Wealth

IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. Chip Somodevilla | Getty Images Roughly one year after Congress approved tens of billions in IRS funding, the agency has unveiled plans to crack down on tax preparers with “questionable practices.” The news comes amid heightened scrutiny of a popular small

The best hotel in the world is Passalacqua, an 18th century villa on the edge of Italy’s Lake Como.     That’s according to the 50 Best organization, which announced the results of “The World’s 50 Best Hotels” in London on Tuesday. The villa hotel is the former home of composer Vincenzo Bellini and sits among

The World Heritage Committee has named 37 new sites to UNESCO’s World Heritage List — including one in Israeli-occupied West Bank. The newly inscribed properties were announced during the 45th session of the World Heritage Committee being held from Sept. 10 to 25 in Riyadh, Saudi Arabia. Of the 50 “candidate sites” being considered, these

Svyatoslav Balan | Getty Almost regardless of how much you have in the bank, it’s hard to feel financially secure. Across the board, households are facing surging child-care costs, ballooning auto loans, high mortgage rates and record rents amid economic uncertainty and recessionary fears. Of those with more than $1 million in investable assets, as many

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters As the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance. The IRS on Thursday temporarily halted processing for amended payroll

In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations. The company announced plans to cancel and refund bookings for stays after Dec. 1, according to the Associated Press, after long-planned regulations aimed at curbing illegal short-term rentals

Planning a holiday can be stressful — that’s where travel agents come in. But now, travelers have another option: chatbots like ChatGPT, Bard AI and Microsoft Bing. Simply input a prompt and watch the travel recommendations pour in. The best parts? It’s instantaneous and, for the most part, free. But which is better when it

A “For Rent” sign outside an apartment building in the East Village neighborhood of New York, US, on Tuesday, July 12, 2022. Gabby Jones | Bloomberg | Getty Images Manhattan renters may have reached their “affordability threshold” in August, as median rents remained at record high, according to a new report. The median rent in

Mark Cuban has “a secret that all successful people know,” he says: Beware of anyone who claims they can sell you a foolproof strategy for making easy money. “When you see somebody on social media telling you how they’re going to make you money, they’re lying,” the billionaire entrepreneur and investor told his 940,000-plus TikTok

US President Donald Trump (R) gestures as he talks with US Ambassador to the United Kingdom Woody Johnson (L) preparing to board Marine One to depart the US ambassador’s residence Winfield House in London on July 13, 2018. Brendan Smialowski | AFP | Getty Images Billionaire and New York Jets owner Woody Johnson is part

Blackcat | E+ | Getty Images “I’m not a math person.” “I’m not a numbers person.” “I’m bad with money.” Sound familiar? No, we’re not recording you at home. As a wealth advisor, I hear statements like this all the time from women, regardless of their age. In fact, one of the most common —

Clarese Partis, a 39-year-old software designer from Los Angeles, has always wanted to work from an offbeat spot far from the crowds.   So when she was offered such an opportunity, she instantly grabbed it.  Last week, Partis landed in the Sardinian village of Ollolai in Italy for a free stay paid by the local

mapodile / Getty 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 Income Security

Some of CEO and entrepreneur Elon Musk‘s most polarizing attributes may have also enabled his success so far, says biographer Walter Isaacson. Musk has become well-known for seemingly impulsive decisions and controversial statements on his social media platform X, formerly known as Twitter. That reckless streak can’t be separated out from Musk’s track record of

Many travelers are accustomed to nightly tourism taxes tacked on to their hotel bills. But daytime taxes are a new ask. Venice’s city council on Tuesday approved a long-awaited regulation to tax day visitors 5 euros ($5.38) to visit the city. The new tax will be implemented over 30 non-consecutive days in 2024, falling on

Jeffrey Coolidge | Photodisc | Getty Images The 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 the wealthy, the IRS on