Passport revocation due to unpaid tax debts has become an increasingly common enforcement mechanism utilized by the federal government in recent years. The IRS and Treasury Department are required by federal law to inform the State Department if a taxpayer has a “seriously delinquent tax debt,” defined as owing more than $62,000 in federal taxes
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Amid an overbought market, Wall Street saw back-to-back weekly gains last week. This positive momentum was largely driven by the Federal Reserve’s signals of impending interest rate cuts. Fed Chairman Jerome Powell’s speech from Jackson Hole reassured investors by indicating that it was time for policy adjustments, hinting at possible rate cuts in the near
Investors seem to be shifting their focus to dividend stocks as the Federal Reserve prepares to make its interest rate decision in September. According to Paul Baiocchi from SS&C ALPS Advisors, this move is a wise one due to the anticipated rate cuts by the Fed. Baiocchi believes that investors are making this shift not
In the realm of fast-casual dining, Portillo’s has long been a beloved institution, known for its iconic Chicago-style hot dogs, Italian beef sandwiches, and chocolate cake shakes. However, despite its strong brand recognition and loyal customer base, the company has faced challenges in recent years that have hindered its growth potential. With a stock chart
Boeing’s Starliner capsule will be returning from the International Space Station without the NASA astronauts it delivered to orbit in early June. This decision was announced by NASA on Saturday, marking a significant change in plans for the organization. The astronauts, Butch Wilmore and Suni Williams, will now return via SpaceX’s Dragon spacecraft, which is
Federal Reserve chair Jerome Powell recently hinted at the possibility of cutting interest rates, which are currently at their highest level in two decades. This potential rate cut, expected to occur in September, would be the first in over four years and comes as the U.S. economy grapples with the aftermath of the Covid-19 pandemic.
When it comes to maximizing your 401(k) contributions for the year, financial advisors are not always quick to recommend it to everyone. While the option to defer up to $23,000 into your 401(k) plan is enticing, it may not be the best move for everyone. Certified financial planner Donald LaGrange suggests that getting your employer’s
Federal Reserve Chair Jerome Powell recently delivered a keynote address at the Fed’s annual retreat, hinting at potential interest rate cuts in the future. While he emphasized the need for policy adjustment, he refrained from providing specific details on the timing or extent of these cuts. Powell emphasized that the decision to reduce rates would
Recently, National Public Data, a background check company owned by Jerico Pictures Inc., revealed a massive data breach that may have affected billions of personal records. The breach, which was brought to light after a proposed class action lawsuit, has raised concerns about the security of personal information. Reports suggest that over 2.7 billion records
The Biden administration recently announced that it will be providing free at-home Covid-19 tests to American households starting in late September. This initiative comes at a crucial time as the virus continues to spread rapidly across the country, especially during the summer months. Through the COVIDtests.gov platform, Americans will have the opportunity to request up