Tag Archives: decline
IRS Audit Rates Declined In 2022
According to a new report, the IRS audited fewer taxpayers last year than in 2021. However, high-income taxpayers ($1 million + net worth) saw a slight increase in their audit rates for FY 2022 after years of decline. This was … Continue reading
Crypto Crash; Investors May Need to Act Fast to Reduce Tax Bill
It has been a bad week for cryptocurrencies following the collapse of the offshore exchange FTX. The recent decline in bitcoin in 2022 must-have caused many crypto investors to give up on digital assets, at least for the time being. … Continue reading
A Recession and Job Losses are Coming, Says Economists
2023 is forecasted to be a gloomy year for the nation, according to economists. As the Federal Reserve tries to bring down the immense levels of inflation we have seen over the summer, the economy is suffering and employers have … Continue reading
Home Prices See First Monthly Decline in Years
From June to July, home prices slid for the first time in years. This is the latest sign that higher mortgage rates are starting to weigh on home prices in many of the country’s biggest markets. It will be interesting … Continue reading
Goldman Sachs Brings Back Wall Street Tradition With Hundreds Of Cuts This Month
The first major bank on Wall Street kicked off layoff season by cutting hundreds of jobs across the firm. This move is attempting to reign in expenses amid a collapse in deals volume. According to a person with direct knowledge … Continue reading