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IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. The tax gap, or the difference between taxes owed and paid, was an estimated $688 billion for tax year 2021, the IRS reported in October. Instead, profits flow through to the business owners' tax returns. Other 'red flags' for higher earnersIn addition to complex partnerships, the IRS is watching for other "red flags" from higher earners, according to Hylton. Another area of for increased audits could be estate and gift tax returns, particularly those using "aggressive valuation discounts" for assets, Hylton said.
Persons: Daniel Werfel, Chip Somodevilla, Danny Werfel, Werfel, Eric Hylton, Hylton, Colin Walsh, Baker Tilly, Baker Organizations: Senate, IRS, Alliantgroup Locations: U.S, Hylton, Puerto Rico
A woman living in an Airbnb rent-free for 542 days has been in a similar legal battle before. Elizabeth Hirschhorn was kicked out of a rental two months before moving into the latest property. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementElizabeth Hirschhorn was kicked out of a $2.6 million rental in Oakland, California, in July 2021, DailyMail.com reported. The case was eventually settled on July 20, 2021, just over a month before she moved into Sascha Jovanovic's Airbnb, according to DailyMail.com.
Persons: Elizabeth Hirschhorn, , DailyMail.com, Hirschhorn, Brian, Gordon Bishop, Alex Lewin, Lewin, Brian Bishop, Sascha Jovanovic's Airbnb, Jovanovic, hasn't, Sebastian Rucci, Colin Walshok Organizations: Service, Los Angeles Times, Daily Mail, Times Locations: Los Angeles, Oakland , California, California, Oakland
An Airbnb host failed to register his guesthouse properly, leading to a protracted legal dispute. A judge ruled the host has no legal right to remove her because the home is noncompliant. A judge has ruled that he has no legal right to evict the woman, per the Los Angeles Times. A tense exchange ensued until Hirschhorn's originally scheduled Airbnb stay ended on March 19, 2022. Walshok and Rucci, the legal representatives for both parties, did not immediately respond to Insider's requests for comment.
Persons: , Sascha Jovanovic, Jovanovic, Elizabeth Hirschhorn, Jovanic, Hirschhorn, Hirschhorn's, Airbnb, Sebastian Rucci, Rucci, Colin Walshok, Walshok Organizations: Service, Los Angeles Times, Daily Mail, Times, Department of Building Locations: California, LA
The result was Joy, which uses artificial intelligence to suggest bite-sized mindfulness activities for people based on how they are feeling. It really helps me quickly de-stress before I have to do things like job interviews,” he said. The AI is supposed to recognize how you are feeling from your voice, then suggest short activities. The app is available for a $8 monthly subscription, with a discount if you subscribe for a whole year. It’s a work in progress, and as it goes with AI, the more people use it, the more accurate it becomes.
Persons: Kai Koerber, Marjory Stoneman, , — he’d, , , Koerber, ” Koerber, Mohammed Zareef, Mustafa, Koerber's who's, you've, It’s, “ Kai, Dacher Keltner, it’s, Colin Walsh, Walsh, ” Walsh, don’t, Mark Zuckerberg, ’ ” Organizations: Marjory Stoneman Douglas High School, Cal, University of California, UC Berkeley, Vanderbilt University, Facebook Locations: Parkland , Florida, Berkeley
How to Choose the Best High-Yield Savings Account for You
  + stars: | 2022-06-09 | by ( ) www.wsj.com   time to read: +9 min
By Beth PinskerIf you search for the best available high-yield savings offers, it can be hard to tell whether what you see advertised is being offered by an actual bank. High-yield savings accounts offer a much higher return for customers on savings than the national average, although there’s no fixed scale. What should you look for in a high-yield savings offer? What is FDIC insurance and why is it important for high-yield savings accounts? Which banks can I trust for a high-yield savings account?
How to Choose the Best High-Yield Savings Account
  + stars: | 2022-06-09 | by ( ) www.wsj.com   time to read: +9 min
By Beth PinskerIf you search for the best available high-yield savings offers, it can be hard to tell whether what you see advertised is being offered by an actual bank. High-yield savings accounts offer a much higher return for customers on savings than the national average, although there’s no fixed scale. What should you look for in a high-yield savings offer? What is FDIC insurance and why is it important for high-yield savings accounts? Which banks can I trust for a high-yield savings account?
Total: 6