The Treasury and Internal Revenue Service have announced that the due date for individual tax returns has been moved from April 15, 2021 to May 17, 2021. IRS Commissioner Chuck Rettig noted: “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers
Month: March 2021
As the spring sales season opens for business, the housing market in New York City is heating up, with townhouse units being among the most sought after by Manhattan buyers. The market for townhouses in New York City is the strongest it’s been since 2015, according to a new report from UrbanDigs, as homebuyers continue
Views of the Disneyland theme park, still closed due to COVID-19 on July 11, 2020 in Anaheim, California. AaronP/Bauer-Griffin | GC Images | Getty Images California’s two Disney theme parks will reopen on April 30, CEO Bob Chapek said on CNBC’s “Squawk Alley” Wednesday. All theme parks in California have been closed due to Covid-related
Pedestrians walk in front of a Williams-Sonoma Inc. store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Williams-Sonoma posted fourth-quarter earnings Wednesday that beat analysts’ expectations as consumers continued to shop for new products for their home during the coronavirus pandemic. The company’s stock rose about 10% in extended trading, as
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose in the the overnight session Wednesday evening after the Federal Reserve said hours prior that it does not currently expect to hike interest rates through
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images Elizabeth Holmes on Wednesday got a six-week reprieve to the start of her trial, as
The Federal Reserve building is pictured in Washington on Monday, March 8, 2021. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate
The Employee Retention Credit program was enacted as part of the CARES Act on March 27, 2020, to provide reimbursement of wages for businesses affected by the COVID-19 virus and incentivize employers to maintain a pre-pandemic level workforce. The 2020 Employee Retention Credit was not available for PPP borrowers and required a loss in revenue
With the job losses and unemployment numbers this year, freelance work has replaced full-time staff positions for many people. This means that, with the gig economy already in full swing, we can expect to continue to see a robust freelance economy in the future. Since this is new territory for many, there are some new
We spend approximately one-third of our lives in bed, which means we are in our bedrooms more than any other room in the home. Yet, many people tend to overlook the design of these spaces. Still, it’s important for our sleep and overall health that our bedrooms give us a feeling of happiness and relaxation,
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks plans to start testing Cold Pressed Espresso in some cafes by the end of the year as consumers increasingly stick to cold drinks for their caffeine jolt. The drink was already available in Starbucks’ upscale Reserve locations. Cold beverages, which are favored by younger customers, have
A woman shops for Lands End brand sweaters in Niles, Illinois. Tim Boyle | Getty Images Land’s End shares jumped nearly 7% in premarket trading Wednesday after the apparel and home-goods retailer reported fourth-quarter earnings and sales that topped analysts’ estimates. It also offered a better-than-expected outlook for the current quarter, and anticipates sales and
Igor Golovniov | LightRocket | Getty Images Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in the wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that the
NFT non-fungible tokens art and collectables illustration, use blockchain technology to create unique digital items for crypto art, crypto-collectibles and crypto-gaming. holly harry | iStock | Getty Images The NFT craze may come with a painful tax surprise for buyers and sellers who use cryptocurrencies, according to tax experts. Sales of NFTs, or non-fungible tokens,
Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Shares of Plug Power dropped more than 15% during premarket trading on Wednesday after the company said it will restate financial results following accounting errors. In a filing with the Securities and Exchange Commission on Tuesday evening, the fuel cell maker said it will
A man exits the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Tuesday, March 5, 2019. Andrew Harrer | Bloomberg | Getty Images The Consumer Financial Protection Bureau has cracked down on another company trying to swindle money out of student loan borrowers by promising them relief with their debt. The bureau
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Small businesses got some good news on Tuesday, when the
As we enter the middle of Tax Season 2021, I’m hearing a lot of people asking the following questions about their mortgage interest, “Can I still deduct my home equity line of credit? Should I refinance to make it tax-deductible again? How do I know if I can deduct the home equity line of credit
If there is one thing we have learned during the past year, while the Covid pandemic has kept us isolated in our homes, it is that the ho-hum, everyday elements of our home life matter. We have painted walls to make rooms more pleasant, we have rearranged furniture to meet the demands of working from
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