Stat scam; shopping center switcheroo; what a pain; and other highlights of recent tax cases. Houston: Jonathan Adam Van Pelt, former owner of a local staffing company, has admitted he willfully failed to account for and pay federal employment taxes. Van Pelt withheld federal income taxes and Social Security and Medicare taxes from the wages
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A lab technician uses a single channel pipette dropper to test material during Covid-19 polymerase chain reaction (PCR) test processing at a laboratory in the Dunkeld suburb of Johannesburg, South Africa, on Wednesday, Feb. 10, 2021. Waldo Swiegers | Bloomberg | Getty Images Preliminary reports from South Africa show people who have recovered from Covid-19
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the
Senator Amy Klobuchar speaks at the Democratic 2020 U.S. presidential candidates debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020. Brian Snyder | Reuters There is growing hostility to mergers and acquisitions (M&A) among an increasing number of policymakers in Washington, D.C. Last year, some in Congress called for a merger
Elon Musk says the No. 1 way to decrease carbon dioxide emissions would be to levy a tax on carbon. “My top recommendation, honestly, would be just add a carbon tax,” Musk told Joe Rogan on The Joe Rogan Experience podcast on Thursday. “The economy works great. Prices and money are just information. … If
gradyreese | E+ | Getty Images One of my favorite movie quotes comes from “Gladiator,” as Maximus calls out to the crowd, “Are you not entertained?” In this new pandemic-focused world, it appears that we should be changing that to “Are you not engaged?” The topic of engagement is everywhere. At home, parents are seeking
Stimulus checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images As a $1.9 trillion coronavirus relief package comes together on Capitol Hill, millions of additional direct payments to Americans could be in the works. Legislation under discussion includes $1,400 stimulus checks that could bring the total direct payments sent to
Katz’s Delicatessen in New York City has been around for more than a century, maturing into an iconic institution on the Lower East Side. Owner Jake Dell told CNBC on Friday he feels the weight of family history as he seeks to navigate the uncertainty and disruption wrought by the coronavirus pandemic. “This is our
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images President’s Day weekend marks the unofficial start of the spring housing market, but if you’re looking to get in this year, hold onto your
We’re about to launch a free six-week course in state taxation, and we’d like you to join us. This coming Tuesday, February 16th, the Tax Foundation will kick off its “State Tax Policy Boot Camp,” designed with lawmakers and legislative staff in mind, but ideal for anyone interested in gaining a better understanding of state
McDonald’s Chicken Sandwich Source: McDonald’s McDonald’s is looking to win the chicken sandwich wars with lower prices, while Restaurant Brands International’s Burger King is still figuring out its strategy, according to a Credit Suisse report. In August of 2019, Burger King’s sister chain Popeyes kicked off the chicken sandwich wars with the launch of its
An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty Images Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney reported quarterly profit of 32 cents per share, surprising analysts who had expected a loss of 41 cents per share. Disney saw a not-unexpected slump in theme park attendance and box office results due to Covid, but the
Dr. Anthony Fauci and billionaire philanthropist Bill Gates talk regularly these days, and as you would imagine, they mostly talk about ending the pandemic. More specifically, right now, “we’re talking a lot about these variants and what that will do,” Gates, whose Bill and Melinda Gates Foundation has committed $1.75 billion to the fight against Covid-19, told
Virgin Galactic’s spacecraft Unity prepares for flight. Virgin Galactic Virgin Galactic shares dropped after the company on Friday delayed its next spaceflight test, which was scheduled for this weekend. “We have been progressing through our pre-flight preparations and, during that process, we have decided to allow more time for technical checks. We are working to
Yuriko Nakao | Getty Images News | Getty Images Bitcoin is at it again. On Thursday, the cryptocurrency rallied to a fresh high, surpassing the $48,000 level, according to data from CoinDesk. Even though the asset has been highly volatile, those who have held it long term have reaped incredible gains. For example, if you
Charles “Chase” Merritt, who was convicted of murdering the McStay family, appears during his sentencing hearing at San Bernardino Superior Court in San Bernardino on Tuesday, Jan. 21, 2020. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images In an era of gig work and side hustles, many budding entrepreneurs may be
Key Findings In addition to its economic impact on Maryland businesses and the likelihood of serious legal challenges, Maryland’s proposed digital advertising tax is incredibly vague on vital definitions, creating uncertainty about where revenue is sourced and when it is subject to the tax. The legislation’s ambiguity could lead to double taxation, with multiple entities
President Joe Biden makes brief remarks before signing several executive orders directing immigration actions for his administration in the Oval Office at the White House on February 02, 2021 in Washington, DC. Doug Mills | Getty Images President Joe Biden is expected to announce Thursday that his administration has secured deals for another 200 million
Traders work on the floor of the New York Stock Exchange. NYSE Futures tied to major U.S. equity benchmarks were flat in overnight trading on Thursday as Wall Street looked set to wrap up the week with modest gains. Dow Jones Industrial Average futures dipped 27 points. S&P 500 futures and Nasdaq 100 futures both