TikTok logo displayed on a cellphone.Hyoung Chang | Denver Post | Getty ImagesTikTok videos often have a 'kernel of truth'One big issue has been the flood of influencers pushing small businesses to amend payroll tax returns to claim the employee retention credit, or ERC, a pandemic-era tax break, according...
Prapass Pulsub | Moment | Getty ImagesAs year-end approaches, some investors may be weighing a Roth individual retirement account conversion to save on future taxes. But there are several things to consider first, experts say.The strategy transfers your pretax or non-deductible IRA funds to a Roth IRA, which kick-starts...
After several interest rate hikes from the Federal Reserve, many have braced for stock market volatility in their 401(k) plans. But experts say some plans could face another risk: employer bankruptcy.Generally, your 401(k) is safe from creditors in the case of bankruptcy, based on protection from the Employee Retirement...
Jeffrey Coolidge | Photodisc | Getty ImagesThe IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations — which could transform tax compliance or spark challenges for the agency, experts say. After past criticisms of low audit rates among...
Kate_sept2004 | E+ | Getty ImagesWhether it's navigating a stock market downturn, hawkish Federal Reserve policy or banking instability, we're dedicated to helping consumers make smart money decisions.But CNBC's personal finance team also recognizes the value of professional advice and a comprehensive financial plan, regardless of life stage or level of wealth.Our mission...
As the U.S. Department of the Treasury and IRS roll out proposed regulations for crypto tax reporting, experts say it's critical for investors to accurately report and track activity.Stemming from the 2021 federal infrastructure bill, the agencies on Friday unveiled the long-awaited tax reporting proposal for cryptocurrency, non-fungible tokens...
Scott Olson | Getty ImagesEight candidates will take the stage for the first Republican presidential debate Wednesday night — and experts are watching closely for comments on key tax policy issues."The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the...
Andreypopov | Istock | Getty ImagesProperty taxes can be a major expense for households, and several factors may affect the size of the bill, research shows.These levies, which typically fund public services, such as K-12 education, police and firefighters, can be tough to compare across jurisdictions.But there are four...
dowell | Moment | Getty ImagesIf you're sitting on profitable assets, there's a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes.While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can...
After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what's known as a "soft landing" for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility.A soft landing could include an economic...