A dedicated team of IRS criminal investigation professionals is now working on identifying taxpayers who have omitted to disclose income from cryptocurrency. What Happened: In a Federal Bar Association presentation, Damon Rowe, the Director of the Office of Fraud Enforcement...
Taxes are a fact of life, and so are annual changes in how you file and calculate your federal income tax. But the coronavirus pandemic will mean even more than the usual yearly surprises when you sit down to do...
Some tax law changes may retroactively affect your taxes – to your benefit. Find out if and when you should amend and refile your taxes. You pay income and capital gains taxes on any income earned or gains received, respectively....
When it comes to choosing a retirement plan, you have options. You can sign up for your employer's 401(k) and have funds deducted automatically from your earnings each pay period. Or, you can open an IRA, which is a good...
How is your state treating COVID loans made to companies? The U.S. Small Business Administration’s Paycheck Protection Program (PPP) is providing an important lifeline to help keep millions of small businesses open and their workers employed during the COVID-19 pandemic....
We have officially entered tax season. And, in this time of uncertainty, USA TODAY is working to find answers to your tax questions – anything from how your stimulus checks or unemployment benefits affect your 2020 plans. You can submit...
President Joe Biden has extended the government's lifelines that have helped homeowners keep their homes during the COVID financial crisis. Many mortgage holders have been only too eager to put their payments on hold, as allowed under the relief law...
When the coronavirus pandemic hit in full force in March, it upended normal life in a very meaningful way. Businesses were forced to shut down. Schools closed for in-person learning all over the country. And countless families were left scrambling...
If you're juggling federal student loan debt along with other bills, you're about to get another pandemic-related break. Those who lost a job during the pandemic and now need to decide whether to pay their student loan debt or buy...
We often talk about central banks creating fiat money. In fact, most fiat money is not created by central banks but by commercial banks. Furthermore, not all of the banks that create and hold fiat money are regulated banks. Many...
You probably think a lot about how much you'll need to save for retirement. But how often do you think about just how you'll use that money when the time comes? The accumulation phase of retirement planning is crucial, and...
During the recent GameStop (GME) hullabaloo, America’s attention seemed to turn entirely to the stock market. All over the country, people with no previous interest in trading suddenly knew the meaning of “short selling.” But no crash course on the...
2020 Yelp® Review 1 Star Remember Billy Joel’s 1989, “We Didn’t Start the Fire?” Play that song in your head as you read the following summary of 2020: Escalation in Iran, wildfires in Australia, COVID 19 comes to America, impeachment,...
Only 6.3 per cent of all rated Chinese developers can comply with the central bank’s red line limits on debt, according to S&P’s analysis Seven developers, or more than 20 per cent of those listed on the Shenzhen, Shanghai or...
Tax season will officially start on Feb. 12, and some taxpayers can get an early jump on their 2020 returns now. Free File Alliance, an IRS program that partners with private companies to provide free tax preparation to millions of...
