As tax season approaches, many Americans are feeling the pressure of potential IRS audits. While recent enforcement efforts have mainly targeted high-income individuals, large corporations, and complex partnerships, everyday taxpayers are not exempt from scrutiny. In fact, certain issues are more likely to trigger an audit, causing anxiety among taxpayers nationwide. With the Internal Revenue
Going to community college and then transferring to a four-year school is often considered one of the best ways to get a degree for significantly less money. However, recent research has shed light on the challenges that community college transfer students face in achieving their educational goals. Enrollment at community colleges has been on the
German travel giant TUI has recently reported a quarterly profit of 6 million euros ($6.46 million), a significant surprise that defies the expectations of the industry. Analyst consensus forecasts predicted a loss of 102 million euros in underlying earnings before interest and taxation (EBIT), making TUI’s swing to profit exceptionally positive news. This impressive turnaround
The golf world was buzzing with excitement as Tiger Woods and TaylorMade officially announced their collaboration on a new apparel and footwear performance and lifestyle brand. Titled Sun Day Red, this brand marks an important transition for Woods following his recent split with Nike. Set to be released online in May, the brand holds great
China’s economy is currently undergoing a massive transition that has led to a confidence deficit, according to Bill Winters, CEO of Standard Chartered. This lack of confidence is evident both among external investors and domestic savers. However, Winters believes that China’s shift from an old economy to a new one is showing promising signs in
The recent surge in Nvidia’s stock price has sparked a fear of missing out (FOMO) among investors, according to Evercore ISI’s Julian Emanuel. Clients, including those who witnessed the dot-com boom and subsequent collapse, are more concerned about being underinvested rather than overexposed. This shift in sentiment is raising alarm bells, as it resembles a
As tax season gets into full swing, the IRS has reported issuing over 2.6 million refunds amounting to approximately $3.65 billion as of February 2nd. However, compared to last year, the average refund size has decreased by around 29%, currently standing at $1,395 instead of the previous $1,963. It’s important to note that these statistics
Jeff Bezos, the founder of Amazon and one of the world’s richest individuals, made headlines last week when he sold $2 billion worth of stocks. However, what may have gone unnoticed is the significant tax advantage he gained by moving from Seattle to Miami. In this article, we will explore the tax implications of Bezos’
President Joe Biden recently addressed the issue of shrinkflation on social media, denouncing snack companies that deceive consumers by reducing the quantity or size of their products while maintaining the same price or even increasing it. In his statement, President Biden described shrinkflation as a “rip off” and urged companies to put an end to
A recent American Rental Housing Report from Harvard University’s Joint Center for Housing Studies has shed light on a concerning statistic – more than 18 million rental units in the United States are located in areas exposed to extreme weather hazards. This means that a significant portion of the rental housing market is at risk