The Biden administration is poised to fully block Russia’s ability topay U.S. bondholders after a deadline expires next week, a… Read More »The US Set to Block Russian Debt Payments, Raising Odds of Default
Many adults under 35 are throwing financial caution to the wind. It’sall about saving less, spending more, and pursuing passions.… Read More »The World’s a Mess. So They’ve Stopped Saving for Tomorrow.
The Partnership for New York City found a wider embrace of hybrid workplaces, with 78 percent of businesses adopting the… Read More »Just 8% of Manhattan office workers are back full-time, a survey shows.
Inflation is still on the rise, prompting consumers to change their shopping habits to keep up. The Consumer Price Index jumped… Read More »Inflation remained near a 40-year high in April. Here’s where consumers plan to cut spending
KEY POINTS The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level… Read More »Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs￼
The Internal Revenue Service decided to destroy an estimated 30million paper-filed information return documents in March 2021 becauseof its inability… Read More »IRS destroyed 30M paper information returns due to the backlog
With first-quarter U.S. earnings in the final stretch, corporategrowth expectations for the current quarter and 2022 mostly aredeclining as costs… Read More »U.S. profit forecasts weaken as companies assess inflation risks
Bank of America Corp. scaled back work with some SPACs, part of aretreat by banks including Goldman Sachs Group Inc.… Read More »BofA scales back on SPAC work as bank retreat accelerates
Expanded U.S. government sanctions against Russia in response to thewar in Ukraine include a ban on accounting and management consultingservices… Read More »US sanctions ban the provision of accounting and consulting services to Russia
To fix errors on form 1040, filers need to submit a separate Form1040-X. Here, tax guru, Julian Block offers guidance… Read More »How to Amend Form 1040 and Submit Form 1040-X