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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

Burnout, stress lead more companies to try a four-day work week

Mon, Dec 17, 2018

Work four days a week, but get paid for five? ...

Investors sell record $39 billion of stocks in past week: BAML

Fri, Dec 14, 2018

Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday. ...

Record $46 billion pulled from U.S.-based stock funds in latest week: Lipper

Thu, Dec 13, 2018

Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday. ...

Standard Chartered axes over 200 jobs in India: source

Thu, Dec 13, 2018

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday. ...

A higher Social Security retirement age comes with risks for many workers

Thu, Dec 13, 2018

Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program. ...

U.S. fund investors compound pain for bond markets

Wed, Dec 12, 2018

U.S. fund investors sold more bonds in December's opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments... ...

DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows

Tue, Dec 11, 2018

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows. ...

Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever

Tue, Dec 11, 2018

Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger... ...

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Mon, Dec 10, 2018

Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal... ...

In a tight labor market, companies bet big on five-year rewards

Mon, Dec 10, 2018

In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. ...

The Tax Adviser

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Taxpayer Advocate Service

Help us spread the news about our new Tax Reform Changes website

Thu, Dec 13, 2018

NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. Promote Our SiteIs your business or association involved in helping others understand federal income taxes and the ramifications of changes to those laws each y...

Nuevo Sitio Web Sobre Cambios en la Reforma de Impuestos que Explica qué está Cambiando y qué no

Thu, Dec 13, 2018

English NUEVO (12/13/2018):El formulario 1040 de 2018, los anexos y las instrucciones ya están disponibles. Nuestro sitio web de Cambios en la Reforma de Impuestos muestra dónde se pueden encontrar los nuevos elementos de la reforma de impuestos legislación fiscal en el formulario de 2018, además del formulario de 2017. 0 de 2018, los an...

New Tax Reform Changes Website Explains What Is Changing and What Is Not

Thu, Dec 13, 2018

En Español NEW (12/13/2018): The 2018 Form 1040, schedules and instructions are now available. Our Tax Reform Changes website shows where the new tax law items can be found on the 2018 form, in addition to the 2017 form. You may know that Congress approved major tax reform in the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017. The IRS is currently working on...

NTA Blog: IRS Fraud Detection: A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 2

Wed, Dec 12, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. In last week’s blog, I discussed issues that arose during the 2018 filing season that contributed to the delay of taxpayers’ refunds when those taxpayers...

TAS Tax Tip: Families - Gear-up now for changes that will affect your 2018 return

Tue, Dec 11, 2018

It’s the holidays and is anyone really thinking about taxes? We hope you are, because there are certain things you will need to know now, and some you may need to act upon before the end of the calendar year. For individuals, The Taxpayer Advocate Service’s Tax Reform Changes website, in both English and Spanish, has information for you about what is changing and what is not for the...

NTA Blog: IRS Fraud Detection - A Process That is Challenging for Taxpayers to Navigate with an Outdated Case Management System Resulting in Significant Delays of Legitimate Refunds Part 1

Thu, Dec 06, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. As we approach the filing season, I thought it would be a good idea to discuss an issue that affects many taxpayer returns, namely the IRS processes for identifying ...

Know how getting married changes your tax situation

Tue, Dec 04, 2018

When you get married, your tax situation changes. Your marital status as of Dec. 31 determines your tax filing options for the entire year. If you’re married at year-end, you have two filing status choices: filing jointly with your new spouse, Married Filing Jointly, or filing separate from your spouse, Married Filing Separately Most married couples file jointly because it is simpler an...

NTA Blog: As the IRS Redesigns Form W-4, Employee’s Withholding Allowance Certificate, Stakeholders Raise Important Questions

Thu, Nov 29, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. The IRS is redesigning Form W-4, Employee’s Withholding Allowance Certificate. The changes to this form will affect nearly every employee and employer, potenti...

NTA Blog: Thanksgiving

Wed, Nov 21, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. So that our staff can enjoy the Thanksgiving holiday with family and friends, we are taking a break this week from posting our blog. We want to wish each and every o...

NTA Blog: Veterans Face Challenges in Claiming Refunds for Taxes Improperly Withheld from Disability Severance Pay

Fri, Nov 16, 2018

Subscribe to the NTA’s Blog and receive updates on the latest blog posts from National Taxpayer Advocate Nina E. Olson. Additional blogs from the National Taxpayer Advocate can be found at www.taxpayeradvocate.irs.gov/blog. With having celebrated Veteran’s Day this week, it is worth reflecting on the continuing challenges military taxpayers face. Background In December 2016, lawma...

Fox Business

Asian shares edge higher with Fed meeting in focus

Mon, Dec 17, 2018

Asian markets were mostly higher Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth....

Cambodia's biggest hydropower dam now producing electricity

Mon, Dec 17, 2018

Cambodia's largest hydropower project has begun producing electricity as the country tries to increase its energy capacity to support a jump-start to industrial expansion....

Oil prices pressured by oversupply, global economic concerns

Mon, Dec 17, 2018

OPEC and its Russia-led allies have agreed to curb output from January,...

Nissan to replace rock-star chairman amid arrest scandal

Mon, Dec 17, 2018

Nissan's board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations....

Nissan to replace chairman arrested on financial charges

Mon, Dec 17, 2018

Nissan's board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations....

Bomb explodes outside private Greek TV station, no one hurt

Mon, Dec 17, 2018

A powerful bomb exploded outside private Greek television station Skai, causing extensive damage but no injuries....

Asian shares edge higher with Fed meeting in focus

Mon, Dec 17, 2018

Asian markets rose Monday on hopes that the Federal Reserve would re-evaluate its hawkish stance at a meeting later this week, following signs of slower global growth....

Should You Buy Philip Morris International for Its 5% Dividend Yield?

Mon, Dec 17, 2018

Has the tobacco giant become an undervalued income investment?...

Here Are Our 2019 Work Resolutions

Sun, Dec 16, 2018

Personal improvement isn't just about going to the gym more or eating better....

Apple Masses the Biggest Heart Study Ever

Sun, Dec 16, 2018

The number of enrollees is staggering and led to much more than bragging rights....