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Here's how trading hours and other services will be affected on the federal holiday, which falls on Monday, Feb. 16, this year.
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One of this century's most important Republicans takes a beating in home state The Washington PostMitch McConnell's staff abandons him to support Trump AlternetKY Republicans go for Mitch McConnell's 'jugular' in final days: 'I want him out of there' rawstory.com
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An innovative use of tax data shows just how tough it is for New Yorkers to grow a family.
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Tech workers in a fierce competition to write the best resignation letters Business InsiderAI researchers are sounding the alarm on their way out the door CNNThe Guardian view on AI: safety staff departures raise worries about industry pursuing profit at all costs | Editorial The GuardianThe existential AI threat is here — and some AI leaders are fleeing Axios
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US carmakers spooked by Chinese rivals gaining foothold in America Financial TimesChinese automakers want to come to US. They could be here fairly soon CNNFord is asking the Trump Administration to allow Chinese EV tech in the US ElectrekLetting BYD Into the US Would Upend American Auto Competition Bloomberg.comWhy the largest U.S. auto dealer isn't interested in Chinese cars — for now
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The Guardian view on AI: safety staff departures raise worries about industry pursuing profit at all costs | Editorial The GuardianAI researchers are sounding the alarm on their way out the door CNNThe existential AI threat is here — and some AI leaders are fleeing AxiosAnthropic AI Safety Researcher Warns Of World ‘In Peril' In Resignation ForbesTech w
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Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible.
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The Moneyist: "I have a Valentine's message for you, but you won't read it in a Hallmark card."
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IRS staff shortages and new tax laws mean you should file your taxes early and triple-check everything.
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CEOs are confronting a make-or-break test of their leadership. Here's what successful leaders are doing to get AI right.
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The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven't run for the hills, it's worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but the IRS as well. In terms of crypto news and taxes, the IRS recently proposed changes to cryptocurrency tax reporting question on the Form 1040. The agency will also receive $80 billion from the Inflation Reduction Act, some of which will be directed to digital asset enforcement—including cryptocurrency tax compliance.
Additionally, you may have heard that the IRS continues to successfully obtain court orders to require cryptocurrency brokers and exchanges to provide information to the IRS. That information concerns investors who failed to report and pay taxes on cryptocurrency transactions.
And while this IRS enforcement focus isn't new, recent crypto announcements and developments from Congress, the Biden administration, and the IRS, mean that it's important to stay up-to-date on crypto tax reporting and compliance. So, here's some information to get you started.
How Crypto is Taxed
A common question about cryptocurrency concerns how crypto is taxed. The answer is that cryptocurrency is considered property, so it's taxed by the IRS in the same way that other capital assets are taxed. As a result, when you sell or trade crypto, you can have asset losses and potential taxable gains depending on the fair market value of the virtual currency, and your basis in the crypto.
SEE MORE 9 Ways to Cut Crypto Taxes Down to the Bone
Given that, it
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Many farmers are facing a critical retirement decision. The traditions of yesterday are often changing, and their children may no longer want to follow in their parents' footsteps. The challenges are many. However, there are options available.
In 1971, I began my farming career at the tender age of 9 in the Skagit Valley, 60 miles north of Seattle. Crop farming was my gig; rouging spinach, sorting tulips, picking strawberries, raspberries and cucumbers alongside the migrant workers from Mexico. When I was old enough, I was driving picking machines with a dozen kids lying on boards over a conveyor belt, or driving an open tractor pulling a green pea combine while traveling about 1 mile in four hours.
SEE MORE Keeping Property in the Family with LLCs and Partnerships
Today, at the age of 59, I realize that I've been preparing this article for 50 years. During 12-hour shifts on the open tractor, it rained, often. My family could not afford proper rain gear, so a plastic lawn bag with holes punched out for my head and arms provided quite well. Working six of these shifts every seven days gives a teenager time to reflect. That's when I decided farming was very hard and I wanted an easy office job someday!
Challenges for Farmers Today
A huge debt of gratitude is owed to the men and women who feed the world. You face unprecedented challenges:
Mother NatureInconsistent commodity prices
Lack of access to labor
Global competition with lower costs of operations
Lack of resources to compete with larger corporate farming technology
Next-generation (family) choosing a different career path
You are at an age where you need to slow down or retire completely
Potential income tax law changes
Inheritance and estat
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One of the most unique things about my job is seeing people at all different stages of life. I've seen more people change jobs, retire, get married, get divorced, have kids, have grandkids, etc. than most people you know. After more than two decades in the business of helping people navigate their finances and lives, I've pretty much seen it all.
SEE MORE COVID's Financial Toll Isn't What You Think
I tell you this simply to point out that my job comes with a perspective that most people don't get to see. I simply see people go through every stage of life thousands of times, making important decisions and big moves along the way.
The past several months I have seen more people shake up their lives with major changes than in any other period I have ever witnessed. I'm calling it "The Great Change."
The Great Change
Here is what I have observed: I have run more financial plans for what it looks like if people quit their jobs, take new jobs, get divorced, or move somewhere random than any other period in my 20-plus year career. Last week alone I ran three updates of plans — two people wanting to switch jobs and one wanting to separate.
The interesting thing about them all is when asked why, their answers were all eerily similar. They all said something like, "I can stay in my current situation, but you know what? That won't make me happy." One of my best friends, a successful entrepreneur, told me he is worn out and wants to get out of the rat race to follow his passion for cars. To many, these thoughts and changes were foreign two years ago — not today though, not with the "Great Change" among us.
The two things that virtually every one of the people I've come across this year says are:
They could stay in their current situation if they must.They really just want to be happy.
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 Three new startups are pushing back against the rise of "news deserts" and the pitfalls facing local journalism.
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