Monday is Tax Day: Here’s what happens if you file late
Updated 8:31 AM;
Today 8:31 AM
If you pay taxes late, the IRS may charge interest on what you owe until the balance is paid in full, as well as impose penalties. (AP Photo/Keith Srakocic, File)AP
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The IRS extended the deadline for paying 2020 taxes from April 15 but after the extended May 17 deadline, it will be business as usual: Late filings or payments could result in penalties and/or interest. Here’s what to expect if you’re running behind, and what you can do to mitigate the damage.
WKBT
May 7, 2021 5:27 PM Alana Benson
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It’s easy for taxes to get lost in the shuffle of life during a normal year. This past year, that shuffle was intensified by the stresses of a pandemic.
Thankfully, the IRS extended the deadline for paying 2020 taxes from April 15 to May 17, so people have a bit of extra time to get their paperwork in order.
But after that extended May 17 deadline, it will be business as usual: Late filings or payments could result in penalties and/or interest. Here’s what to expect if you’re running behind, and what you can do to mitigate the damage.
Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past
April 26th 2021, 3:24 pm
The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster
As a result, banks aren t lending to regular people. The economy increasingly relies on little more than newly printed money
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Banks and accounting trickery go together.
Last year, as I remember back to my banking days, financial institutions followed the advice once proffered by one of our board members, “If we’re going to the dump, let’s take a full load.”
Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past mises.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mises.org Daily Mail and Mail on Sunday newspapers.
by Tyler Durden
Wednesday, Apr 14, 2021 - 04:00 PM
Real Vision’s Jack Farley welcomes Chris Whalen, chairman of Whalen Global Advisors, to make sense of the release of earnings from big banks such as JPMorgan Chase ($JPM), Goldman Sachs ($GS), and Wells Fargo ($WFC). Whalen explains why the eye-popping net income figures, which exceeded expectations, are largely due to booking released loan loss reserves as profits as well as trading revenues, which may not be sustainable. Whalen argues that quantitative easing has reduced banks’ earnings power by compressing their net income margins. Lastly, he and Farley discuss the ongoing role of the Federal Reserve as well as today’s direct listing of Coinbase.