”—created under a provision of the 2017 Tax Cuts and Jobs Act is unconstitutional under the Sixteenth Amendment. The case could
With hundreds of products and dozens of stakeholders, designing a home is a very imprecise science, most notably when it comes to the home’s actual operational performance. I recently reported on an 86-home community in Florida developed by Pearl Homes where homeowners expected to generate 98% of the power that they would then be consuming.
In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Pfizer on Monday said it would stop developing its experimental obesity and diabetes pill, lotiglipron, due to elevated liver enzymes in patients who took the drug once a day in midstage clinical studies. Those elevated enzymes often indicate
The Publishers Clearing House offices in Jericho, New York on Jan. 30, 2019. Bill Perlman/Newsday RM via Getty Images) Publishers Clearing House will refund $18.5 million to customers and make changes to its online business practices as part of a settlement reached with the Federal Trade Commission, the agency said Monday. The FTC had sued
Prospective buyers are welcomed by real estate agents at an open house in West Hempstead, New York on April 18, 2021. Newsday LLC / Contributor It’s been a tough market for U.S. homebuyers with a limited supply of properties driving up prices nationwide. But another factor may have contributed to rising home costs in certain
U.N. Secretary-General António Guterres is expected to release a much-anticipated report on international tax cooperation within a few weeks. As the international tax community waits — and speculates — on what that report might say, the secretary-general recently offered a small hint. At the end of May he released a report calling for a new
Investors and owners of commercial real estate portfolios are seeking new ways to add value to their assets, particularly as economic uncertainty dominates global headlines and daily decision making. Vertical integrators—real estate operators that have historically kept all operations from property acquisition to daily management under one ownership umbrella—are now looking to outsource the property
Boston Red Sox Chairman Tom Werner and owner John Henry speak to the media during spring training at the Player Development Complex on Feb. 19, 2018. Matt Stone | Medianews Group | Getty Images Another sports powerhouse has joined the ownership ranks of the golf league being developed by Tiger Woods and Rory McIlroy. Fenway
In this article PACW GOOGL LCID MRNA TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store June 18, 2023 in South Burlington, Vermont. Robert Nickelsberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla —
Antonio Suarez Vega | Istock | Getty Images When it comes to how much they will need to comfortably retire, Americans have a “magic number” in mind — $1.27 million, according to new research from Northwestern Mutual. That’s up from $1.25 million last year, the financial services firm found, based on an online survey of
Falling into the Senior Accounting Officer regime for the first time The Senior Accounting Officer (SAO) regime forms a key part of any large UK business’s tax governance and risk management framework. While SAO is ultimately a compliance requirement – and penalties may be imposed on both SAOs and companies who fail to comply –
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