Indices closed in the red zone on the last trading day of the year. Brands took a breather amid a variety of economic news. Initial jobless claims increased last week. Labor Department data showed new claims climbed by 17,000 to 298,000.
Just as you’d report life changes to the IRS, you’ll also need to report them to the government Health Insurance Marketplace.
Brands retreated and closed in the red Tuesday. Energy stocks Exxon Mobil and Southwestern Energy and tech brands Apple and Microsoft slipped amid a variety of economic news. Consumer confidence was up in December. The Conference Board’s index increased to 92.6 from 88.7 in November.
Like all things tax related, the answer is it depends. Generally, the federal statute of limitations can be used to help you determine how long to keep records.
Indices ended mixed on Monday. The Dow shed some points while the S&P 500 closed at a new all-time record high. Brands such as Gilead Sciences, Manitowoc Company and LiveDeal stepped up.
The Internal Revenue Code says that if you receive a distribution from an IRA, you can’t make a tax-free (60-day) rollover into another IRA if you’ve already completed a tax-free rollover within the previous one-year (12-month) period. The long-standing position of the IRS was that this rule applied separately to each IRA someone owns. Earlier…
The Dow and S&P 500 closed at record highs on Friday in post-holiday, feather-light volume trading. Brands such as Amazon, Qualcomm and GoPro tacked on gains.
The Dow and S&P 500 closed at new record levels on Tuesday. Stocks stepped up on a new estimate of third-quarter GDP.
Check your Social Security statement for accuracy. Your future benefits are based on earnings reported. Learn more in this Financial Tip.
Indices closed well into green territory on Monday. BlackBerry gained 6.9 percent on a TD Securities upgrade to “buy.” Boeing tacked on 1.6 percent on news that Air China will purchase 60 737s, valued at more than $6 billion.