On May 12, 2020, the IRS sent out a statement of work (SOW) requesting help from independent consultants to crack down on cryptocurrency tax non-compliance. According to the SOW, the IRS is seeking help from technology companies in the crypto tax software space in reconciling taxpayers’ reported cryptocurrency gains and losses on the tax returns.
Month: May 2020
Buyers and renters in England are now able to take part in viewings and move home as long as they … [+] follow social distancing advice. Getty The U.K. government has today announced their plans for restarting the housing market effective immediately, amending coronavirus regulations and issuing new guidance confirming that private residential buyers and
A view of St George’s Municipal Hospital after a fire, five patients dead on ventilator support in the intensive care unit. The hospital was one of the first in St Petersburg to be repurposed as a medical centre to treat infectious diseases like pneumonia, including that caused by the novel coronavirus. Peter Kovalev The U.S.
U.S. stock futures moved lower in overnight trading and pointed to losses at the open on Wednesday, after a sharp sell-off in the previous session. Dow futures fell 70 points, indicating a loss of 0.3%. The S&P 500 and Nasdaq were also set to open lower, with losses of 0.4% and 0.3%, respectively. Stocks fell
In the months since the novel coronavirus started spreading across the world, Bill Gates has been one of the most outspoken public figures with regards to the global response to the pandemic. However, Gates says he wishes he had “done more” to warn the world about the potential dangers of a global pandemic before coronavirus
Relativity Space conducts a pressure test of a 3D printed tank. Relativity Space Relativity Space passed a key milestone toward its goal of launching a rocket that is almost entirely 3D-printed. The Los Angeles-based space start-up conducted a series of tests in December using a 3D-printed tank, which the company increasingly pressurized until it burst.
U.S. Representative, Nancy Pelosi (D-CA) at the ceremonial swearing in of Representative Elect Kweisi Mfume (D-MD). Michael Brochstein | Barcroft Media | Getty Images Fewer people itemizing Since the new tax law, significantly fewer people are claiming the SALT deduction. About 16 million taxpayers claimed the SALT deduction for the 2018 tax year, according to
CANNEX (www.cannex.com) is a Toronto-based company that provides a popular platform for learning about annuity pricing. They provide frequent reports about the types of searches being made by distribution companies and financial advisors that could potentially result in an annuity sale. Their CANNEX Survey Experience covering 2018 provides a lot of insight about the types
The United States Tax Court, like many courts around the country, is closed. Trial sessions are cancelled, and the court typically doesn’t have in-person status hearings or oral arguments on motions even when the world isn’t shut down due to a pandemic. Tax Court petitions, which have to be filed in paper and delivered either
Getty The rebound of the U.S. housing market will not look like a “V” or a “U.” Rather it would be a “W,” according to the updated 2020 forecast of real estate listings website, realtor.com. According to the company’s economics team, national home sales will improve in July, August and September, largely driven by demand
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.2 million Global deaths: At least 291,366 Most cases reported: United States (1,369,314), Russia (232,243), Spain (228,030), United Kingdom (227,741), Italy (221,216) The data above was compiled by Johns
The historic consumer price drop in April may be more than a temporary setback. Michael Gapen, Barclays’ head of US economics research, warns widespread job losses due to the coronavirus pandemic is radically changing Americans’ spending habits. He suggests the damage will last years. “Whether this is a permanent shift will in part depend on
Many successful people have daily routines – from Amazon CEO Jeff Bezos to Tesla and SpaceX CEO Elon Musk – whether it’s an early wake up time, a certain exercise routine or making sure to get enough sleep. Among those to have a routine is Kevin O’Leary, an entrepreneur and investor on ABC’s “Shark Tank.” And even amid
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get
US House Speaker Nancy Pelosi speaks to the press before signing the additional 484 billion dollar relief package amid the coronavirus pandemic at the US Capitol in Washington, DC, on April 23, 2020. Nicholas Kamm | AFP | Getty Images Democrats in the House of Representatives unveiled their proposal for a new stimulus package that
TOPLINE New York Gov. Andrew Cuomo’s proposal for an “Americans First Law” that would require corporations to give back federal funds if they do not rehire employees to pre-pandemic levels will be introduced in Congress by the state’s delegation, elevating the governor’s high-profile response to the pandemic to Washington, D.C. The “Americans First Law” floated
House Speaker Nancy Pelosi speaks about the Heroes Act, Tuesday, May 12, 2020, on Capitol Hill in … [+] Washington. (Saul Loeb/Pool via AP) ASSOCIATED PRESS After weeks of will they or won’t they, they did: House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and
The CFPB launched a new website today to help struggling renters and homeowners during the COVID-19 … [+] pandemic. Getty If COVID-19 has you worried about making rent or paying your monthly mortgage, you now have a new resource to look to thanks to the CFPB. The Consumer Financial Protection Bureau launched its new coronavirus
Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing said Tuesday that customers canceled 108 more orders for 737 Max jetliners in April, further whittling down the company’s backlog of planes as it faces the devastating impact
Chief Executive Officer Bracken Darrell of Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. Arnd Wiegmann | Reuters Logitech reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. Logitech said demand accelerated in the three months
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