According to the IRS, nearly 8 million people reported suspicious activity related to their tax filing last year. And experts say that number will likely be even higher this tax season. Here's what to look out for and how to protect yourself.
At this point, many people are deep in the throes of finalizing their tax returns. The reality is that filing taxes on your own won't necessarily increase your audit risk, and using a tax preparer won't necessarily get you out of an audit. The U.S. tax code is loaded with credits and deductions that can help taxpayers save a lot of money.
Cooperman previously warned that stocks could plunge 22% in 2023, and predicted dismal returns for years to come.
In some states, homes are cheap, property tax rates are less than half of 1% and the average property tax payment is just a few hundred bucks per year. In the most expensive states, however, rates...
"Charles Schwab remains a safe port in a storm, driven by its conservative balance sheet, strong liquidity position, and diversified base" of clients.
"While the inversion says trouble is coming in the medium term, the un-inversion says trouble is coming within a year," Brad McMillan said.
Buffett has explained how to calm bank panics, warned that government guarantees distort markets, and underlined the vast fallout from small mistakes.
You've probably heard time and again that it's important to have a rainy-day fund set up "just in case" something unexpected were to happen. But we're now at a time when having an emergency fund is...
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
"It's too late to find a solution that prevents a hard landing and prevents severe financial stresses," "Dr. Doom" economist Nouriel Roubini said.
It's never a good idea to try to hide income from the government, but the goal every tax season is to try to reduce your taxable income by as much as humanly possible. The best legal way to do that is...
The crisis of confidence affecting regional banks poses a serious risk to the economy, the billionaire entrepreneur warns.
Credit Suisse’s fate is sealed, as Swiss rival UBS acquired the bank for 3 billion francs ($3.2 billion) in a historic deal that has shaken the financial sector. Credit Suisse (CS) (CH:CSGN) asked staff to return to work as usual this morning, but employees greeted the news that the 167-year-old bank will cease to exist with a mix of anger, surprise, tears and, in some cases, resignation that it had to happen, according to conversations with around a dozen staff at the bank. “Everyone is stunned by the speed of the downfall,” said another senior investment banker.
If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. See: Do You...
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Broyhill Asset Management, a boutique investment firm, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The portfolio gained 1.3% net of fees and expenses in 2022 compared to a -18% return for the MSCI World Index. The portfolio compounded at 12.3% annually net of fees and expenses, since […]
This healthcare REIT definitely faces some major challenges. But its dividend doesn't appear to be in imminent jeopardy.
ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), Occidental Petroleum (NYSE: OXY), and Devon Energy (NYSE: DVN) are all benefiting from rising oil prices. This video will answer which one of these energy stocks is the best one to buy now.
The proposed all-share deal between Switzerland's two biggest banks is set to be signed as soon as Sunday evening, the report said, adding that the deal will be priced at a fraction of Credit Suisse's closing price on Friday. An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. UBS has also insisted on a 'material adverse change' that voids the deal in the event its credit default spreads jump by 100 basis points or more, the report added.
Musk again sounded a warning about the impact of the banking sector's troubles on the world's largest economy in the wake of the SVB fiasco.
Tesla's CEO and the world's second richest man says he pays more than his fair share of taxes.
