The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC Entrepreneurs who took a forgivable loan this year can’t write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two agencies issued guidance Wednesday on the Paycheck Protection Program
Month: November 2020
If you are the parent of a college student who does not file a tax return and whom you are not claiming as a dependent on your tax return, there is an important deadline looming. This Saturday In order to receive an Economic Impact Payment of $1,200 from the U.S. Treasury, the student needs to
Economic Security Planning, Inc. Today’s column addresses questions about whether — and when — severance and paid time off count as wages under Social Security’s earnings test, some potential effects of filing early and some requirements for divorced spousal benefits to be paid. Larry Kotlikoff is a Professor of Economics at Boston University and the
Spencer Rascoff, cofounder of Zillow Group Inc. © 2016 Bloomberg Finance LP Spencer Rascoff, former CEO of the real estate search site Zillow Z , has bought another Brentwood Park property minutes away from the one he purchased for $20 million a few years ago. This latest acquisition is a more modest three-bedroom, 3.5-bath home
An aerial picture shot with a drone shows residents lined up in their cars at a COVID-19 test center on the grounds of Miller Park on November 17, 2020 in Milwaukee, Wisconsin. Scott Olson | Getty Images Vicky Amores, a New York City-based interior designer, is traveling to Florida for Thanksgiving to see her family.
People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home, New York City is seeing a large exodus of chain stores and other retail businesses.
Liberty Media’s John Malone Michael Kovac | Getty Images Liberty Media Chairman John Malone said hard assets look attractive as the unprecedented coronavirus stimulus is poised to lead to a depreciation in currencies. “We’ve survived this [pandemic] because of enormous fiscal and monetary stimulus,” Malone said in an interview that aired Thursday with CNBC’s David Faber. “And
According to Jamie Dimon, chairman and CEO of JPMorgan Chase, the most successful leaders have certain key traits. “[H]umility, openness, fairness [and] being authentic” are most important – “not [being] the smartest person in the room or the hardest working person in the room,” Dimon, who runs the nation’s largest bank and oversees more than
John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful,” Malone said in an interview that aired Thursday with
Source: BioNTech Older Americans eager to get vaccinated against Covid-19 may need to exercise some patience. While Medicare — which insures much of the 65-and-older crowd — recently changed its rules so it can fully cover a fast-tracked vaccine, the availability of doses will be initially limited. And, individual states are tasked with actually distributing
I talk a lot about Roth 401(k)s and IRAs in articles, podcast episodes, and even client meetings. … [+] Generally, that message is for someone in their early 20s who is new to the corporate world and probably not making a lot of money. getty I talk a lot about Roth 401(k)s and IRAs in
The Paycheck Protection Program was the centerpiece of the CARES Act, providing loans to businesses of up to $10M. If you comply, you don’t even have to pay your loan back. What’s more, there is not even any forgiveness of debt income when your loan is forgiven, something that normally is a standard tax result
From direct mail to “sold by” signs, marketing has always been vital for agents, brokers and other real estate pros to get their name out there. However, as the industry continues to embrace the digital world, many professionals are looking to increase their digital marketing efforts. As top industry professionals, the members of Forbes Real
SINGAPORE — India’s generic drugmakers will have an “essential” role to play in rolling out Covid-19 therapeutics to low- and middle-income countries, a United Nations-backed public health body has said. Charles Gore, executive director of Medicines Patent Pool, which works to improve access to medicines in developing nations, told CNBC on Wednesday that most of
Sonos celebrates its IPO at the Nasdaq, August 2, 2018. Source: Nasdaq Shares of speaker maker Sonos rose as much as 23% in extended trading on Wednesday after the company reported fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. Here’s how the company did: Earnings: 33 cents, excluding certain items, vs. 0 cents
Money manager Kevin Nicholson believes downside is limited for the S&P 500 through next month. Nicholson, who’s co-chief investment officer of global fixed income at RiverFront Investment Group, blames the market’s “tug-of-war” with Covid-19 news. “When we announce new vaccines, the market tends to rally,” Nicholson told CNBC’s “Trading Nation” on Wednesday. “However, the market
Post-election, many conservatives, and some extremists, have been heading to Parler, a conservative social media app funded by Republican megadonor Rebekah Mercer, which bills itself as a free speech Twitter-spin off. But billionaire Bill Gates isn’t a fan of the platform, calling some of its content “crazy stuff.” If somebody goes to Parler, they are
The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens
CNBC’s Jim Cramer on Wednesday ripped Congress and President Donald Trump‘s administration for their inability to strike a deal on additional coronavirus relief this fall, contending the lack of fiscal support has caused permanent damage to small and medium-sized businesses across the U.S. “I really hate to say this, but I think that Congress has
getty Readers, I have been remiss. I have been watching reports of major pension funds overseas divesting from fossil fuel corporations, and have been placing the topic on my to-do list, intending to share this development with readers “someday.” Last year in Norway, for instance, the $1.6 trillion Government Pension Fund Global will divest from
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