Nearly 24 million taxpayers are still waiting for the Internal Revenue Service to process their tax returns from last year — a number far larger than previously reported by the agency — with many refunds being held up for 10… Read More »IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season
The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns. In a Jan. 27 announcement, the Service said it was suspending certain automated letters and notices… Read More »IRS identifies paused taxpayer notices
Last year saw some fundamental shifts in the startup funding landscape that will have a profound impact by this time next year. Interest rates were at an all-time low, which meant that there were few asset classes providing high returns… Read More »4 Reasons 2022 Will Be A Turning Point For Startup Funding
Billions of dollars earmarked for takeovers by blank-check companies have piled up unused as the hot-then-not mania fades for speculative stocks. Almost 600 special-purpose acquisition companies holding nearly $160 billion in trust are searching for something to buy, data compiled… Read More »SPACs With $160 Billion Scrounge for Targets as Clock Ticks Down
A big year for car and home shopping helped push Americans to take on a lot more debt last year. Household debt increased by $1 trillion in 2021, the biggest annual increase since 2007, according to data from the Federal… Read More »Household debt jumped by $1 trillion in 2021, the most since 2007