Self-employed workers who quit salaried jobs last year in the “Great Resignation”—the biggest corporate exodus on record—may find themselves reminiscing about the good old days on a payroll as they pr...
Tag: Government Bodies
Estate and Gift Taxes 2021-2022: What’s New This Year and What You Need to Know
The federal estate- and gift-tax exemption applies to the total of an individual’s taxable gifts made during life and assets left at death. Above the exemption, the top rate on such transfers is 40%. ...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
Dow futures sink about 500 points as Putin orders deployment of troops to eastern Ukraine
U.S. stock-index futures were headed sharply lower Monday evening as Russian President Vladimir Putin ordered the deployment of troops to separatist areas within Ukraine, after recognizing their indep...
IRS to activate second ‘surge’ team to handle millions of backlogged tax returns
Two weeks ago, the Internal Revenue Service said it was reassigning 1,200 staffers as a “surge team” of reinforcements tasked with cutting into a backlog that included millions of unprocessed returns ...
The WSJ Tax Guide 2022: What to Know Now About Tax Filing and Refunds
Feb. 18, 2022 5:30 am ET Get ready for a wild tax season. Every year more than 200 million Americans sign and send income-tax returns to the Internal Revenue Service. But the 2022 filing season will b...
Regulators won’t let Boeing certify new 787 jets for flight
Federal safety regulators say they will retain power to approve Boeing 787 airliners for flight rather than return that authority to the aircraft maker, which hasn’t been able to deliver any new Dream...
The Tax Advantages of Series I Savings Bonds
At first glance, a stodgy, government-guaranteed investment may not seem like the most thrilling investment idea. But for many investors that’s exactly what U.S. Treasury Series “I” savings bonds are ...
The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season
Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...
DirecTV to Drop OAN Conservative News Channel
DirecTV said Friday it plans to drop conservative news channel One America News Network, a move that could sharply reduce the pro-Trump channel’s audience. “We informed Herring Networks that, followin...
Lael Brainard Says Inflation Is ‘Too High.’ She’s Open to a Rate Hike in March.
Text size Lael Brainard Jim Watson/AFP/Getty Images Cutting down inflation will be the Federal Reserve’s most important task for the foreseeable future, Fed Gov. Lael Brainard said at her confirmation...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Moderna and Novavax Stocks Get Whacked by Supreme Court’s Vaccine Decision
Text size A nurse takes a Moderna Covid-19 vaccines ready to be administered at a vaccination site Apu Gomes/AFP via Getty Images Novavax stock and shares of other vaccine makers fell Friday after the...
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...
The Warren-Biden Bank Heist – WSJ
Elizabeth Warren finally got her woman—that is, the Senator and her many acolytes in the Biden Administration have succeeded in ousting Jelena McWilliams as chair of the Federal Deposit Insurance Corp...