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IRS.gov offers last-minute filing tips, resources to help taxpayers who still need to file before April 15; special Saturday hours in 70 locations

— With the April tax deadline arriving next week, the Internal Revenue Service today reminded millions of last-minute tax filers that the agency has a variety of free tools and resources available on IRS.gov.

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).

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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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Roses Are Red, Love Is True. Here’s Why This Bouquet Costs $72.

A dozen red roses is timeless. But its price tag is not. At Ditmars Flower Shop in Queens, where costs have soared in recent years, a bouquet is $72, up from $60 in 2019.By Stefanos Chen and Adrienne Grunwald

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

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AI Utopian Or Dystopian—It's Time To Jump In

Two business camps are emerging when it comes to generative AI and the evolution of technology in general: The AI utopians and the AI dystopians.

The Balanced Diet: Funding Your Concept From Startup To Exit

Having a balanced capital table that includes various sources of funding, including angel investment, venture capital and venture debt, is crucial.

Want To Grow A Service Business? Partnering With Big Players Can Be A Great Way To Build Your Pipeline, As This App Developer Found

Jason Martin and Patrick Falvey considered how to stand out in a crowded field about a year ago at AppEvolve, their web development firm in Boise, Idaho. Their answer was finding a new way to sell their services.

Moving Beyond Sound Bite-Thinking: The Role Of DEI In Organizations

In this era of exploration and discovery in developing AI products, even the most successful companies occasionally produce flawed tools.

20 Important Traits To Look For In Technology Startup Candidates

To thrive in an industry known for constantly evolving, startup candidates must be comfortable navigating change.

Maximizing M&A Value Through Successful Integration

While getting an M&A deal over the finish line can be exhilarating, signing on the line is just the start of the journey.

How AI Will Be A Powerful Enabler In B2B E-Commerce

AI tools can support your most critical use cases by making your efforts faster, more personalized or more real-time.

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Google blocks California news in response to bill that would force tech giant to pay

The company on Friday said it has started blocking California-based news outlets to protest a pending bill that supporters say would extend a lifeline to the ailing news industry.

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.

TikTok is filled with tax advice. Is any of it worth listening to?

TikTok, and other apps like it, are filled with financial advice. Some of it is reliable, some... less so.

What Subway's foot-long cookie says about inflation

In this edition of Indicators of the Week: the new incentive for speed in cash prizes for Olympic track and field, growing iPhone assembly in India and the curious inflation puzzle of the foot-long cookies at Subway.

The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?

U.S. stamps are heading for their sixth price hike since 2021. In raw numbers, only four countries in a recent study of 31 developed nations had cheaper stamps than the U.S.

Ford expands a recall of thousands of its Bronco and Escape editions

Nearly 43,000 vehicles are impacted by the recall, including the 2022 Escape and the 2022 and 2023 Bronco Sport editions that have 1.5L engines.

The IRS wants to do your taxes for free. Will it last?

With tax season upon us, many people are paying someone or a software to get their tax returns done. A small group of people, however, are filing online directly with ... the IRS. For free. Today on the show: how the IRS's tax filing experiment came to be, how it's been working so far, and who doesn't like it.