The IRS is currently in the process of developing strategies to avoid increased audits on taxpayers making less than $400,000. However, experts caution that specific details in your tax return can still trigger scrutiny regardless of income level. The Treasury Inspector General for Tax Administration recently reported that the IRS has only made “limited progress”
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The property market in China continues to face challenges, as noted by Standard Chartered CEO Bill Winters. Winters highlighted the difficult investing environment in China, pointing out that consumer confidence and international investor confidence remain relatively low. The underlying source of confidence issues seems to be the property market, which has not yet fully bottomed
China recently released its consumer price index data for August, showing a 0.6% year-on-year increase. This figure fell short of expectations, with forecasts predicting a 0.7% rise. The report highlighted that costs of transportation, home goods, and rents experienced declines during this period. One notable aspect of the report was the 2.8% year-on-year increase in
The U.S. stock market started September on a shaky note, indicating signs of economic weakness. However, amidst the volatility, investors can seek guidance from top Wall Street analysts to discover potential stock picks. One such recommendation is Planet Fitness (PLNT), a franchisor and operator of over 2,600 fitness centers that recently reported better-than-expected results for
Renowned economist Joseph Stiglitz, a Nobel Prize winner, believes that the Federal Reserve should implement a half-point interest rate cut at the upcoming meeting. Stiglitz has openly criticized the central bank for its tightening monetary policy, stating that they have gone “too far, too fast,” further exacerbating the inflation problem. As investors eagerly await the
Seven & i Holdings has recently rejected a takeover bid from Canadian convenience store operator Alimentation Couche-Tard, claiming that the offer does not benefit its shareholders and stakeholders. The proposal, which offered to acquire all outstanding shares of Seven & i for $14.86 per share, was deemed as “opportunistically timed and grossly undervaluing” Seven &
The iconic British luxury fashion house Burberry Group recently experienced a significant setback as it dropped out of the U.K.’s prestigious FTSE 100 stock market index. This move came after a period of waning sales, management changes, and overall challenges faced by the 168-year-old retailer. The company’s share price has plummeted by over 53% in
Boeing’s Starliner spacecraft finally undocked from the International Space Station months later than anticipated, marking the end of a troublesome mission. Originally scheduled to depart much earlier, the capsule left the ISS without the two astronauts it transported to orbit in early June. Instead, NASA test pilots Butch Wilmore and Suni Williams will remain at