Image Source | Getty Images Many Americans are at risk of not receiving their $1,200 stimulus checks. Now, research estimates that as many as 12 million people could go without the payments due to them. That’s according to the Center on Budget and Policy Priorities, a non-partisan research and policy institute. The center based its
Details: KLR Executive Search Group, part of KLR, a Top 100 Firm based in Providence, Rhode Island, has merged with Next Exec, an executive search and coaching firm in Salem, Massachusetts, expanding KLR’s health care practice. The deal gives KLR entry into the senior living industry, including nursing homes and assisted living facilities. Joining KLR
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Traders baffled by the unprecedented market whipsaw are scrambling to buy protection against more rough sledding ahead.
Matt Marfoglia, a waiter at the Tasting Kitchen in Los Angeles, was furloughed in March. Enhanced unemployment benefits are helping him make ends meet financially, but they may end after July. Matt Marfoglia Matt Marfoglia was living paycheck to paycheck before the coronavirus pandemic. Now, while unemployed, he’s barely scraping by. The 51-year-old was furloughed
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic. Opportunity zones were ushered in by the Tax Cuts and Jobs Act of 2017 and provide substantial tax breaks to investors who develop projects in economically distressed communities, in
Within any company, the ambitions of individual team members should aid the growth of the overall organization. However, it takes a leader to fuel, direct and inspire this ambition into a plan that helps both the team members and the organization as a whole. One way leaders can get their team members to realize their
The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic. In recent months, the IRS’s Criminal Investigation unit has noticed various scams related to economic impact payment and other financial schemes attempting to take advantage of unwary taxpayers.
Dan Gilbert, CEO, Quicken Loans Anjali Sundaram | CNBC Quicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter. The company, founded and owned by Detroit-billionaire Dan Gilbert, has filed its IPO prospectus confidentially, the people said, and may flip it to be public
It won’t be long before that blissful reprieve from having to worry about filing taxes comes to a close — July 15 is Tax Day. While the process may be a headache, it doesn’t necessarily have to come with a cost, as well. If you haven’t yet filed your return, it’s worth checking to see
The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic. While the IRS is continuing to reopen more of its offices and facilities, the notices will be delivered to taxpayers
Cash payments that employers make to charitable organizations providing relief to victims of the COVID-19 pandemic in exchange for sick, vacation or personal leave that their employees forgo will not be treated as compensation, according to new guidance from the Internal Revenue Service. At the same time, Notice 2020-46 provides that employees will not be
Disunion; 13 grand in cigars; ‘til theft do us part; and other highlights of recent tax cases. Detroit: Gary Jones, former president of the international United Auto Workers union, has pleaded guilty to conspiring with other UAW officials to embezzle over $1 million of UAW dues money, to further racketeering activity, and to evading taxes.
Sandy Weill, former CEO of Citigroup. Adam Jeffery | CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening
CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. “It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings … it would be so much fun,” Cramer said on “Squawk
As New Jersey lawmakers grapple with reduced revenues due to the coronavirus pandemic and the related economic downturn, they have turned to an unusual solution: the issuance of bonds that would be repaid, if necessary, through temporarily higher sales and property taxes. A4175, the vehicle for this option, has passed the Senate and moved to
Thursday, Colorado Representatives Yadira Caraveo (D) and Julie McCluskie (D) as well as Senators Rhonda Fields (D) and Dominick Moreno (D) introduced HB1427 which, if approved by voters in November, would increase tobacco taxes in Colorado in three stages beginning January 2021. The tax on cigarettes would increase to $1.94 in 2021, to $2.24 in
Students at the University of Washington in Seattle on campus for last day of in-person classes on March 6. Karen Ducey The coronavirus pandemic and resulting economic recession have many college students scrambling to reduce costs. Some may opt to go to a state college instead of a private one, or commute rather than live
JGI/Jamie Grill Chances are that the IRS has a check with your name on it — and you still haven’t picked it up. Taxpayers have about a month to file their 2019 income tax returns and pay any taxes owed to Uncle Sam. July 15 became the new Tax Day after the Treasury Department moved
One idea that would help the nation’s economic recovery during the coronavirus crisis would be moving to full expensing of capital investment. The depreciation debate might seem confusing, so the question at hand is: how, when, and by what amount can businesses recognize (or recover) the cost of a capital investment, like a piece of
Q: I received a stimulus payment on behalf of my deceased relative. Should I cash it? A: According to the IRS FAQ page on its website, families who receive a stimulus payment on behalf of a deceased loved one should send the money back to the government. The FAQ specifically states: A Payment made to