If you were born in 1951, did you receive a required minimum distribution between January 1, 2023 and July 31, 2023? If you don’t want that RMD, you can undo it by redepositing the funds into the retirement plan if you act by September 30. Why am I directing this information to those born in
Rewards earned from staking cryptocurrency are to be included in a taxpayer’s gross income when received. For those who follow the taxation of digital assets the position taken in IRS Revenue Ruling 2023-14 comes as no surprise. The ruling formalizes the position the IRS has taken at least since the Jarrett case. The Jarretts’ argument
When moving into a new home, adding items to the bathroom that provide texture and warmth – as well as functionality – can make this space feel more personalized. Whether it’s a new apartment or a new house, high quality bathroom accessories can add the finishing touches to make the space feel less generic, and
In this article CMCSA WBD Follow your favorite stocksCREATE FREE ACCOUNT Movie posters for Barbie and Oppenheimer are pictured outside of the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, 2023. Hannah Beier | The Washington Post | Getty Images “Barbenheimer” remains red-hot at the box office. The combined force of Warner Bros.’ “Barbie”
In this article SBAC YUM WDC ANET LSCC RMBS MPWR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past Yum! Brands Shanghai, China Bloomberg | Getty Check out the companies making headlines in extended trading. Yum China — The restaurant franchiser’s shares fell 3.4% following its mixed second-quarter results. The company announced 47 cents in
The Mega Millions jackpot soared to $1.05 billion on July 31, 2023. Shannon Stapleton | Reuters The Mega Millions jackpot has soared to more than $1 billion for the fifth time in the game’s history. Currently, the 30-year annuitized payout is worth $1.05 billion, Mega Millions’ fourth-largest prize to date. Winners may also choose the
It’s not necessarily hard to find a location with 3,000+ hours of annual sunshine, but not all are created equal. Make the most of a sunny climate in these eight top destinations, chosen not just for the number of days per year they revel in rays but also for their fascinating histories, diverse cultural offerings,
A large portion of my client base involves small business owners with financial troubles due to a failure of paying taxes. As a result, I find that often taxpayers hope that if they ignore IRS Notices the debt will disappear. Unfortunately, this does not occur and results in the taxpayer owing even more due to
There are many reasons to hire an interior designer. Whether it’s renovating a bathroom, kitchen, or entire house—getting a professional not only makes the process easier but maximizes budget and return on investment. But working with an interior designer isn’t just about creating new spaces, it’s about fixing mistakes. Sometimes these mistakes are the result
In this article NEWR Follow your favorite stocksCREATE FREE ACCOUNT Lew Cirne, CEO, New Relic Scott Mlyn | CNBC A consortium led by Francisco Partners and private equity group TPG will take software provider New Relic private in an all-cash, $87-a-share offer that values the company at nearly $6.5 billion, the company announced Monday. New
In this article LC Follow your favorite stocksCREATE FREE ACCOUNT By many measures, consumers who have been squeezed by higher prices should be experiencing some relief. Recent releases show that, at least compared with the soaring inflation from a year ago, prices have begun to ease. The consumer price index, which measures inflation, increased 3% from
On July 30, 1973, Tax Analysts accused President Richard Nixon of playing fast and loose with the tax laws. In a 16-page study released to the public and submitted directly to the IRS, the fledgling nonprofit questioned the deductions that Nixon had taken for donating his official papers to the National Archives. Nixon had made
If the U.S. is to turn around its critical dearth of rental housing units, experts are agreed adaptive reuse projects must be part of the answer. According to a new Adaptive Reuse Report from RentCafe, there is good and bad news on that front. First, the bad news. The number of buildings that underwent conversion
In this article MA V Follow your favorite stocksCREATE FREE ACCOUNT Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images A bipartisan push in Washington to clamp down on credit card fees is pitting retailers against network payment processors — and
In this article IBM MS Follow your favorite stocksCREATE FREE ACCOUNT Scott Mlyn | CNBC While many growth stocks have recovered this year, investors continue to look for attractive dividend picks that can offer steady income and the potential for long-term capital appreciation. Here are five dividend stocks worth considering, according to Wall Street’s top
IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters Scrutiny of a pandemic-era tax credit intensified this week as lawmakers, the IRS and tax professionals sought solutions for the wave of small businesses that wrongly claimed the tax break. The employee retention credit, or ERC,
You probably have a chunk of savings in Treasurys. Here’s how to size up conventional bonds, the inflation-protected ones and other ways to guard against a weak dollar. By William Baldwin, Senior Contributor The Federal Reserve will quickly get the inflation rate down to 2%. Do you believe that? If you do, then the usual
The IRS is clearly serious about moving its Strategic Operating Plan forward. The plan, which was released in April, has been described by the agency as an “ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade.” This week, the IRS announced the appointment of
The Vulcan rocket for the Cert-1 mission stands at SLC-41 during testing in Cape Canaveral, Florida, May 12, 2023. United Launch Alliance United Launch Alliance still plans to fly its heavy-lift Vulcan rocket by late 2023 — despite suffering a mishap earlier this year after an engine exploded during testing. CNBC previously reported that one
In true pioneer tech fashion, 20 modernist 3D-printed homes are rising in Desert Hot Springs, California, about 10 miles north of Palm Springs. Three of the four-bedroom residences, which include accessory dwelling units, have recently been listed at $995,000 each. The homes, sited in a 22-acre gated community of hilltop dwellings, are expected to be