Leopatrizi | E+ | Getty ImagesMost tax preparers don’t have credentialsDespite the talent shortage, vetting is important because “pretty much anyone can call themselves a tax preparer,” Young said.The IRS receives more than 160 million federal tax returns every year and most come from paid preparers, according to the National Taxpayer Advocate’s 2024 Purple Book of legislative recommendations.There are no federal licensing or competency requirements, and some paid preparers have no training or experience, the report noted. Under current law, the minimum requirement for paid professionals is an IRS-issued preparer tax identification number, or PTIN.However, certified public accountants, enrolled agents…
Author: usaeverydaylife
A still from Warner Bros. Discovery Blade Runner 2049 trailer.Source: Warner Bros. PicturesElon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept.The lawsuit by the movie’s producer, Alcon Entertainment, says that the mega-billionaire Musk and the other defendants requested permission to use “an iconic still image” from “Blade Runner 2049” for the Oct. 10 event hyping the Cybercab at Warner Brothers Discovery’s studio lot in Burbank, California. That request was denied. The Cybercab is Tesla’s concept of…
Editor’s note: The Athletic 134 is a weekly ranking of all FBS college football teams.It’s time to take notice of BYU.The Cougars are undefeated and have delivered Kansas State and SMU their only losses of the season. Yet BYU remains outside the top 10 in both the AP and Coaches polls. But not here. BYU is up to No. 7 in this week’s edition of The Athletic 134.I’m surprised the Cougars haven’t gotten more love. They’re undefeated at 7-0 and have two really good wins, both of which are better than the best wins of Iowa State (Iowa) and several…
The precious metals complex has seen strong performance this year, with gold returning 32% year-to-date and silver returning nearly 40%. Long-term bullish trends are intact for each commodity, but silver looks more actionable in the near term from a technical perspective. While silver has produced strong returns this year, it does not appear overextended when looking at the monthly chart of the iShares Silver Trust (SLV) , which shows a secular turnaround. Long-term momentum is positive and expanding per the monthly MACD and histogram as silver pushes to its highest level since 2013. Next resistance for SLV is not until…
A collection of stocks including AT & T and Tesla could see strong moves this week on the heels of quarterly results. Earnings so far in the third-quarter have surpassed Wall Street’s expectations. The more than 14% of S & P 500 companies that have reported results so far have together notched earnings growth of more than 6%, according to FactSet. Meanwhile, 75% of the companies have surpassed analysts’ estimates. Looking ahead, CNBC Pro screened for stocks that could see large moves in either direction in response to quarterly results this week, specifically by examining forecast moves based on action…
Matt Champlin | Moment | Getty ImagesWhen a real estate agent works with a prospective homebuyer, they’re required to point out physical or material defects in the property.A death on the property? It depends on the state where the house is located. In most states, death doesn’t count as a material defect requiring disclosure.Some homes are considered “stigmatized properties,” or dwellings that have been “psychologically impacted by a past or suspected event on the property, but has no physical impact of any kind,” according to the National Association of Realtors. Stigmatizing events include murder, suicide, alleged hauntings or a notorious previous…
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, or just under half of the U.S. electorate, according to CNBC’s analysis of several estimates.As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income tax breaks.So far, the Republican presidential nominee has officially proposed eliminating income tax on tips and Social Security benefits, along with overtime pay. And last week, in an interview on the sports media site OutKick, Trump said he would consider tax exemptions for firefighters, police officers, military…
GE Healthcare booth is seen ahead of the 2022 China International Fair for Trade in Services (CIFTIS) at China National Convention Center on August 28, 2022 in Beijing, China. Yi Haifei | China News Service | Getty ImagesGE HealthCare on Monday announced a new artificial intelligence application it said will save time for doctors who diagnose and treat cancer.CareIntellect for Oncology, as the tool is called, will help oncologists get up to speed on a patient’s history and disease progression by quickly showing them the data they need, the company said. GE said it wants to spare oncologists the headache of…
The Charlotte Hornets’ first home preseason game felt more like it was being played 600-plus miles northeast, between Seventh and Eighth Avenues in Manhattan.Blue and orange garb overpowered teal and white inside the Queen City’s Spectrum Center. There were more Jalen Brunson and Patrick Ewing jerseys than LaMelo Ball and Kemba Walker. The loudest cheers of the night came for the road team, and intensified when second-round Knicks rookie Tyler Kolek scored his first unofficial NBA points.New York fans love their basketball team, especially their rookies. They take pleasure in taking over another team’s domain. Since 2001, though, they’ve sat through…
The University of Chicago Booth School of Business.Courtesy: The University of Chicago Booth School of Business.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Top universities are tapping into the family office boom, with a growing number of programs and courses aimed at training the next generation of family office leaders.Last week, the University of Chicago Booth School of Business launched the Booth Family Office Initiative, a combination of research programs, courses and summits aimed at current and…
