Alimony: deductible for those who pay; taxable for those who receive. But the IRS sees discrepancies in what’s reported. Learn what we mean in this week’s Tax Tip.
Indices closed mixed on Monday. The Dow and S&P 500 retreated. Energy brands such as Exxon Mobil and Chevron led Dow decliners. The Nasdaq added gains, led up by the likes of Yahoo!, Microsoft, and Google. Meanwhile, Apple shed some points today on the eve of its iWatch release.
Indices closed out mixed in Wednesday’s session. The Dow tacked on marginal gains while the S&P 500 landed just below the flat line and the Nasdaq shed some points. Stocks moved amid favorable factory orders data and respectable monthly auto sales figures. Orders for manufactured goods jumped 10.5 percent in July, which was well beyond a 1.5 percent uptick in June. Meanwhile, sales of Ford and Chrysler vehicles ramped up in August.