(Bloomberg) — Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their two vehicles. Most Read from Bloo...
Tag: owe
Does Blockchain(dot)com Really Owe $4 Million To CoinFLEX?
CoinFLEX and Blockchain(dot)com reportedly signed an AMM+ Participation Agreement blockchain(dot)com has until March 7 to certify its return to the FLEX coins. Nine Yards Chambers LLC, a Singapore-bas...
Does Blockchain.com Owe CoinFLEX Nearly $4.3M in FLEX tokens?
Join Our Telegram channel to stay up to date on breaking news coverage Online publication Decrypt reports that cryptocurrency exchange CoinFLEX claims it gave the Luxembourg-based financial services b...
Opinion: Trump Is Running for President Again, and Crypto Fans Owe Him Their Votes
In a very interesting twist, the United States Supreme Court is considering a case that would see Joe Biden removed from office while reinstating Donald J. Trump to the White House. Is Trump Again Hea...
Do I Owe Taxes on My Canceled Debt?
why is debt cancellation tax free Usually, if you have a debt canceled, you will owe taxes on the amount of the canceled debt. The Internal Revenue Service does not consider debt as income unless the ...
Bankruptcy court told FTX and Alameda they owe BlockFi $1B
Court confirms that FTX and Alameda owe BlockFi $1 billion after chapter 11 bankruptcy protection filing. While BlockFi has attempted to separate itself from FTX and Alameda during its bankruptcy proc...
‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?
Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor fam...
FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing
During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $3...
Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated
A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has...
Do I Owe Taxes on Stocks?
How to Pay Taxes on Stocks If you sell stocks at a profit, you will owe taxes on those gains. Depending on how long you’ve owned the stock, you may owe at your regular income tax rate or at the capita...
Dear Tax Guy: ‘What happens if I sell my existing house to pay off the loan on my new home? How much tax will I owe?’
Greeting, readers. I’m Andrew Keshner and I’m the tax reporter for MarketWatch. I write about the controversies, open questions and best strategies about taxes. For the purposes of this new column, th...
More than 40% of U.S. households will owe no federal income tax for 2022
More than 72 million American households will pay no federal income taxes this year, marking a large decline from last year, according to a new analysis. An estimated 72.5 million households — o...
You May Owe Money for Receiving an Airdrop you Likely Didn’t Want
Tax struggles are real. If you’re an Ethereum holder in the United States, you may owe taxes for receiving an airdrop you likely didn’t want. In September 2022, the Ethereum network migrated from usin...
Bitcoiners Owe Andrew Ross Sorkin a Big Thank You
Amalgamated Bank, the union-owned New York lender, applied for the code’s creation earlier this year, was rejected, then tried again. In the wake of the May school shooting in Uvalde, Texas, the secon...
Nursing homes suing caregivers for debts they don’t owe, regulator says
Nursing homes and debt collectors are billing and suing long-term-care residents’ family members and friends, demanding payments for debts these individuals don’t legally owe, consumer attorneys and f...
You may owe taxes for federal student loan forgiveness in these states
Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’...
Suit: Michael Saylor, MicroStrategy Owe $100M+ of Damages From Back DC Taxes
The District’s attorney general is trying to recover taxes on what the offices alleges could amount to more than $100 million of income from Saylor Saylor stepped down as CEO of MicroStrategy, the lar...
Berkshire Hathaway Could Owe Billions on Stock Gains Under the New Tax Law
Warren Buffett, CEO of Berkshire Hathaway, likes holding favorite stocks forever. Johannes Eisele/AFP via Getty Images Text size Berkshire Hathaway CEO Warren Buffett has long said that his favorite i...
If You Have This Much Money in Your Savings Account, You Probably Owe Taxes
tax on savings account You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you’ll escape payroll ta...
Cryptos to Remained Tangled as Voyager Digital May Not Repay Their Customers What They Owe!
In a surprising move, one of the popular crypto lending platforms with more than 3.5 million registered users filled for bankruptcy earlier today. According to the court filing, the holders are expect...
Report: Crypto traders potentially owe IRS around $50B in unpaid taxes
A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, ...
I borrowed $50K for culinary school, but now owe $90K. How do I get out of debt?
How to get out of student loan debt Getty Images/iStockphoto Question: I went to culinary school where I received a bachelor’s degree in culinary management. At the time in 2007, I didn’t know it woul...
‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?
Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k. I am on an income-driven plan but my biggest p...
I have 4 degrees and owe $197K in student loans. What should I do?
How to get out of student loan debt Getty Images/iStockphoto Question: I am 55 and a mental health therapist. I have $197,000 in student loans that were for four degrees, plus some in Parent Plus loa...
What Elon Musk and Jeff Bezos would owe under Biden’s new budget — Quartz
For years some of the wealthiest Americans have paid little to no federal income tax thanks to US laws that don’t recognize unrealized gains, such as stocks or property, as taxable income. Amazon CEO ...
I now owe 3x what I originally borrowed in student loans. What can I do?
Borrowers with less-than-perfect credit records face challenges while climbing out of debt, and they can get steeper when you’re older because income tends to plateau. Getty Images/iStockphoto Questio...
I took out student loans for my now-imprisoned son. I owe $50K. Please help.
From student loan forgiveness to refinancing, some options to consider. Getty Images/iStockphoto Question: I just turned 60 and will probably have to work 20 more years. I currently owe about $50,000 ...
‘This feels very unfair.’ I’m 73 and worked full-time in education. Over 17 years, I made only one late payment on my student loans. I still owe $12K. Can you help?
Getty Images/iStockphoto Question: I’m 73 years old. I took out student loans in 1999 and consolidated in 2004. I have made only one late payment in the 17 years I’ve repaid. I worked full time at two...