I got laid off by a big tech company. What’s my next career move? 

Being let go from a job is hard, especially at a moment when the cost of living is rising and a recession is looming. This Thanksgiving, tens of thousands of recently laid-off tech workers will be ask...

‘My elderly relative determined she could no longer care for herself’: Are her assisted-living facility costs tax deductible?

I have an elderly relative in an assisted-living arrangement in Indiana. She was basically directed to go there from a rehabilitation post-surgery, because they determined that she could no longer car...

Examiner: Celsius’ accounting and operational controls were ‘insufficient’

In the bankruptcy case involving crypto lender Celsius, the independent examiner claims that the company did not establish “adequate” accounting and operational controls in its handling of...

Celsius had ‘insufficient’ accounting and operational controls, says examiner

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.  In...

Challenges of Accounting and Tax Requirements in Crypto for Institutions

Participating in decentralized finance (DeFi) protocols can make tax accounting even more complex. For example, if an institution is providing liquidity on a decentralized exchange (DEX), it also need...

Trump Organization CFO Weisselberg chokes up on witness stand, claims his ‘personal greed’ drove $1.7 million tax-avoidance scheme

NEW YORK (AP) — Donald Trump’s longtime finance chief choked up on the witness stand Thursday, saying he betrayed the Trump family’s trust by scheming to dodge taxes on $1.7 million in company-paid pe...

FTX victims are setting up GoFundMe fundraisers to try to get their money back

People who say they have lost money in the collapse of crypto exchange FTX are turning to strangers to cover their losses by setting up GoFundMe fundraising pages. They include a man who says that he ...

The secret to a happier retirement might be in your ‘retirement quotient’

You know all about IQ (intelligence quotient) and probably EQ (emotional quotient or emotional intelligence). But if you’re getting close to retirement or in retirement, you might also want to know ab...

Big 4 Accounting Firm PwC Approved as Joint Provisional FTX Liquidators

The Securities Commission of the Bahamas, where FTX is headquartered, has approved the liquidation of FTX’s assets, according to a press release issued this morning. Last Thursday, the regulator...

Opinion: The floodgates are open for grandparents to super-size college savings for grandkids

If you’re a grandparent looking to save the day by helping your grandchildren pay for college, take a second look at a tax-advantaged 529 college savings plan before the end of the year. Rule changes ...

Was FTX hacked? Deep dive reveals “backdoor” built into accounting software

Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). Speculation of a hack steadily app...

Elon Musk Made Unusual Request in Falling Out With Top Tesla Lieutenant

Last year, Elon Musk parted ways with one of his top deputies at Tesla Inc., a French auto-industry executive named Jerome Guillen. Mr. Guillen worked at Tesla for roughly a decade, rising to oversee ...

‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions

A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...

‘It’s a touchy subject’: My in-laws live in our basement. They gave us our 20% down payment. Should we charge them for renovations?

Last year, my husband and I approached my in-laws to see if they wanted to live with us. We had learned that my father-in-law had terminal cancer but could still live five to seven years in remission,...

Gofaizen and Sherle Introduce Full-Cycle Online Accounting In Lithuania – Press release Bitcoin News

press release PRESS RELEASE. Gofaizen & Sherle is a legal and business consulting firm specializing in digital asset-based businesses, financial institutions and investment funds. Having been foun...

If I sell my rental I can pay off my primary mortgage and be debt-free. Is that a good idea in this housing market?

Dear MarketWatch,  I have a rental property that’s worth $175,000, and I owe $53,000. My primary home is worth $265,000 and has $108,000 left on the mortgage. My question is this: Should I sell my ren...

India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline

Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...

‘This has gone on too long’: The bank paid itself $18,000 in fees. My late father’s trust has not been distributed. What recourse do I have?

My father’s father set up a trust at a major bank with my father and the bank’s trust department as co-trustees. My father died at the end of last year; upon his death, the trust was supposed to be di...

Bernstein launches coverage of Canada’s Tilray, Cronos and Canopy Growth but stops short of any buy ratings

Sanford C. Bernstein & Co. analyst Nadine Sarwat initiated coverage of three Canadian cannabis stocks on Wednesday but stopped short of any buy recommendations at current levels. “Is the buzz gone...

‘Am I being ripped off?’ I moved into my husband’s home. I pay for groceries. The rental income from my apartment goes into our joint savings.

I read one of your previous columns regarding the boyfriend who wants the letter writer to move in. My case is similar, but we have already made a decision on how to structure our finances as they rel...

Are older workers getting ‘quiet-fired?’

Here’s a strange paradox regarding older workers: On the one hand, they’re 14% less likely to receive the highest annual performance ratings, according to Mercer’s Workforce Sciences Institute. But, t...

40% of households will pay no federal income tax this year. Why that’s good news.

Millions of workers are bouncing back — and making enough money to pay Uncle Sam. Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic...

Rethinking China: Xi’s Power Play Could Bring Down Stocks Even More

Chinese stocks have lost roughly half their market value, or almost $1.5 trillion, over the past two years. But the damage may not be over as investors reassess their China allocations after President...

IRS has been missing out on $500 billion in taxes owed annually — and the gap between what’s owed and paid is projected to widen

There’s a difference between the amount of taxes that people and businesses owe the Internal Revenue Service and the amount they actually pay. From 2014 to 2016, that multibillion-dollar gap widened, ...

‘When we dated for 5 years, he implied he was financially secure’: My husband was always hesitant about his finances. Now I know why.

Dear Quentin, My husband and I make about the same salary, and live modestly. Six months after we married, I found out my husband’s net worth is virtually zero. He owes more money than he has assets (...

Millions of working Americans are living paycheck-to-paycheck — and running out of cash as another recession looms

Inflation is taking its toll on people’s emergency funds. The share of workers who say they are living paycheck-to-paycheck has surged among middle- to high-income earners — 63% and 49%, respectively ...

Teladoc stock surges after earnings as losses narrow

Shares of Teladoc Health Inc. were up about 13% in after-hours trading Wednesday after the telemedicine company posted a narrower loss than analysts were anticipating for its latest quarter, while sli...

This Big 4 Accounting Firm Launches Metaverse Client Experience

Top four accounting firm Ernst & Young announced it began providing Metaverse based network experience to its clients. The firm had also set up a metaverse lab to allow for developing web 3.0 base...

My boyfriend has a nicer house, and says I should live with him. My mortgage is paid off. He believes I should pay half of his monthly costs. Is that fair?

Dear Quentin, My boyfriend owns a house with a 30-year mortgage balance of $150,000 on a 4% interest rate. He has $275,000 in cash and retirement accounts. He is retired. My house is paid off. I have ...

China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities and U.S. economy will likely fall into recession, former Fed official says

Hi, MarketWatchers. Don’t miss these top stories. China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities Artificial intelligence is among the few fields that b...

Personal savings have plunged — how to boost your savings in case of a recession

As red flags go, this is a big one. The personal savings of Americans have plunged this year, hitting $629 billion in the second quarter of 2022, according to data from the Federal Reserve Bank of St....