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Treasury, IRS issue corrected census tracts for the Qualified Alternative Fuel Vehicle Refueling Property Credit

— The Department of Treasury and Internal Revenue Service today corrected Appendix A and Appendix B of Notice 2024-20 to add additional eligible census tracts for the qualified alternative fuel vehicle refueling property credit.

Need more time to file a federal tax return? It’s easy with IRS Free File

— With the April 15 tax filing deadline fast approaching, the Internal Revenue Service reminds taxpayers who need more time to file their return that receiving an extension is quick and easy through IRS Free File on IRS.gov. 

Dirty Dozen: Bogus tax avoidance strategies, schemes with an international element wrap up annual taxpayer awareness campaign

— The Internal Revenue Service wraps up the 2024 Dirty Dozen campaign with a warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed to reduce or avoid taxes altogether.

Dirty Dozen: High-income filers vulnerable to illegal tax schemes; face risk from improper art donation deductions, charitable remainder annuity trusts, monetized installment sales

— As part of the Dirty Dozen campaign, the Internal Revenue Service warned wealthy individuals about three tax traps designed for them by dishonest promoters and shady tax practitioners. 

IRS Free File can help those with no filing requirement get overlooked tax credits, refunds; extension requests also available

— The Internal Revenue Service today encouraged low- to moderate-income individuals and families, especially those who don’t normally file a tax return, to use IRS Free File to prepare their federal tax return and get potentially overlooked refunds and tax credits.  

Treasury, IRS issue guidance on the credit for the production of clean hydrogen and the election to treat clean hydrogen production facilities as energy property

— The Treasury Department and Internal Revenue Service today issued guidance for the collection of information for taxpayers to request an emissions value from the Department of Energy (DOE) to petition the Secretary of the Treasury for a determination of a provisional emissions rate (PER).

Treasury and IRS announce new regulations on corporate stock repurchase excise tax

— The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would provide taxpayers and tax professionals with new guidance concerning the one percent excise tax owed on corporate stock repurchases.

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Dirty Dozen list ends with easements, digital assets, and more

The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.

Proposed regs. issued for 1% excise tax on corporate stock repurchases

Two sets of proposed regulations issued by the IRS provide guidance on the implementation of the new excise tax and on rules for the procedure and administration applicable to the reporting and payment of the tax.

Two home energy rebates not includible in gross income, IRS says

The IRS said it will not include the rebates provided under the Inflation Reduction Act of 2022 in individual purchasers’ gross income or in the cost basis of the property purchased.

AICPA: BOI ruling confuses businesses; enforcement should be delayed

In a letter to the Treasury secretary and the FinCEN director, the AICPA called for enforcement of beneficial ownership information reporting regulations to be suspended until after lawsuits are settled.

Supreme Court to decide estate tax impact of life insurance in closely held businesses

This term, the Supreme Court will answer the questions regarding the estate tax treatment of life insurance proceeds received by a closely held business and its shareholder redemption obligations. It heard oral arguments last week.

Foreign earned income and housing exclusion denied

Another worker at a U.S.–Australia joint defense facility fails to nullify a closing agreement waiver.

Court’s inaccessibility extends taxpayers’ petition filing deadline

Although mailed after the 90- day deadline had expired, the petition was timely because it was filed within a 14-day extension provided under Sec. 7451(b)(1).

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A Portuguese Jeweler Focuses Solely on Hand Work

Rosior, a family business, does not even use computer design programs.By Abigail R. Esman

The Big Number: $30 Billion

An agreement by Visa and Mastercard to cap swipe fees could save merchants billions. The question is how much it will help consumers.By Santul Nerkar

‘Winners and Losers’ as $20 Fast-Food Wage Nears in California

The nation’s highest state minimum wage for fast-food workers takes effect on Monday. Owners and employees are sizing up the potential impact.By Kurtis Lee

New York’s Marijuana Scorecard: 85 Legal Shops, 2,000 Illegal Ones

The lack of legal dispensaries and the overwhelming proliferation of illegal ones are the biggest concerns of the rollout three years after legalization.By Ashley Southall

America’s Largest Minority Is Also Its Most Misunderstood

Most Latinos are not rootless, illegal transients as some citizens may think, but a force for American progress.By Marie Arana

New York Must Figure Out How to Fix Cannabis Mess, Hochul Orders

Gov. Kathy Hochul ordered a review of the way New York State licenses cannabis businesses after calling the sluggish rollout of legal cannabis a “disaster.”By Ashley Southall

What the Fight Over the Capital One-Discover Merger Misses About Our Terrible Credit Card System

The deal will do nothing to fix policies that exacerbate the wealth gap and help big business get even bigger.By Aaron Klein

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The Easy Way To Master Networking

As an entrepreneur and business owner, I’m here to demystify networking: what it is, how to do it well and how to make networking work for you.

The Future Of Black Entrepreneurship: Emerging Trends And Opportunities

In recent years, there has been a shift toward more inclusivity and diversity, creating incredible opportunities for Black entrepreneurs.

The Offsetting Paradox: How Companies Can Navigate The Complexities Of Climate Solutions

We often idolize the latest "shiny" climate initiative, and the second any kind of crack begins to show, we kick it to the curb.

Are Professional Sports Teams Overvalued?

There is still tremendous upside in the sports industry if you know where to look.

Is Your Entry-Level Hiring Strategy Flawed?

By mistakenly putting the focus of entry-level job requirements on experience instead of skills, filling jobs in this category is nearly impossible.

Four Steps To Developing Purposeful Partnerships For Positive Social Impact

It’s critical for corporate leaders to be intentional about how our organizations are delivering material social impact.

5 ChatGPT Prompts To Unlock Innovative Ideas (And Scale Your Business)

Everyone is reading the same books, listening to the same podcasts and reciting the teachings of the same gurus. But sheeplike behaviour won’t serve your business.

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White-sounding names get called back for jobs more than Black ones, a new study finds

Economists sent 83,000 fake job applications to a slew of major U.S. companies, and found that the typical firm favored white applicants over Black ones by around 9%.

Five things to know as the tax deadline looms

April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on track with last year's, while the average refund is slightly larger.

Business negotiation tactics to use in everyday life

Techniques to help you make decisions with more confidence and get the outcome you want.

Why the EU is investigating China's wind turbines

Europe wants clean energy, but it's struggling to compete with the low cost of China's green technology. The E.U. just announced it's investigating the subsidies received by Chinese wind turbine suppliers, which play a part in those low costs.

Anti-Diet Culture Gets Hijacked

In recent years, the body positivity movement has raised it's profile, especially on social media largely through self-described anti-diet and body positivity influencers.

Planet Money

Money makes the world go around, faster and faster all the time. At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular folks who are trying to make sense of the rapidly changing global economy.

How much does this cow weigh? (Classic)

This episode originally ran in 2015.