If you live in California or certain other disaster areas, watch your mail. The IRS is sending a special follow-up mailing to taxpayers in several states affected by disasters to let them know that they have additional time to pay their taxes. The IRS is taking this special step to help reassure taxpayers affected by
It’s no secret that there’s a housing shortage in the U.S. and there’s plenty of blame to go around for its myriad causes. These range from the homebuilding industry citing laws and regulations like California’s Environmental Quality Act (popularly known as CEQA), to immigration advocates pointing out a shortage of foreign construction workers exacerbating an
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A customer carries a Buy Buy Baby shopping bag in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Bed Bath & Beyond is splitting the bankruptcy-run auction of its Buy Buy Baby chain into two phases as the retailer struggles to
Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. Saul Loeb | AFP | Getty Images All 23 of the U.S. banks included in the Federal Reserve’s annual
If you want to be rich, you have to know your numbers. How much do you spend on groceries? On entertainment? On gifts? Even how much you tip matters. I understand that it can be hard. When your finances aren’t where you want them to be, it’s sometimes easier to just avoid looking at them.
The U.S. Supreme Court building in Washington, D.C., on June 27, 2023. Kevin Dietsch | Getty Images The Supreme Court will soon hear a case that could affect broad swaths of the U.S. tax code, corporate revenue and federal wealth tax proposals. The case, Moore v. United States, is slated for the next court term
Background In a recent case owners of a closely held business got bad news. It is common to have a closely held business own life insurance on the owners (e.g., shareholders if it is a corporation). When an owner dies the business uses the life insurance proceeds on the owner’s life to buyout the equity
It is important for all taxpayers to be at least aware of the power of the IRS, in an effort to incentivize compliance. This is due to the IRS possessing many arrows in its quiver to enforce US taxpayers’ payment of a deficiency. The IRS possesses an assessment statute of limitations which is generally three
The latest Houzz survey of Summer 2023 emerging U.S. home design trends shows the enduring popularity of features that enhance health and wellness. The home design and improvement platform asked homeowners, home design enthusiasts and industry professionals what they were interested in and working on this season. Among the nine trends identified, five can enhance
A home is constructed at a housing development on June 21, 2023 in Lemont, Illinois. Scott Olson | Getty Images Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage application volume rose 3% compared with the previous week, according to
In this article PINS NVDA GIS Follow your favorite stocksCREATE FREE ACCOUNT Boxes of General Mills Lucky Charms cereal are displayed on a shelf at a Safeway store April 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Check out the companies making headlines in premarket trading. General Mills — Shares dropped 3.9%
Pixdeluxe | E+ | Getty Images Americans often worry about hitting specific money goals for retirement, but a new report finds that the decision to retire often happens independently of reaching that “magic number.” U.S. households over the age of 55 control 74% of investable assets, but their retirement status has little to do with
The Internal Revenue Service (IRS) governs some of the most complex laws in the world. Beyond the complexity, the pace of change in the tax code is hard to keep up with year after year. This month, the latest round of proposed tax changes have implications for individuals and business owners. House Republicans released drafts
A recent analysis reveals that homeowners pay nearly $15,000 a year in hidden costs. We’ve already covered why monthly mortgage payments are higher than anticipated because of such factors as property taxes, insurance, and issues revealed during the underwriting process. However, a new study by Zillow and Thumbtack reveals that utility payments and essential home
In this article UAL JBLU Follow your favorite stocksCREATE FREE ACCOUNT Passengers wait at the Newark Liberty International Airport as more than 2000 flights were canceled due to the nationwide storm in New Jersey, United States on June 27, 2023. Fatih Aktas | Anadolu Agency | Getty Images Flight disruptions mounted Tuesday as severe storms
In this article LLY RIDE K WBA Follow your favorite stocksCREATE FREE ACCOUNT A man walks out of Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Check out the companies making the biggest moves in premarket trading: Walgreens Boots Alliance — The retail pharmacy chain
Supersizer | E+ | Getty Images There are two broad categories of life insurance — and data suggests many households aren’t buying the most cost-effective one. Americans bought 4.1 million term insurance policies in 2021, accounting for 40% of all individual policies purchased that year, according to most recent data from the American Council of
A Nigerian national who targeted elderly U.S. victims has been sentenced to nearly seven years in prison for his role in the scheme. Emmanuel Samuel, 39, was charged as part of a group of fraudsters that sent personalized letters to elderly victims in the U.S. Earlier this year, Samuel, along with Iheanyichukwu Jonathan Abraham and
Forbes Global Properties Follow the Willamette River south from Portland, Oregon, and you come to the picture-postcard community of Lake Oswego, one of the wealthiest places in the state. It’s 15 minutes from the city but feels light years away. Terry Sprague of Luxe real estate brokerage firm describes Lake Oswego as a “Hallmark city.”
(L-R) Kevin Chambers, Director for COVID-19 Fraud Enforcement, Department of Justice; Hannibal “Mike” Ware, Inspector General, Small Business Administration; Michael Horowitz, Chair, Pandemic Response Accountability Committee; and Roy D. Dotson Jr., Acting Special Agent in Charge, National Pandemic Fraud Recovery Coordinator, United States Secret Service; testify during a hybrid hearing held by the House Select