Taxes

How SunPower Plans to Preserve Its Federal Investment Tax Credits

Posted: October 7, 2019 at 10:30 am

SunPower Corp. (NASDAQ: SPWR) made a handy gain on Monday after the company announced that it has entered into a joint venture with Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: ...
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US Mortgage Interest Tax Deductions Plummeted in 2018

Posted: September 6, 2019 at 10:13 am

Homeownership in the United States is complicated. On the one hand, it has been inextricably linked with the American Dream. On the other hand, it has offered U.S. taxpayer a ...
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IRS Budget Cuts Cost $34 Billion in Lost US Tax Revenue

Posted: August 15, 2019 at 3:41 pm
Last updated: August 16, 2019 12:41 pm

In a 2016 tax gap review by the U.S. Internal Revenue Service (IRS), the agency estimated that U.S. individual and business taxpayers had avoided paying $406 billion because they underreported ...
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Oil Producers Have Finally Found a Way to Appear Environmentally Friendly — and It Doesn’t Cost Them a Thing

Posted: May 24, 2019 at 11:24 am

At its annual general meeting in Aberdeen, Scotland, this week, just over 99% of BP PLC (NYSE: BP) shareholders approved a binding resolution proposed by investor group Climate Action 100+ ...
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US Businesses Paid Less Than 8% of Federal Income Tax Collections Last Year

Posted: May 20, 2019 at 1:35 pm

The U.S. Internal Revenue Service (IRS) on Monday released its fiscal year 2018 Data Book (October 1, 2017, through September 30, 2018). U.S. taxpayers paid a total of $3.465 trillion ...
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12 Major US Companies Losing the Most on China Trade War Fallout

Posted: May 13, 2019 at 1:05 pm

With the United States raising tariffs on $200 billion of foreign goods coming from China last Friday, and the promise of additional tariffs on other goods from China, a retaliation ...
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Nearly Half of Americans Say Their Taxes Are Too High, Lowest Level Since 1956

Posted: April 15, 2019 at 6:25 am

It is tax day, a day many Americans dread as they turn over their IRS paperwork, and sometimes a check, to the federal government. A new survey shows that 45% ...
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California Pot Growers Paying Taxes with Bags of Cash

Posted: April 12, 2019 at 2:14 pm

Perhaps the biggest problem faced by marijuana businesses in states where recreational and medical pot is legal is not being able to find a bank that will do business with ...
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Half of US Taxpayers Paid 97% of 2016 Federal Income Tax

Posted: April 9, 2019 at 2:00 pm

The U.S. Internal Revenue Service (IRS) reported Tuesday that for tax year 2016, the top 50% of U.S. taxpayers as measured by adjusted gross income (AGI) accounted for just over ...
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As Tax Filing Deadlines Near, How the Obamacare Tax Can Surprise Many Investors

Posted: April 8, 2019 at 1:05 pm
Last updated: April 9, 2019 7:46 am

With taxpayers knee-deep in tax season, it's important to keep investments and taxes in mind when it comes to your tax bills ahead of the April 15, 2019 deadline. There ...
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As Tax Filing Deadline Nears, Capital Gains and Dividend Tax Traps to Avoid

Posted: April 1, 2019 at 2:05 pm

With the tax code having been changed yet again in 2018, many investors who have started filing their taxes will be getting some surprises around how much they owe for ...
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Merrill Lynch Much More Optimistic for Upside in Major Utilities in 2019 and Beyond

Posted: March 30, 2019 at 9:10 am

Many investors flocked into the utility sector during and after the Great Recession. After all, this was a safety and defensive investing strategy, first and foremost. But the sector also ...
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Powerball Lottery Hits $750 Million: 12 Things Not to Do If You Win!

Posted: March 27, 2019 at 4:40 am

It has become undeniable that winning the lottery is the new version of the American Dream. The odds of winning might be worse than being struck by lightning on a ...
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Why People Don’t Get Their Tax Refunds On Time

Posted: February 21, 2019 at 9:59 am

The federal government shutdown could cause some people to experience a delay in getting their refunds, as measured against what the Internal Revenue Service says is the normal period. There ...
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How to Get a Loan Now Based on a Coming Tax Refund

Posted: February 20, 2019 at 9:20 am

There is any number of possible reasons why a U.S. taxpayer may want or need to receive an expected tax refund early. And there likely are an equal number of ...
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