The article discusses the ongoing dispute between Paramount and Netflix over WBD, highlighting key takeaways from a recent legal filing that sheds light on the competitive tensions and strategic moves in the streaming industry.
The Equity podcast delves into the Reddit IPO filing, discussing the potential impact it could have on this year's public-offering market and liquidity cycle, while eagerly anticipating the release of the S-1/A.
The IRS is launching new programs, including Free File and Direct File, to make filing taxes easier for eligible taxpayers as the 2024 tax season begins. These options provide free filing services and expanded in-person assistance through Taxpayer Assistance Centers, made possible by supplemental funding from the Inflation Reduction Act. Electronic filing with direct deposit is recommended, and the IRS anticipates almost 129 million individual tax returns to be filed this season.
A recent filing for an XRP Trust by BlackRock in Delaware sparked speculation about the launch of an XRP exchange-traded fund (ETF), following their applications for bitcoin and ether ETFs. However, BlackRock has confirmed that the filing is false. This incident highlights concerns about the ease of manipulating the crypto market and the need for verification of filings. The XRP filing may have been an attempt to pump the token's price, but given the ongoing litigation with the U.S. SEC, XRP may not be a suitable asset for an ETF. The Delaware Division of Corporations website does not provide sufficient information to determine the legitimacy of filings, raising questions about the screening process.
The deadline to file taxes is April 18, and filers can still request an extension until October 16. Those who made less than $73,000 last year can file for free at IRS.gov. Failure to pay taxes results in a monthly penalty rate of 0.5% on the unpaid amount, increasing to 1% after 10 days of receiving an IRS notice. Low-income individuals should still file as they may be entitled to a refund. The average federal tax refund amount for the week ending April 7 was $2,878, down from last year due to pandemic-era federal payment programs and credits that have ended. Many Americans plan to use their refund to pay down debt, which has increased due to inflation.
Taxpayers who need more time to file their taxes can request a time extension from the IRS. The deadline to file taxes is usually April 15th, but with an extension, taxpayers can have until October 15th to file. To request an extension, taxpayers must fill out Form 4868 and submit it to the IRS by the original filing deadline. It's important to note that an extension to file does not mean an extension to pay any taxes owed, so taxpayers should estimate their tax liability and pay any amount due by the original deadline to avoid penalties and interest.
The deadline to file US tax returns is Tuesday, but there are steps to make it less stressful. If you're worried, there are plenty of free resources to help you get through it. You can file your taxes online or on paper, but paper filing can take up to six months for the IRS to process, while electronic filing cuts it down to three weeks. If you run out of time to file your tax return, you can file for an extension, but it's important to remember that the extension is only to file your taxes, not to pay them.