With Donald Trump opting out of the GOP debate on Wednesday, his competitors now have a prime opportunity to showcase their potential by outlining their strategies to defeat President Joe Biden and guide the nation towards a brighter future, following his series of setbacks. As previously mentioned, Trump would have likely dominated the debate with …
Wall Street is experiencing a significant shift as financial firms are moving their headquarters out of New York and into states like Florida and Texas. Since the end of 2019, nearly 160 Wall Street firms have made the move, taking almost $1 trillion in assets with them. The reasons cited for this mass exodus include …
All Massachusetts public school students will now have the privilege of receiving complimentary lunch, providing a significant economic relief to families. This initiative is made possible by the implementation of a new tax on millionaires in the state. Generating approximately $1 billion, the tax will contribute to the state’s $56 billion fiscal budget for 2024. …
New York Mets owner and successful hedge fund manager, Steve Cohen, is currently embroiled in a legal battle with the Internal Revenue Service (IRS) over the payment of self-employment taxes on income from several years ago. Cohen, who is 67 years old and has a net worth of $13.2 billion according to Bloomberg, is disputing …
Many Americans eagerly await their payday. According to a report by LendingClub, as of June, 61% of adults in the United States are living paycheck to paycheck. This means that they rely solely on their regular paychecks to cover essential living expenses, with little to no money left over. A survey conducted by Bankrate reveals …
U.S. Secretary of the Treasury Janet Yellen arrived at Johns Hopkins University’s School of Advanced International Studies (SAIS) in Washington, DC, on April 20, 2023, to deliver remarks. Anna Moneymaker | Getty Images News | Getty Images Treasury Secretary Janet Yellen commended the IRS for its new initiative, which she believes will contribute to a …
KPMG is providing paid internships to high school students as a solution to the staffing shortage in the accounting field. Despite not having a passion for accounting, Autumn Kimborough, a 17-year-old high school senior from Flossmoor, Illinois, became excited when she heard about the well-paid summer internship opportunity at KPMG, which also included a $250 …
The recent raid by the FBI on a sleepy office complex near New York City has uncovered a surprising possible hiding place for iconic wine shop, Sherry-Lehmann. While FBI agents were already searching the closed shop on the Upper East Side, another team descended upon a tower in Pearl River, NY. Sources suggest that the …
Three major tax preparation firms, H&R Block, TaxAct, and TaxSlayer, have been accused of sharing highly sensitive information on millions of taxpayers with Meta, the parent company of Facebook, according to a report by a group of congressional Democrats. The lawmakers are calling for federal agencies, including the IRS, the Department of Justice, the Federal …
Some members of Congress are urging for criminal charges to be filed against major tax-preparation companies in the US for allegedly sharing taxpayers’ protected data with Google and Meta. H&R Block, TaxSlayer, and TaxAct are accused of sharing private information, such as gross income, tax refund amounts, and details about government programs and tax …