The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. However, after the significant corporate tax rate reduction passed in the Tax Cuts and Jobs Act, many S corporation shareholders are wondering why they are still being excluded from this worthwhile benefit.
In this article CVS BBY LOW WMT WBA HD Follow your favorite stocksCREATE FREE ACCOUNT America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. Over the last several years, companies such
In this article PPI XLF SIVB .SPX Follow your favorite stocksCREATE FREE ACCOUNT There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,'” Davi, who runs the AXS
In this article ILMN Follow your favorite stocksCREATE FREE ACCOUNT Reptile8488 | E+ | Getty Images Company: Illumina (ILMN) Business: Illumina develops, manufactures and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina and Grail. Grail, which was acquired in August 2021, is a
When it comes to college these days, students are more concerned about how they will pay the tab than they are about getting in, according to a recent survey of college-bound students and their families. Higher education already costs more than most families can afford, and college costs are still rising. Tuition and fees plus room and board
In the U.S., some Republican lawmakers are proposing to raise the age of eligibility for full Social Security benefits, provoking withering criticism from President Biden and many Democrats. But the debate over when government should begin paying retirement benefits isn’t just a controversy here. It is happening all over the world. French President Emmanuel Macron
The IRS has posted answers to frequently asked questions focused on whether certain costs related to nutrition, wellness, and general health are medical expenses that may be paid or reimbursed under a health savings account (HSA), health flexible spending arrangement (FSA), Archer medical savings account (Archer MSA) or health reimbursement arrangement (HRA). Background These answers
In this article NSC Follow your favorite stocksCREATE FREE ACCOUNT A Norfolk Southern Corp. engine car moves through the Lamberts Point coal transloading facility in Norfolk, Virginia, on Wednesday, March 17, 2010. Andrew Harrer | Bloomberg | Getty Images Norfolk Southern said Wednesday it agreed to provide up to seven paid sick days per years
In this article CSG.N-CH SBNY Follow your favorite stocksCREATE FREE ACCOUNT People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Spencer Platt | Getty Images Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled lender’s
In this article EOCW RJF Follow your favorite stocksCREATE FREE ACCOUNT sturti With expectations for a recession already in the forecast for 2023, the recent failures of Silicon Valley Bank and Signature Bank have further stoked fears that an economic downturn could be on the horizon. But it remains to be seen when a recession
Financial technology is growing and improving every day and robo- and hybrid-advisors are creating a more accessible and affordable way to gain financial guidance. With all the advancements, many people have asked me this question: are financial advisors going to become obsolete? Naturally as a financial advisor myself, I sure hope not. But I also
Over the past few years, there has been an uptick in the number of taxpayers asking about married filing separately as a tax status. Some of the inquiries are because the status can be confusing, but others have focused on whether there was a benefit to switching status to claim certain pandemic-related benefits. Now that
Two U.S. bank failures sent Wall Street investors scurrying for the perceived safety of the bonds markets this week, providing the real estate industry with an unexpected boon on the brink of its busiest season: the lowest mortgage rates in three weeks. The average U.S. rate for a 30-year fixed-rate home loan fell to 6.6%
In this article GM 9866-HK XPEV 2015-HK Follow your favorite stocksCREATE FREE ACCOUNT A worker checks the quality of a vehicle before rolling off the assembly line at the production workshop of SAIC General Motors Wuling in Qingdao, East China’s Shandong province, Jan. 28, 2023. (Photo credit should read CFOTO | Future Publishing | Getty
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. Rebecca Noble | AFP | Getty Images The panic-induced customer withdrawals that imploded Silicon Valley Bank and Signature Bank — and sent shock waves through financial markets and the broader banking
Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Justin Sullivan | Getty Images Elizabeth Holmes hasn’t paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year
In this article GWILX Follow your favorite stocksCREATE FREE ACCOUNT Flashpop | Stone | Getty Images As women in America struggle to get equal pay and rise up the ladder, companies that empower and promote female workers are being rewarded by impact investors. Known as gender lens or gender equity investing, the idea is to
In this article SIVB SBNY Follow your favorite stocksCREATE FREE ACCOUNT People wait for service outside Silicon Valley Bank in Menlo Park, California. John Brecher | The Washington Post | Getty Images Account holders at failed Silicon Valley Bank and Signature Bank got a lucky break in recent days when emergency federal efforts ensured that
In this article SBNY EFX Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Bloomberg | Getty Images Some consumers who tried to deposit an Equifax settlement check in recent days got a surprise: It bounced. The checks, a result of a legal settlement over the credit-reporting firm’s 2017 data breach, were written against an account
The latest estimates say the Social Security trust fund will run out of money earlier than previous estimates. In 2022, the Trustees of Social Security and Medicare projected that the Social Security retirement trust fund would run out of money in 2034. I said at the time that estimates and assumptions used in the projection