IRS

With the IRS apparently still studying the details of a potential spin-off of Yahoo! Inc. (NASDAQ: YHOO)’s stake in Alibaba Group Holding Ltd (NYSE: BABA), SunTrust analyst Bob Peck released a new report explaining the four possible scenarios that Yahoo shareholders are likely to see based...

Tax season may still be months away, but the IRS is busily updating and revising tax code. While changes are a common occurrence throughout the year, the implications of the updates often go unnoticed right up until it is time to file. However, keeping an eye on the IRS during the "off...

In a report published Wednesday, Capstone analyst Max Reale commented that the U.S. Department of the Treasury and the U.S. Internal Revenue Service are unlikely to approve and could take action to block Yahoo! Inc. (NASDAQ: YHOO)'s proposed tax-free spinoff of its stake in Alibaba Group Holding...

The Internal Revenue Service recently reported that it has been victim of a cyber attack and massive amount of tax data has been stolen from its systems. Michael Brown, CEO of Symantec Corporation (NASDAQ: SYMC) was on CNBC Thursday to weigh in on the recent increase in cyber attacks and...

Shares of Yahoo! Inc. (NASDAQ: YHOO) are higher in pre-market trading following a 7.6 percent drop Tuesday. The drop and subsequent rally are wholly related to whether Yahoo can spin off its stake in Alibaba Group Holding Ltd (NYSE: BABA) without taking a large tax hit. The current plan,...

Yahoo! Inc. (NASDAQ: YHOO) shares sank more than 7 percent Tuesday on news that its pending spin-off of a stake in Alibaba Group Holdings Ltd (NYSE: BABA) might be imperiled by new rules from the Internal Revenue Service. Yahoo earlier this year said it would deposit its Alibaba stock, worth $...

It's the homestretch to Tax Day, and many have yet to finalize their tax preparations. According to the IRS, an astonishing one in five American tax payers wait until the last week to file. While the number of procrastinators is shockingly high from a purely statistical perspective –...

Synchrony Financial (NYSE: SYF), also known as GE Capital, spun off on Thursday.  Earlier in the week, Windstream (NASDAQ: WIN) received a private letter ruling from the IRS, regarding the tax implications of a spin-off consisting of its fiber and copper network.  The recent...

For the week ending June 6, news stories contained surprises like being able to pay for electricity with bitcoin, rapper 50 Cent accepting bitcoin and the IRS relaxing its FBAR requirement for bitcoin holders. Citi Says Bitcoin Is A Threat To Credit Card Margins In a 76-page report, Citi...

The Affordable Care Act, aka Obamacare, has been nothing if not controversial. If early filings by insurers hold, however, there may be some good news on the horizon to temper some of that controversy. Although complete final rates for 2015 won’t be out until later this year, insurers were...

Only one quarter into 2014, the year has already been a wild ride for bitcoin. This article outlines the top eight stories from the first quarter of 2014. Mt. Gox Collapse The collapse of Mt. Gox was stunning both in its scope and impact. While most of the community suspected Mt. Gox had...

Officially, Internal Revenue Service Commissioner John Koskinen said the organization was able and willing to enforce the insurance mandate under the Patient Protection and Affordable Care Act, but needs additional funding to better meet its obligations. The likelihood of that additional funding...