Month: July 2019

Recently, in Revenue Procedure 2019-32, the IRS provided a six-month extension for certain partnerships to file a superseding Form 1065 (its partnership return) and corresponding Schedules K-1 to each of its partners.  The Bipartisan Budget Act of 2015 (the “BBA”) drastically changed the way that partnerships are audited, including partnership-level assessments; smaller partnerships, however, can
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Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm issued guidance for September quarter earnings and revenue significantly lower than analyst expectations on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain items, vs $0.75 expected according to analysts polled by
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Leon Cooperman Scott Mlyn | CNBC During Tuesday night’s Democratic presidential debate, many of the Democratic candidates called for ending a favorite tax break of the rich. And now they have some unlikely allies: billionaire, conservative hedge-fund managers. In Wednesday’s Financial Times, hedge-fund manager and longtime Republican supporter Leon Cooperman said that while he opposed
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Share to facebook Share to twitter Share to linkedin Photo credit: Getty Getty How far would you go to get financial aid? Here’s what you need to know. Financial Aid: College If you’ve followed the headlines this year, you’ve undoubtedly read about the largest college admissions scandal in U.S. history. You also may have read
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Government regulators believe that many financial advisors give bad advice about IRAs because the advisors have inherent conflicts. There has resulted in a stream of rules and regulations. The main concern of regulators is what happens to an individual’s 401(k) account after leaving a job. The regulators concluded that too many advisors recommended that the
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Burger King says in a test market featuring the Impossible Whopper in April there was a big bump in foot traffic. Impossible Foods The Food and Drug Administration has approved the key ingredient in the plant-based burger of Beyond Meat’s rival Impossible Foods.  The regulator said Wednesday that it has cleared Impossible’s use of soy leghemoglobin — or
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric.  Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson.  Disclosure Trader disclosure:  Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen
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Illini Union building on the University of Illinois at Urbana-Champaign campus Source: UI Public Affairs First there was the college admissions scandal earlier this year, which revealed the elaborate lengths wealthy parents will go to get their children into elite schools, including faking a learning disability and forking over $1.2 million. Now another trend shows
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