News

— The Internal Revenue Service announced today tax relief for individuals and businesses in Connecticut and New York affected by severe storms and flooding from torrential rainfalls that began on Aug. 18, 2024. Some communities in western Connecticut also experienced landslides and mudslides from these storms.

— Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel are delivering remarks at the Austin, Texas, IRS campus to announce new milestones under Inflation Reduction Act initiatives to ensure wealthy individuals pay taxes owed, improve service for taxpayers through the Digital First Initiative and modernize foundational technology.

— The Department of the Treasury and the Internal Revenue Service today issued a notice requesting comments on Saver’s Match contributions to be paid by Treasury under the SECURE 2.0 Act of 2022.

— The Internal Revenue Service today reminded taxpayers the deadline to submit their third quarter estimated tax payment is Sept. 16, 2024.

— With the funding from the Inflation Reduction Act (IRA), the Internal Revenue Service continues to modernize online tools for taxpayers to take advantage of clean energy credits.

— With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024.

Treasury and the IRS issued a notice on saver’s match contributions to be paid by Treasury under provisions of SECURE 2.0.

The Office of Chief Counsel approves accrual of liability, distinguishing the situation in a CCA from that of Giant Eagle, Inc.

Sixth Circuit affirms district court’s holding that the taxpayer’s refusal to cash a refund check did not keep the controversy alive in his case.

The court held that the notice was not sent to the taxpayer’s last known address.

Individuals promoting retail brands to their online audience may need to report taxable compensation for any benefit received.

Supreme Court: Insurance proceeds increase corporation’s estate tax value ... 9 months into ERC claim processing moratorium, still a waiting game ... National taxpayer advocate: TikTok a difficult adversary for IRS ... Expert warns: IRS has what it needs to pursue more audits ... Bias possible in IRS program for auditing refundable credit returns ... AICPA makes recommendations to IRS on next Priority Guidance Plan

Celebrity chefs and politicians paid tribute to the man behind the extra-thick shake known as the concrete, an intrinsic part of St. Louis summers.By Alex Williams

The vice president on Wednesday proposed an increase on the capital gains tax that was far less than what President Biden has floated, one of several moves meant to win over business owners.By Nicholas Nehamas, Andrew Duehren and Reid J. Epstein

The plan, which Kamala Harris will announce on Wednesday in New Hampshire, would allow new companies to deduct up to $50,000 in start-up expenses, a campaign official said.By Andrew Duehren and Nicholas Nehamas

To mourn the closure of Crest Hardware, a beloved family business in Williamsburg, fans of the store held a wake and staged a second line march.By Rachel Sherman and Graham Dickie

Entrepreneurs say use of artificial intelligence for a variety of tasks is accelerating the path to hiring and, ideally, profitability.By Sydney Ember

Kai Avent-deLeon, who owns a lifestyle store and a restaurant in Brooklyn, starts and ends her day with her journal. In between? Friends, family and delicious food.By Ilana Kaplan

Each step forward in your ventures is about navigating the business landscape and deepening an understanding of what it truly means to succeed on one's own terms.

Talking about how much a client should pay for a professional’s service is a legitimate and crucial topic–just as important as the client’s other business priorities.

A modern workforce demands a modern employee recognition program.

If you find yourself constantly overwhelmed, spread too thin or struggling to maintain a work-life balance, it’s crucial to reassess your boundaries and priorities.

Your LinkedIn summary is your digital elevator pitch. Here’s where anyone visiting your profile can learn about you. Don't waste this opportunity.

You can support your team’s health goals without sacrificing the financial health of your organization.

The Campbell Soup Company's CEO said the "subtle yet important change" to the name adopted in 1922 better reflects the broad number of products it makes.

Keurig agreed to pay $1.5 million in penalties — without admitting guilt or denying the SEC's findings that the K-Cup pod producer made inaccurate claims regarding the recyclability of those pods.

Barcelona has always attracted crowds, but now it's attracting protests from locals angered at the negative consequences of being one of Europe's most popular destinations. This is especially true as large cruise ships can dock close to some of the city's most famous landmarks. On today's show, we look at how cruise ships are both driving revenues and frustrations in Barcelona, and we consider what the city's options are for regulating the flow of visitors.

Are the promises made by AI boosters all hype, or are we actually under-appreciating the transformative potential of AI?

Attorneys representing conservative activist Edward Blum and the Atlanta-based Fearless Fund wrote that both parties “have settled,” asking the court to permanently dismiss the case.

After buying Twitter in 2022, Elon Musk instituted sweeping changes — including rebranding the social media platform as "X." Authors Kate Conger and Ryan Mac recount the takeover in Character Limit.