On August 18, 2020, the IRS released the draft Form 1040 for the 2020 tax year. As you can see in the snippet below, the controversial virtual currency question (At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?) the IRS first introduced for
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Director of the Centers for Disease Control and Prevention Dr. Robert Redfield pointed Friday to a new study published by his agency as evidence that there is a way to safely reopen childcare centers and schools despite the pandemic. The study that Redfield cited looked at confirmed and probable Covid-19 infections linked to childcare centers
Inmate firefighters prepare to put out flame on the road leading to the Reagan Presidential Library during the Easy Fire in Simi Valley, California on October 30, 2019. Mark Ralston | AFP | Getty Images Deadly wildfires are still ripping through California, decimating land and homes and forcing thousands of people to evacuate. But first responders lack
Former Vice President Joe Biden, Democratic presidential nominee, speaks during the Democratic National Convention at the Chase Center in Wilmington, Delaware, U.S., on Thursday, Aug. 20, 2020. Stefani Reynolds | Bloomberg | Getty Images Joe Biden accepted the Democratic presidential nomination on Thursday night, which could be the beginning of a series of reforms for
Kevin O’Leary told CNBC on Thursday that he does not believe Democratic presidential nominee Joe Biden would impair the stock market if the former vice president were to defeat President Donald Trump in November. “I don’t think Biden is going to hurt the markets at all if he gets elected. His hands are tied,” the
Many real estate agents thinks the proposed pied-à-terre tax would have a dampening effect on an … [+] already sluggish market. getty New York State lawmakers have made a few attempts over the years to institute a one-time fee on the purchase of luxury-priced non-primary residences, but the so-called pied-à-terre tax has not come to
HARTFORD, WISCONSIN – AUGUST 17: Mailboxes from across the country are stored outside of Hartford … [+] Finishing Inc. where they will be refurbished or repaired on August 17, 2020 in Hartford, Wisconsin. A viral photo of the mailboxes has been misused on social media as evidence of the Trump administration tampering with the United
getty Feeling overwhelmed and not sure how to handle those overdue notices from the Internal Revenue Service (IRS)? You aren’t the only one. Taxpayers have been complaining about the receipt of notices showing a balance due with impossible deadlines. How many notices went out? According to the Taxpayer Advocate, during the pandemic-related shutdown, the IRS generated
Monique Hernandez registered nurse at Riverside community hospital is overcome with emotions during a memorial and candle light vigil for Hollywood Presbyterian Nurse Celia Marcos who died two days after testing positive for Coronavirus at Hollywood Presbyterian Medical Center in Los Angeles on Wednesday, May 6, 2020. Keith Birmingham | MediaNews Group | Pasadena Star-News
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California, June 22, 2020. Brooks Kraft | Apple Inc. via Reuters The blistering rally that pushed Apple‘s market value over $2 trillion this week is showing no signs of slowing. Shares of Apple jumped
Jeffrey Ubben Source: BusinessWire Jeffrey Ubben is betting on widescale adoption of clean energy through his new fund Inclusive Capital Partners, which he launched in June after stepping away from ValueAct to focus on sustainable investing full time. His fund is the lead investor in a company being formed through a partnership between Schneider Electric
Former White House Chief Strategist Steve Bannon exits the Manhattan Federal Court, following his arraignment hearing for conspiracy to commit wire fraud and conspiracy to commit money laundering, in the Manhattan borough of New York City, New York, U.S. August 20, 2020. Andrew Kelly | Reuters A little-known not-for-profit run by Steve Bannon, and now
The Federal Emergency Management Agency, which is overseeing program funding, had approved 13 states to offer the extra unemployment benefits as of around noon ET on Friday. Those states are: Arizona, Colorado, Idaho, Iowa, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, New Mexico, Oklahoma and Utah. Seven others — Alabama, Alaska, Arkansas, California, Indiana, Texas and West
SHANGHAI, CHINA – APRIL 12: Adam Neumann, co-founder chief executive officer of WeWork, and Victor … [+] Fung Kwok-king (R), chairman of Fung Group, attend a signing ceremony at WeWork Weihai Road flagship on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million
President Donald Trump speaks during a rally at Yuma International Airport in Arizona on Aug. 18. Brendan Smialowski | AFP | Getty Images Employers and payroll companies have less than two weeks to put President Donald Trump’s payroll tax deferral in place. It’s looking like an uphill battle. The president signed an executive order on
WASHINGTON, DC – AUGUST 07: U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) and Senate Minority … [+] Leader Sen. Chuck Schumer (D-NY) speak to members of the press after a meeting with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol August 7, 2020 in Washington,
Rendering of a red elephant in a spotlight representing the Republican Political Party in front of … [+] the American Flag. getty President Trump’s sagging poll numbers have prompted some eager speculation about the future of the Republican Party. If Trump loses, will the GOP rethink its political strategy? Recast its policy agenda? Or will it double down on both
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images On Friday, AMC, Regal, Cinemark and Marcus Corp and other major theater chains reopened their doors to the public after five long months of being shuttered due to the
Target CEO Brian Cornell said he’d like to see Congress strike a stimulus deal, but he credited closed movie theaters and canceled summer vacations for the retailer’s blowout quarter during the coronavirus pandemic. The lockdowns across the U.S. that forced consumers inside also sent them to its store and website to shop, Cornell said on
Take a look at some of the biggest movers in the premarket: Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.57 per share, well above the consensus estimate of $1.26 a share. Revenue also came in above Wall Street forecasts and Deere raised its full-year outlook, although it said many uncertainties remain