Business

Image Source | Image Source | Getty Images As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent IRS enforcement has targeted high-income individuals, large corporations and complex partnerships. But everyday filers could still face an audit — and certain issues are more
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Violetastoimenova | E+ | Getty Images House lawmakers are weighing relief for a “marriage penalty” that impacts the federal deduction limit on state and local taxes, known as SALT. While the bill doesn’t have broad support, it could help shape future tax policy discussions, experts say. Enacted via the Republicans’ 2017 tax overhaul, there’s currently
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(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during the BRICS Summit on September 4, 2017. Wu Hong | Afp | Getty Images Millionaire population in the BRICS countries will see a
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IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images After vowing to “substantially” reduce audits on a low-income tax credit in September, the IRS confirmed it’s taking steps to address the inequity. “We’ve announced a significant and dramatic reduction
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The Senate Judiciary Committee, under Democrat Dick Durbin and Republican Lindsey Graham, held a hearing Wednesday, January 31, that the Committee advertised as “the first time a group of Big Tech CEOs will testify on online child sexual exploitation.” The CEOs included Meta’s Mark Zuckerberg, TikTok’s Shou Chew, X’s Linda Yaccarino, Snap’s Evan Spiegel, and
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A beautiful, high spirited, blazing bundle of positive and boundless energy Super-model, television host, author, philanthropist and much more, Simonetta Lein is like the energizer bunny. She is zealous about her career, exuberant about her accomplishments, and enthusiastic about her life in general. Originally from Italy, Simonetta relocated to the USA and within a very
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“The Korean peninsula is dashing toward the cliff of a nuclear war,” says the North Korean government publication Rodong Sinmun.  Here’s why. For 73 years, the goal of North Korea has been to swallow South Korea in a “peaceful reunification.”  On Monday, January 15th, that changed.  Forty-year-old North Korean dictator Kim Jong Un gave a speech
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England’s Morrisons, a 470-store British supermarket chain, has tried something innovative but disturbing. In a few of its stores over the Christmas season, it installed a robotic intrusion detector designed to act as a night watchman on construction sites, in mines, and on farms.  Morrisons tried this machine to detect, not trespassers, but shoplifters. The robotic
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In Las Vegas, Lazaro Hernandez was a flamboyant, jet-setting poker player shown in televised tournaments with stacks of colorful chips. But the casually dressed gambler spotted on security cameras with wads of cash at the casino cage was hiding a secret life. And federal investigators say he was gambling with people’s lives. Hernandez, they say,
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