Tax Notes reporter Andrew Velarde discusses the penalty dispute in Farhy v. Commissioner and the case’s implications for other penalties and future refund decisions. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: no penalty
Month: May 2023
When you think about the causes of dementia, age probably springs first to mind as it is primarily associated with Alzheimer’s, a disease which hits the older adult age groups the hardest. Diabetes and high cholesterol are also in the high risk category, as are family history, smoking and alcohol use, according to Stanford Medicine.
In this article FSR FSR Follow your favorite stocksCREATE FREE ACCOUNT Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said on Tuesday that it’s “refocusing the company on North America” as it exited a European joint venture with its chassis supplier, The news came as the company reported its first-quarter results. Here
In this article PYPL TREX PLTR WDC Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian passes a banner displaying Palantir Technologies signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE), Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines before
Halfpoint | Istock | Getty Images As of the latest tally, 1.4 million more Americans have dropped out of college — although some “stopouts” may reenroll if the Supreme Court affirms President Joe Biden’s student loan forgiveness plan and their education debt is forgiven, a new report shows. Overall, college enrollment declines have begun to
Former Real Housewives of Atlanta star Kim Zolciak-Biermann has denied reports of financial difficulties for some time—but it appears that the bills are finally catching up to her. The IRS has filed federal liens against Zolciak-Biermann and her husband, former NFL outside linebacker Kroy Biermann, in excess of $1.1 million. Real Estate Last fall, the
Amid rising interest rates, inflation concerns, and lifestyle trends that are generating a paradigm shift across the country, many investors are viewing the commercial real estate market with hesitancy. In March, the Federal Reserve increased the interest rate on reserve balances to 4.9%, making it more expensive for those taking out a loan to borrow
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Guests at Florida’s Walt Disney World. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Changes are coming to the Walt Disney World Resort in Orlando, Florida. Prompted by guest feedback, Disney is updating some park policies to better accommodate both local and
In this article PLTR Follow your favorite stocksCREATE FREE ACCOUNT Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum, in Davos, Switzerland, Jan. 18, 2023. Arnd Wiegmann | Reuters Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said
Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg | Getty Images UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of
Activist investor Nelson Peltz has no intention of pursuing a shakeup at Club holding Estee Lauder (EL), in part because the prestige beauty firm’s dual-class share structure gives the Lauder family outsized control over the direction of the company, Jim Cramer said Monday . Jim’s comments came in response to a New York Post story
Orna Guralnik Source: Showtime Not long after I began working as a personal finance reporter at CNBC in 2018, I started psychoanalysis. The form of therapy had long intrigued me, with the intensity of its three sessions a week and its search for answers among our dreams and pasts. Because I’d heard that psychoanalysis was
The U.S. Department of Justice has filed a complaint seeking to bar nine Florida tax return preparers and their associated business from assisting in preparing federal income tax returns for others. Background According to the complaint, Richard Louis—sometimes known as the “Taxman,” Teddy Davis, James Merrill, Daniel Ouku, Demetrius Knowles, Harold Bornelus, Joseph Garrett, Marlyne
Looking for a great Mother’s Day Gift that mom will truly appreciate? Why not give her a beautiful gift for the home? Whether mom is a DIYer, loves a comfortable chair, or likes extra luxurious bedding, here are the best gifts to consider. 7th Avenue Arm Chair With Ottoman 7th Avenue Armchair With Ottoman 7th
In this article NFLX DIS PARA WBD Follow your favorite stocksCREATE FREE ACCOUNT Members of the Writers Guild of America (WGA) East hold signs as they walk on the picket-line outside of the Peacock NewFront on May 02, 2023 in New York City. Michael M. Santiago | Getty Images The Writers Guild of America dropped
In this article LCID LCID Follow your favorite stocksCREATE FREE ACCOUNT In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 workers, 18 percent of its workforce, as part of a restructuring plan. Justin
In this article PYPL PLTR SWKS LCID Follow your favorite stocksCREATE FREE ACCOUNT People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out
In this article GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. Brendan Mcdermid | Reuters At a time when many investors are pulling back, family offices are moving into “risk on” mode, with plans
Sen. Bernie Sanders, I-Vt., speaks on raising the federal minimum wage outside the U.S. Capitol on May 4, 2023. Anna Moneymaker | Getty Images News | Getty Images The federal minimum wage of $7.25 an hour has not changed in nearly 14 years. Last week, Sen. Bernie Sanders, I-Vt., unveiled a new plan to update
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