The Internal Revenue Service is gearing up to deploy a more modern taxpayer case management system in December, starting with the customer support area of its Exempt Organizations unit and eventually more widely across the IRS, in the hope of making it easier for taxpayers and IRS employees to get access to information more quickly
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Still from Dreamworks’ “The Croods.” Dreamworks Universal Studios is pushing up the date of its animated family film “The Croods: A New Age” to Thanksgiving. The studio will now debut the film on Nov. 25, the day before Thanksgiving, instead of Dec. 23. The second “Croods” film will follow the prehistoric family voiced by Nicholas
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Institutional Investor Hall of Famer Richard Bernstein predicts more momentum in stocks closely tied to the economy. He expects more enthusiasm surrounding the state of the recovery will drive more investors away from richly valued mega cap growth names, which include big tech high flyers.  “If you’re buying them today at these types of valuations,
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Getty Images Working parents are feeling the sting of the coronavirus pandemic — and it’s hitting women especially hard. School shutdowns have left many trying to juggle work, childcare and helping their kids with distant learning. Since the crisis began,  40% of working parents have had to change their employment situation, according to a new
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Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images With demand for housing surging, the nation’s homebuilders are positively ebullient. Builder confidence in the market for single-family homes in September increased 5 points to 83 on
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Sutter Hill Ventures Managing Director Mike Speiser speaks onstage at TechCrunch Disrupt at Pier 48 on September 9, 2014 in San Francisco, California. Steve Jennings | Getty Images Two months after Facebook’s massive IPO in 2012, venture capitalist Mike Speiser was a few miles away from the social networking company, incubating a software start-up from
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The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero for as long as it takes to help the economy bounce back from the coronavirus crisis. The Fed said the ongoing coronavirus pandemic will “weigh heavily” on the near-term outlook and poses “considerable risks” for the medium term. In addition to holding rates near rock bottom, the
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Homebuilding stocks jump on all-time high sentiment. Where to invest in the space Fed leaves rates unchanged in its last meeting before the 2020 presidential election There’s a growing disconnect in emerging markets, but traders see opportunity Unusual activity suggests market volatility will jump after Election Day, Wells Fargo finds Market volatility may swell after
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This week’s map shows the five states that have an Alternative Minimum Tax (AMT) in their individual income tax codes: California, Colorado, Connecticut, Iowa, and Minnesota. Under an individual AMT, many taxpayers are required to calculate their income tax liability under two different systems and pay the higher amount. The federal AMT was created in 1963, after Congress discovered
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Check out the companies making headlines premarket Wednesday: FedEx (FDX) — FedEx shares popped more than 9% in the premarket on the back of quarterly numbers that beat analysts’ expectations. The shipping giant reported earnings per share of $4.87 on revenue of $19.32 billion. Analysts expected a profit of $2.69 per share on revenue of $17.55
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