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September 22, 2020
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Government taxation and revenue

CNBC Business

Trump could be facing criminal tax probe, Manhattan DA suggests in new court filing

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CNBC – For more and to sign up click here President Donald Trump Tom Brenner | Reuters President Donald Trump and his business could be facing a criminal tax probe by the Manhattan District Attorney’s office, prosecutors suggested Monday in a court filing. Prosecutors from Manhattan DA Cyrus Vance Jr.’s......
CNBC Business

Biden’s capital gains tax hike could spark a big sell-off in stocks. Here’s what that means for the market

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CNBC – For more and to sign up click here Biden’s capital gains tax hike may big sell-off in stocks SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Why higher unemployment taxes are ‘all but certain’ for businesses

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CNBC – For more and to sign up click here Unemployment benefits may trigger higher taxes for businesses SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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Wall Street Democrat: Biden’s capital gains tax hike wouldn’t deter long-term investors

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CNBC – For more and to sign up click here Wall Street Democrat Roger Altman said Friday that long-term investors would not be deterred by Joe Biden’s plans to raise the capital gains tax rate if he defeats President Donald Trump in the November election.  “I’ve been in finance a......
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Why third-quarter taxes are confusing for small businesses in the Paycheck Protection Program

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CNBC – For more and to sign up click here PPP: Why third-quarter taxes are confusing small businesses SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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U.S. House staff won’t participate in payroll tax deferral

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CNBC – For more and to sign up click here House Speaker Nancy Pelosi, D-Calif., holds her weekly press briefing on Capitol Hill on Aug. 13, 2020. Jim Watson | AFP | Getty Images The U.S. House of Representatives won’t be rolling out the payroll tax deferral to its employees.......
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Billionaires battle over proposed Illinois tax hike on the wealthy

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CNBC – For more and to sign up click here Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018.  David A. Grogan | CNBC Billionaire hedge funder Ken Griffin is going head-to-head with the billionaire governor of Illinois over a plan to increase......
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These 9 million Americans haven’t received a stimulus check. How they can get one

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CNBC – For more and to sign up click here Tetra Images – Daniel Grill | Brand X Pictures | Getty Images Millions of Americans who were shut out of $1,200 coronavirus stimulus payments this year are about to get one more chance at a check. Later this month, the......
CNBC Business

Senate Democrats are pushing to undo the payroll tax deferral

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CNBC – For more and to sign up click here U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters during a news conference on Democrats’ demand for an extension of eviction protections in the next coronavirus disease (Covid-19) aid bill on Capitol Hill in Washington, July 22, 2020. Jonathan......
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Here are 5 key things workers should know about the payroll tax deferral

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CNBC – For more and to sign up click here Here are 5 key things workers should know about the payroll tax deferral SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC - Real Estate

Manhattan apartment deals fall 31% while sales boom in the suburbs

CNBC Real Estate
Luxury apartments are advertised in a realtors window on the West Side of Manhattan in New York City. Spencer Platt | Getty Images Manhattan sales contracts fell 31% in August while deals in the suburbs and Florida surged, suggesting that the flight from New York City continued through the summer.......
CNBC Business

IRS guidelines on Trump’s payroll tax holiday leaves employers on the hook

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CNBC – For more and to sign up click here U.S. President Donald Trump reacts at the Republican National Convention in Charlotte, North Carolina, August 24, 2020. David T. Foster | Pool | Reuters The IRS issued long-awaited guidance on President Donald Trump’s payroll tax deferral Friday night. And it......
CNBC - Real Estate

Homeowners, in foreclosure, will also face tax implications. What you should know

CNBC Real Estate
valentinrussanov | E+ | Getty Images  If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular,......
CNBC Business

A permanent payroll tax cut could deplete Social Security trust funds by 2023

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CNBC Business

20 strategists predict the U.S. presidential election — and how stocks will react

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CNBC – For more and to sign up click here The White House in Washington, D.C. Bloomberg | Bloomberg | Getty Images A majority of stock market strategists polled by CNBC expect Democratic candidate Joe Biden to win the U.S. presidential race — but they’re significantly split on what the......
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The payroll tax holiday will kick off in two weeks. Your employer isn’t ready

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CNBC – For more and to sign up click here Payroll tax cut will kick off in two weeks. Your employer isn’t ready SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
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Judge denies Trump’s bid for a stay of subpoena in Manhattan DA’s tax records case

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CNBC – For more and to sign up click here US President Donald Trump speaks during a meeting with Iraqi Prime Minister Mustafa al-Kadhemi in the Oval Office of the White House in Washington, DC, August 20, 2020. Saul Loeb | AFP | Getty Images A federal judge on Friday......

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