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CNN —Justice Clarence Thomas disclosed Thursday that Republican megadonor Harlan Crow paid for private jet trips for Thomas in 2022 to attend a speech in Texas and a vacation at Crow’s luxurious New York estate, as ethics questions continue to rock the Supreme Court. Thomas made the disclosures after receiving an extension to file the yearly reports that were originally due in May 2023. In a statement after the ProPublica report, Thomas acknowledged the friendship but stressed that Crow did not have business before the court. In addition, he said that he should have disclosed a 2014 private real estate deal between Crow, Thomas and members of Thomas’ family. According to the disclosure, Thomas flew down to be the keynote speaker of the event in February, but returned via private jet “due to an unexpected ice storm.”The talk was rescheduled in May and Thomas rode round trip on Crow’s plane.

Persons: Clarence Thomas, Harlan Crow, Thomas, Dobbs, Roe, Wade, “, Crow, Samuel Alito, ProPublica, Thomas ’, ” Thomas, Virginia Thomas, Leola Williams, Williams, VII, –, Elliot S, Berke, Thomas “, ”, Sen, Sheldon Whitehouse, Chip Somodevilla, Elena Kagan, Alito, ” Alito, Gabe Roth, he’s, ” Roth, Rome Alito, Duke Organizations: CNN, Republican, Judicial Conference, Old Parkland Conference, Hoover Institution, Manhattan Institute, American Enterprise Institute, Black Americans, Crow Holdings, Democrats, Supreme, Capitol, Rhode Island, Wall Street, Notre Dame, School’s, Liberty Initiative, Religious Liberty Summit, Regent University School of Law, Duke Law School Locations: Texas, New York, Georgia, Savannah , Georgia, Washington ,, Rome

☆ Clarence Thomas says he flew on private jets because of safety concerns after the decision to overturn Roe v. Wade leaked
▼ + stars: | 2023-08-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Clarence Thomas claims that he needed to use private jets in the wake of the Dobbs decision leak. Thomas' use of private jets and acceptance of lavish trips has received significant scrutiny. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Protestors later marched by the conservative justices' homes in the DC area following the leak and later the Supreme Court's final opinion that reversed Roe v. Wade. In the face of criticism, Thomas has argued that he did nothing wrong by failing to previously report his trips with Crow and others.

Persons: Clarence Thomas, Dobbs, Thomas, Harlan Crow, Samuel Alito's, John Roberts, Roe, Brett Kavanaugh, Crow, filer Organizations: Service, Administrative, Congressional, Wade, Supreme, Judicial Locations: Wall, Silicon

☆ Harlan Crow appears throughout Clarence Thomas' 2022 financial disclosure after the Supreme Court justice never mentions gifts and vacations for years
▼ + stars: | 2023-08-31 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Justice Clarence Thomas disclosed multiple times Harlan Crow paid for his flights in 2022. Thomas' disclosure comes after reports raised questions about Thomas' relationship with Crow. It's partially notable that Thomas' 2022 form discloses how GOP megadonor Harlan Crow gave the justice flights, meals, and lodging as the justice appeared at events around the country. In the 2022 disclosure, Thomas noted that Crow reimbursed him on three occasions in 2022 for speaking at the American Enterprise Institute, or as a "guest of source." "It blows my mind that people assume that because Clarence Thomas has friends, that those friends have an angle."

Persons: Clarence Thomas, Harlan Crow, Thomas, Crow, ProPublica, Roe, Wade, Samuel Alito, —, filer Organizations: Service, American Enterprise Institute, Dallas Morning News Locations: Wall, Silicon

To retire at 35 and live on investment income of $100,000 a year, you need at least $5.22 million invested. With an annual spending target of $65,000, you'll need about $3.25 million invested. How much you need invested to retire at 35According to Fry's calculations, an investor who leaves work at age 35 would need at least $5,225,000 in a taxable investment account on the day they retire in order to have an annual post-tax income of $100,000. If the investor reduces their target annual income to $65,000, they would need about $2 million less — or $3,250,000 — invested on the day they retire. Fry's simulation also did not factor in potential Social Security income.

Persons: Brian Fry, Fry, Read, Alyssa Powell, — Organizations: Service, Safe, JPMorgan, Social Security, Security, Social, Monte, Capital Locations: Wall, Silicon

The length of the waiting period between bankruptcy filings depends on what type of bankruptcy you previously filed and what type you intend to file now. A Chapter 7 bankruptcy will stay on your credit report for 10 years, while a Chapter 13 bankruptcy will fall off after seven years. Frequently asked questions — How often can you file for bankruptcyIs it bad to file for bankruptcy twice? What happens if you file for bankruptcy multiple times? If you file for bankruptcy multiple times successfully, you may have trouble getting a loan or credit card in the future.

Persons: Filers, you've, Adrienne Hines, Hines, Scott Glatstian, Rosenblum, it's, Lamine Zarrad, — Organizations: refiling, Wright Co, Rosenblum Law, United, Federal Trade Commission Locations: Kademenos, Chevron

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

☆ High-earners could save 40% of their salary by moving from New York to Texas because of cheaper living costs and lower tax rates, report says
▼ + stars: | 2023-07-21 | by ( Sawdah Bhaimiya | Junior Reporter | Business News | ) www.businessinsider.com time to read: +2 min

High-earners in New York could save 40% of their salary by moving to Texas, a new study shows. This is because New York City has higher tax rates and living costs. High-earners in New York City could save 40% of their salary by relocating to Texas, a new study found. This is because after accounting for tax and the cost of living, you'd have only $160,717 left in New York but in Austin, you'd have $418,929 left. Some young professionals are being pushed out of New York City because wages are not keeping up with increasing costs.

Persons: SmartAsset, San Francisco Organizations: New, New York City, Council for Community, Economic Research, Smart Asset, New York, San Locations: New York, Texas, San Francisco, Austin , Texas, Austin, Austin it's, New York City

☆ Ramaswamy Investments Seem at Odds With His Position on ‘Woke’ Culture
▼ + stars: | 2023-07-07 | by ( Trip Gabriel | More About Trip Gabriel | ) www.nytimes.com time to read: +1 min

Mr. Ramaswamy has argued that such goals are a distraction from earning a profit, and that social objectives should be left to elected officials. Tricia McLaughlin, a senior adviser to Mr. Ramaswamy, said that he did not manage his own stock portfolio. “Vivek’s stock portfolio is independently managed by a third party. The filing reported that Mr. Ramaswamy owned up to a $25 million investment in Rumble, the video platform that styles itself a refuge for right-wing commentators shunned elsewhere. Mr. Ramaswamy, 37, is a Cincinnati native who holds degrees from Harvard and Yale.

Persons: Ramaswamy, Tricia McLaughlin, Vivek, ” Ms, McLaughlin, “, Mr, Donald J, Trump Organizations: Republican, Harvard, Yale, Roivant Sciences Locations: cryptocurrency, Cincinnati

☆ Perry falls for 99 but Australia in command in women's Ashes test
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

June 22 (Reuters) - Australia all-rounder Ellyse Perry missed out on an Ashes test century by one run on a rain-hit first day of the one-off match against England as the visitors reached 328-7 at stumps at Trent Bridge, Nottingham on Thursday. Australia opted to bat after winning the toss but their openers Beth Moooney and Phoebe Litchfield could not convert their starts before Perry came to the crease. She built a valuable 119-run stand with Tahlia McGrath before spinner Sophie Ecclestone beat McGrath's defence to bowl her for 61. The test is the curtain-raiser of the multi-format series, with three Twenty20s and three one-day internationals to follow, as England bid to regain the Ashes from Australia after going winless in the 2021-22 campaign. Reporting by Rohith Nair in Bengaluru, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Ellyse Perry, Beth Moooney, Phoebe Litchfield, Perry, Tahlia McGrath, Sophie Ecclestone, Tea, Ecclestone, Jess Jonassen, Alyssa Healy, Lauren Filer, Mooney, Nat Sciver, Ashleigh Gardner, Annabel Sutherland, Gardner, Lauren Bell, Sutherland, Alana King, Rohith Nair, Ed Osmond Organizations: England, Thomson Locations: Australia, Nottingham, England, Perry, Brunt, Bengaluru

☆ 6 in 10 Americans aren't saving for retirement—here's where to get started
▼ + stars: | 2023-06-06 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

If you're among the cohort lacking a retirement account, just about every financial planner would tell you to get started as soon as possible. There are plenty of different ways to invest out there, including workplace retirement accounts, individual retirement accounts, accounts designed for medical expenses and regular old brokerage accounts. Still, there are some general guidelines that financial pros typically prescribe when it comes to where you park your retirement savings. Priority 3: Get triple tax savings with an HSANot every retirement saver can invest using a health savings account. Like a traditional 401(k), money you contribute to an HSA counts against your taxable income.

Persons: Christopher Lyman, Kevin Brady, Roth, you've, Amy Miller Organizations: Financial Advisors, Wealthspire Advisors Locations: Newtown , Pennsylvania, New York City, West Hartford , Connecticut

☆ There's still time to collect a refund on your 2019 tax return: 'It doesn't make sense to leave money on the table'
▼ + stars: | 2023-05-19 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Here's what you need to know about the ETIC and other notable tax credits, and which forms you'll need to file a 2019 tax return. Some people are eligible for an even larger payout: up to $6,557, if you qualified for the Earned Income Tax Credit (EITC) . A whopping $1.5 billion in tax refunds remain unclaimed from the 2019 tax season, with the average refund totaling $893, the IRS says. Hundreds of dollars from the Internal Revenue Service could be up for grabs if you haven't submitted your 2019 tax return yet. The IRS is only accepting mailed 2019 tax returns, so you'll need to send your tax return to the addresses listed on this IRS webpage.

☆ US IRS to launch free tax e-file pilot program in 2024
▼ + stars: | 2023-05-16 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, May 16 (Reuters) - The Internal Revenue Service on Tuesday said it would launch a free, government-provided direct tax filing option next year, which could lead to the full-scale launch of an IRS filing system that would compete with private tax preparers. The IRS said in an exploratory report to Congress that 72% of American taxpayers surveyed said they were "very interested in" or "somewhat interested in" using a government tool to electronically file their tax returns. The size, scope and complexity of the pilot program, to be available in the 2024 tax filing season, has yet to be determined, IRS Commissioner Danny Werfel told reporters, adding that Treasury Secretary Janet Yellen directed the IRS to launch the pilot after reviewing the report. "Americans will be powerless when the IRS completely controls the tax filing process from start to finish," Smith said in a statement. Werfel noted that all filing options would continue, including free e-file options from private firms and non-profit tax advocacy services, paid filing by tax preparers, and free paper filing to the IRS.

☆ What Is a W-4 and How Do I Fill Mine Out?
▼ + stars: | 2023-05-09 | by ( ) www.wsj.com time to read: +14 min

How Form W-4 has changedIf you haven’t checked in on your W-4 lately, you’ll want to take a gander, says Pete Isberg, an executive with payroll provider ADP. That’s because Form W-4 was overhauled in 2020 based on changes passed in the Tax Cuts and Jobs Act a few years earlier. At the top of the W-4 form, you enter your personal information and filing status. If you have multiple jobs, you’ll use Step 2(b)—Multiple Jobs Worksheet, which is found on page 3 of Form W-4. So after you file your Form 1040 tax return, your W-4 form updates should be next.

☆ No, the IRS still isn't hiring an 'army' of armed auditors—here's how the agency is actually spending $80 billion
▼ + stars: | 2023-05-02 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Last month, the IRS released a plan for how the agency plans to spend nearly $80 billion in funding granted through the Inflation Reduction Act passed in August. The IRS is already spendingThe IRS has already started using a portion of the appropriation to beef up customer services. More audits for wealthy filersThe biggest sticking point in the funding plan is IRS efforts to close the $600 billion "tax gap," the difference between what Americans owe and what they actually pay. To that end, the agency plans to higher more staff in order to ramp up auditing efforts on wealthy families, large corporations and business partnerships. What is clear, Smith says, is that corporations are likely to receive the "majority" of the uptick in IRS scrutiny.

☆ The 'holy grail' of investing accounts: How IRAs can boost your retirement savings
▼ + stars: | 2023-04-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Like workplace retirement accounts, such as 401(k)s, IRAs provide another way to save for retirement. And withdrawing money in retirement without owing any tax is the "holy grail," says Ed Slott, a certified public accountant and founder of IRAHelp.com. Roth IRAs offer no upfront deduction, because they're funded with money you've already paid taxes on. Plus, you can take out any of the money you've put in at any time without penalty. How do I open a Roth IRA?

Williams told Insider she never said she wanted to be put first on their joint taxes. "The sad part of women being the breadwinner is that they're not necessarily freed from a lot of these gender dynamics and considerations," N'Jie Konte told Insider. Laws told Insider it was the only year she and her husband ever filed joint taxes. Laws' husband was listed first on their deed and real estate documents. They put it under his account," Patterson told Insider.

Because I got a tax extension, I was able to work more closely with my CPA and go over all my questions. Those extra months to save made a difference, and I was able to shore up funds to pay for both my corporate and individual tax returns. And since I work with a tax professional, they usually require that I submit all my financial statements and tax documents well before the mid-April deadline. In fact, I usually need to pay quarterly estimated tax returns, plus I usually owe state and federal returns each year. While I don't recommend doing anything last-minute or late, filing my tax returns in mid-October last year did have some unexpected perks.

When it comes to filing taxes, people "can get caught in a thought loop and often overthink in these situations," Dr. Moss says. Others are stressed about the strict deadline for filing taxes. Tax stress can spill out into the rest of your lifeKol explains that this stress often makes late filers "want to stay far away from taxes." The stress of filing late can spill over into other parts of life. "At the end of the day, filing taxes is emotional for some people, and that's something that I have an understanding of from working with my clients," she says.

☆ How to Fill Out a Form 1040
▼ + stars: | 2023-03-20 | by ( ) www.wsj.com time to read: +15 min

Form 1040 contains every figure the IRS needs to calculate your tax bill or refund. The form is identical to Form 1040, but with larger text that makes the form easier to read.) Filing status and personal informationAt the top of Form 1040, you’ll indicate your filing status and provide your basic personal information. If you make estimated tax payments throughout the year, you might want some of your overpayment applied to your estimated tax payments for the following year. Signatures on Form 8879 can be electronic or physical, and once the form is signed you can submit your return for e-filing.

☆ How to Read Your Pay Stub
▼ + stars: | 2023-03-09 | by ( ) www.wsj.com time to read: +14 min

So residents of these states may have to work a little harder to track their earnings if their employer elects to forgo sharing pay stub documents. Only residents of California, Hawaii, New York, Rhode Island, New Jersey, and Puerto Rico will see this on their pay stub, according to Greene-Lewis. 10. pretax DeductionsDepending what workplace benefits are offered by your company and which ones you’ve elected to participate in, you may see pretax or before-tax deductions listed on your pay stub in addition to the various taxes you must pay. There is also another kind of common FSA you might be contributing to that could appear on your pay stub: the dependent-care FSA. Any after-tax withholding your employer makes should be noted on the pay stub.

The usually sleepy Ministry of Science and Technology will be tasked to help lead the country's efforts to reduce dependence on Western suppliers. Meanwhile, creating a National Data Bureau should streamline the myriad of regulations spanning cybersecurity, personal privacy and information transfer. The benefits of upgrading the science, technology and patent ministries are less clear. And despite China being the world's most prolific patent filer, 90% are low-value "trash", estimated one Chinese official in 2019. Other proposals from the State Council include creating a National Data Bureau to coordinate sharing and developing the country's data resources.

☆ What Is Adjusted Gross Income?
▼ + stars: | 2023-03-05 | by ( ) www.wsj.com time to read: +11 min

Your adjusted gross income, or AGI, is your gross income—the sum of all your income sources for the year—less certain above-the-line deductions allowed by the Internal Revenue Service. Your adjusted gross income acts as a guidepost for several aspects of your finances. For instance, if you earned $55,000 from your job, rental income of $10,000 and dividend income of $630, your annual gross income would be $65,630. Here’s a tip: Your AGI will never be more than your gross income, and some taxpayers may find their gross income and AGI are the same. No conversation about adjusted gross income is complete without discussing modified adjusted gross income, or MAGI.

His firm's policy for couples was to only file taxes under the husband's social security number. They'd been lost because I filed them under my social security number, but my accountant had filed our taxes with my husband listed as the primary taxpayer. It was ludicrous to me that I would file taxes for my business using my husband's social security number when he had nothing at all to do with the income. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On Tax Slayer's website Learn more On H&R Block's websiteAt first, I tried to stay calm. I couldn't help but think that the accountant would give me the side-eye if I suggested he filed his business tax under his wife's name.

☆ How to Read a Form 1098-E
▼ + stars: | 2023-03-02 | by ( ) www.wsj.com time to read: +10 min

By Kerri Anne RenzulliIf you have student loans, chances are you’ll encounter the IRS’s Form 1098-E. Those with multiple loans across multiple lenders will be sent a separate 1098-E form by each lending institution. But for those who do, this mark indicates that you took out your student loan before Sept. 1, 2004. Instead of relying on the Form 1098-E, you’ll need to request or download records of what you paid in interest and your payment history from your loan servicer, says Greene-Lewis. Who can claim the student loan interest deduction The $2,500 deduction phases out as your modified adjusted gross income rises.

watch nowThe way in which you and your soon-to-be-ex approach your divorce will have a big impact on the final price tag. If your divorce is contested or your partner isn’t cooperative, it’s important to prepare your financial mindset accordingly. Know the tax consequencesIf you’ve previously enjoyed tax savings from joint filing and/or claiming child-related tax benefits, your first “single” tax bill may be very different from what you’re used to. Many child-related tax benefits such as dependent or education credits can only be claimed by one filer, so you may want to plan ahead and address this in your settlement agreement. Your divorce attorney can work with financial and tax advisors so you are clear on the tax implications and how you can plan ahead.

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