Accounts – BB Veggie Thu, 30 Sep 2021 21:22:11 +0000 en-US hourly 1 Accounts – BB Veggie 32 32 Changing your tax return when your filing status is complicated Thu, 08 Apr 2021 02:38:24 +0000

One of the first things you do when filing your federal income tax return is to check the box at the top indicating your filing status.

There are five options: single, head of household, married declaring jointly, married declaring separately and eligible widower (s) with dependent child.

For the most part, this is a fairly straightforward question. Indeed, for federal tax status, marital status is determined by state law from the last day of the calendar year (December 31). There is no math, no crazy formulas: just a date to consider.

Single taxpayers

If you are not married on the last day of the year, either because you were never legally married, or because you were legally separated or divorced, depending on the laws of your state, you can file the case in as a single person.

Heads of families (HOH)

If you are not married and provide more than half of the household expenses for an eligible child or dependent, you may be able to apply as a head of household. HOH can be tricky because you can also use this status if you are considered single under IRS rules; for a taxpayer who is still married, this means that you lived apart from your spouse during the last six months of the tax year and filed a separate return (you must always provide more than half of the household expenses for a child or eligible dependent).

Married taxpayers

If you are married on December 31, you are considered married for the year: it does not matter if you got married on the same day. It doesn’t matter if you live together or what your name is: Married is married.

As a married person, you can file as jointly filed marriage (MFJ) Where Separate marriage deposit (MFS). Despite its hostile sounding name, MFS has nothing to do with the state of your marriage. It is simply a tax choice where married taxpayers choose to file separate returns. This can happen if you don’t want to be responsible for your spouse’s share of tax, or because filing separately can result in a reduction in total tax. You can also file a claim as an MFS to avoid offsetting your repayment if your spouse has unpaid debts like child support arrears or past due student loans.

Eligible widower (s) with dependent child

If your spouse died during the year, you are considered married for the entire year, unless you remarry before the end of the tax year. If you remarry, you will declare that you are married to your new spouse, and the filing status of your deceased spouse will be married separately for the year. If, however, you do not remarry in the next two years and you have an eligible child or stepson for whom you have provided more than half of the household expenses, you may be able to apply by as an eligible widower or widower.

Correct Your Mistakes

But what if you make a mistake? Or, what if, as is increasingly the case in 2021, you want to use a different deposit status to qualify for a stimulus check or tax credit related to Covid-19 relief, but you’ve already filed your tax return? Before you file another return, here’s what you need to know.

First things first: if you need to change your tax return, don’t file a second tax return. This would significantly slow down the processing and could signal your return for review.

If you need to correct your tax return, you must complete Form 1040X, Amended U.S. personal income tax return. But you’ll want to act relatively quickly. For federal income tax purposes, you have three years from the due date of the original return to file your amended return.

To speed things up, you may be able to file your amended return electronically. Traditionally, amended returns were always filed on paper, but you can now electronically edit 2019 and 2020 returns that were originally filed electronically. Unfortunately, the 2019 and 2020 returns originally filed on paper must be amended on paper.

Change your status

Your amended return should reflect your filing status on the last day of the calendar year. Do not file an amended return because your status has changed after calendar year: if you were divorced on January 1, 2021, you are still considered married for 2020.

You’ll also want to pay attention to income, deductions, and other information reported on the return. Your amended return must conform to the filing status you choose. For example, you cannot claim the Earned Income Tax Credit (EITC) if your filing status is MFS even though you were already eligible.

If you simply correct a mistake – for example, you felt like you were single but you weren’t really – you will tick the correct box and report your tax information appropriately. Offer a brief explanation of the change in Part III of the return.

Most of the time, change is easy. However, while you can switch from MFS to MFJ without a problem, you cannot switch from MFJ to MFS after the due date of the original return. Any change in filing status must be made before the filing deadline.

After you’ve checked the correct box, you’ll want to confirm that you’ve reported income and other tax items, like deductions and credits, that are attributable to you.

Lateral bar : You may be able to file a replacement return to effect the change from MFJ to MFS before the due date. If you are not sure what this means, consult a tax professional.

The big exception

It works for everyone, right? Not exactly. If you live in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin) and file MFS, you must report half of all community income and all of your income. individual in your return. . This means that changing MFS will not always result in a reduction in the tax bill. So check the numbers before taking a step.

State tax returns

And since we’re talking about where you live, don’t forget about state income tax returns: a change to your federal return can affect your state taxes.

Refunds, payments and status

You can check the status of your amended return filed on paper or electronically by using the Where is my amended return? on the IRS website or call 1-866-464-2050. Give it time. The IRS says to wait three weeks after filing your amended return to verify a receipt, but amended returns can take up to 16 weeks (not a typo) to process.

If your change to your return results in a payment due, you’ll want to pay as quickly as possible since interest and penalties start accruing on the return due date (not the filing date).

If changing your return results in a refund – and let’s face it, that’s usually the goal – you’ll receive a paper check. A refund for an amended return cannot be deposited directly. If you have a refund check from your original return, you can cash the original refund check, if applicable, pending a refund or further adjustment.

Think before you deposit

In a hectic filing season, you might be tempted to file now and change later. While you can change a return, intentionally making a mistake to gain a tax advantage can backfire. For example, if you divorce for the sole purpose of reporting a single person and remarry the following tax year, you and your spouse must report both years as married persons. The best strategy is to consider your options and make the best choice when making your deposit, and only change them when necessary.

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Central Bank closely monitoring Archegos shock at Credit Suisse Thu, 08 Apr 2021 02:38:15 +0000

The Central Bank of Ireland is closely monitoring Credit Suisse’s multibillion-dollar exposure to the collapse of a US hedge fund, Archegos Capital Management, and is liaising with other regulators, sources say.

It will need to be determined whether Credit Suisse’s blue-chip brokerage business in Dublin, established in 2016 to lend stocks and money to hedge funds and settle transactions for them, played a role in the transactions with Archegos which prompted the Swiss group to issue a profit warning. Monday.

The Irish business was created in 2016 as a branch of the regulated and Zurich-based group, becoming the first bank outside the European Union to benefit from a change in Irish law in 2013. Before that, non-European banks had to to establish wholly-owned subsidiaries in the Republic which were directly regulated by the Central Bank of Ireland.

A spokesperson for the Central Bank and spokesperson for Swiss financial regulator Finma declined to comment, while a spokesperson for Credit Suisse did not respond to a request for comment on Irish affairs.

“Significant losses”

Credit Suisse and Japanese bank Nomura told shareholders on Monday they faced “significant losses” as a number of international investment banks caught in the previously little-known Archegos collapse . The company had used the blue-chip brokerage units of these companies to place leveraged bets on a number of US and Chinese stocks via derivatives such as swaps and contracts for difference (CFDs) which enabled to Archegos to avoid having to disclose his position.

Nomura warned of $ 2 billion (1.7 billion euros), while analysts estimated the blow to Credit Suisse could exceed $ 3 billion.

Archegos ran into problems last week when ViacomCBS, the media giant in which the hedge fund had built a large secret position, saw its stock drop 29% in two days after announcing a $ 3 billion stock sale. dollars (2.56 billion euros). This forced the prime brokers to make margin calls for Archegos to place additional liquidity or other collateral to them to offset losses from its leveraged bets.

When Archegos failed to respond to margin calls, investment banks began on Friday to get rid of around $ 20 billion of shares they held, linked to hedge fund loans. The forced sale put further pressure on ViacomCBS stock prices and also saw another media company Discovery, as well as US-listed stocks of Chinese companies Baidu and Tencent Music plunge.


Nevertheless, the wider fallout in the market from the liquidation of Archegos’ positions has been relatively contained compared to the implosion of the US hedge fund Long-Term Capital Management in 1998, which prompted the Federal Reserve to cut rates and to coordinate a bailout of the company in its creditors.

CFD instruments at the heart of Archegos transactions attracted considerable attention in Ireland during the financial crisis after the family of the country’s richest man, Seán Quinn, formed an underground 28 percent stake in Anglo Irish Bank between 2006 and 2008 using the products.

Mr Quinn said in court in 2014 that in total his family lost € 3.2 billion on their leveraged investment in Anglo Irish Bank, which was nationalized in 2009 and put into liquidation four years later.

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Rare, giant, smelly corpse flower about to bloom for 24-48 hours at Longwood Gardens Thu, 08 Apr 2021 02:38:00 +0000

A corpse flower – one of the most fragrant, largest and most ephemeral flowers in the plant kingdom – is about to open at Longwood Gardens in Kennett Square.

When it does, the vivid brown and green flower of the 6ft tall Amorphophallus titanium will only last 24 to 48 hours and because of that limit, Longwood extended the hours on Wednesday and Thursday.

Corpse flowers like Sprout – the name given to the rare plant by the staff at Longwood – typically only bloom every 7-10 years.

When the event takes place in a botanical garden, it is usually greeted by crowds eager for the rare experience of sight and smell, but Longwood is subject to an opening plan forced by a coronavirus pandemic. restricted participation under timed ticketing. With tickets only available online, extended hours run until midnight Wednesday and again from 6:00 am to midnight Thursday.

The Corpse Flower is native to Sumatra, an Indonesian island.

Also known as titan anum, the plant was first described scientifically in 1878 by the Italian botanist Odoardo Beccari, then introduced into cultivation in Europe and then in the United States. It first flowered in culture at the Royal Botanic Gardens, London in 1889.

The first flowering in the United States was at the New York Botanical Garden in 1937.

The Phipps Conservatory and Botanical Gardens in Pittsburgh had the plant in cultivation, where Romero flowered in 2016 and Barbara flowered in 2017. The plants are named after the late George Romero, a Pittsburgh filmmaker who created the modern zombie genre, and a central character in his “Film Night of the Living Dead.

The names are appropriate for plants that smell like rotten meat when in bloom. This smell attracts pollinators which normally feed on dead animals.

A rare and giant Corpse Flower is set to bloom for 24-28 hours at Longwood Gardens. Photo courtesy of Longwood Gardens.

Longwood’s Corpse Flower started as a seed at the University of California at Berkley in 2008, moved to the Chicago Botanic Garden, where it previously bloomed, and then to the Philadelphia-area Gardens in 2018.

After repotting in March of this year, Sprout began showing new growth in May and was once again on public display.

Once the flower has bloomed and died, a gigantic leaf, as large as 20 feet high and 16 feet wide, will grow from the subterranean bulb, which is an underground energy storage organ made up of a swollen stem base. covered with sheets of scales.

For those who won’t be able to visit Longwood Gardens during Sprout’s short flowering period, the Gardens have put together a corpse flower livestream on its Youtube channel.

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On-demand webinar: become a platform player with digital lending solutions Thu, 08 Apr 2021 02:37:39 +0000

See on demand NOW!

With increased pressure from capital allocation regulations, squeezing profit margins, and Amazon-style customer experience expectations, investment banks have decided to introduce new business models with the transformation digital.

Complex loan syndication favors commission income over traditional interest income. Disparate models and lack of automation further exacerbate the process. As a result, it is imperative to streamline the syndication process and become a player in the platform that offers speed and efficiency.

Find out how you can bring lenders and investors together on one platform, packed with features to support all stages of the syndication book building process in a single solution. Register now to understand how:

  • Automate the integration of complex transactions to reduce operational risks and costs
  • Speed ​​up collection times for corporate clients
  • Increase your income with real-time data by identifying and matching lenders and investors for new investment opportunities



Eyal altaras
Eyal altaras
Director of Global Solutions Consulting at Finastra

Eyal leads the global loan solutions advisory team at Finastra. He is a subject matter expert in loan negotiation and settlement. Eyal has been with Finastra for 23 years and was one of the original designers of the market leader Fusion Loan IQ. In addition, he has expertise in trading, P&L, accounting mapping and regulatory compliance. Prior to Finastra, he held positions in lending activities at financial institutions, including Citibank. Eyal holds an MBA in Finance from the City University of New York.

Axel Coustere
Axel Coustere

Axel co-founded HUBX in London in 2015. Axel spent the first 10 years of his career in investment banking and capital markets (Goldman Sachs, BNP Paribas, Barclays) advising large companies on the raising of capital in the public equity, debt and convertible bond markets. . Since 2007, he has been working in the field of technology, helping banks and stock exchanges deploy platforms to simplify and connect their activities in private capital markets. Axel graduated from the London School of Economics and HEC Paris.

This webinar is brought to you by FINASTRA


This webinar is also brought to you by Banking Exchange Webinar Series

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Where’s the best place to keep the cash I’m going to use to pay off my mortgage? Thu, 08 Apr 2021 02:37:20 +0000

Q. We have 14 years left and $ 270,000 on our 20 year mortgage. I plan to pay off the loan in about five years, but rather than sending a little more money to the bank each month or year, I prefer that it work for me until I have an equal amount. the amount of the unpaid loan. I don’t see the point in letting the bank have access to the money beforehand. At the moment, I keep these funds in an online bank at 0.40%. Is there a better place to keep that money and earn some sort of return without too much risk?

– Planning

A. Prepaying a mortgage loan can indeed be a wise strategy when it comes to saving on the interest you pay on the loan.

But it’s not good for everyone.

“Even though you can get a tax deduction on the interest payment, the amount you lose by tax savings will generally be pale in comparison, ”said Claudia Mott, certified financial planner at Epona Financial Solutions in Basking Ridge. “Please make sure you have read your mortgage document regarding the early repayment of the loan in order to familiarize yourself with any restrictions, requirements or penalties that may be included in the contract. “

She said using a mortgage amortization calculator will help you determine exactly how much savings should be available when you’re ready to close the loan.

These tools can be found online and require you to enter information about the loan, including the original amount, date of issue and the interest rate, she said.

“In order to make a lump sum payment in five years, the money you save really can’t afford to be put into an investment alternative that involves risk like a mutual fund, an exchange-traded fund (ETF), a stock, or even an obligation, ”Mott said. “While five years may not seem like a short-term goal, if the stock market corrects itself or interest rates start to rise, the loss of capital in investments will derail your plans and you may not be able to. not be recovering the loss at the time you are ready to make the prepayment.

The current low interest rate environment is indeed frustrating when it comes to helping saved dollars earn interest and grow. High yield savings accounts, most of which are provided by online banks, offer higher rates than can be found locally, Mott said.

Certificates of deposit would be another alternative to consider and again online shopping will earn the most attractive interest rates.

Creating a CD ladder buying some of the savings over different maturities will help you take advantage of the slightly higher rates that come with longer maturities, ”she said. “The advantage of a CD scale appears at maturity when you can reassess the rate environment and transfer the money to a new contract to take advantage of the prevailing rates. “

As long as the bank you use is FDIC insured, there is no better place right now to keep your money cash and safe, risk free, said Victor Cannillo, founder of Baron Financial Group at Fair Lawn.

“An interest rate of 0.40% is very good in this current environment,” he said.

Before making any decisions, Canillo said you should ctaking into account the interest rate on your current mortgage.

“Rates are currently at historic lows, so one option might be to refinance your mortgage into a new 15-year fixed rate mortgage, depending on your breakeven point and how long you intend to live. in the house, ”he said.

If your mortgage rate is competitive, another option is to not prepay the existing mortgage and invest the money in a diversified strategy, he said.

“This allows you to have another bucket of money and access cash in the event of an income interruption,” he said. “Remember, the bank probably won’t lend you money if you need it, if you are unemployed.”

Email your questions to

Karin Price Mueller writes on Bamboo column for NJ Advance Media and is the founder of Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Sign up for‘s weekly electronic newsletter.

]]> 0 15 stupid arguments people have against canceling student loans Thu, 08 Apr 2021 02:36:49 +0000

“I suffered, why not everyone.”


The argument “I don’t babysit for Millennials”:


The argument “I worked there 50 years before student loans existed”:


The argument “I cannot offer money”:


The argument “My invoices are MY responsibility”:


The ‘Kids should start picking up early’ argument:


The argument “It’s a slap in the face”:


The argument “Everyone must do what I did”:


The argument “What about doctors?” “:


The ‘next thing you’re going to tell me housing is a right too’ argument:


The argument “If you have loans, you should not be able to vote”:


The argument “What’s next? Forgive the medical debt ”:


The argument “Money is the only reason a degree matters”:


The “I went to Ivy League schools” argument:


The argument “Education is not a human right”:


And the argument “I Did Back In My Day, Why Can’t You”:

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Fize Medical raises $ 3.3 million; Closing of a $ 5.3M Series A financing Wed, 07 Apr 2021 23:17:44 +0000

Fize Medical, Inc., a Miami, Florida-based medical device company raised $ 3.3 million and closed a $ 5.3 million Series A financing.

The round was led by Rapha Capital Management, LLC and MIG FZ LLC, with the participation of the first venture capital fund managed by Rapha Capital, Rapha Capital BioVentures Fund I.

The company intends to use the funds to continue the development and commercialization of its new device, the iUO ™, an automatic, digital and cost-effective device for measuring urine flow in real time, replacing the urinometer bag. current, manually managed, attached to a standard Foley catheter, which will be made available to hospitals and physicians around the world.

Led by Dror Zerem, CEO, FIZE Medical is developing a testing platform to measure key patient health indicators found in their urine, in real time, delivered via iUO ™, iUO PLUS ™ and iUO devices DUOFLO ™. The basic FIZE® device, iUO ™, measures urine output in real time in a fully automated fashion and integrated with current healthcare computing platforms such as the EMR. The company’s product line provides a complete solution by extracting all additional relevant clinical information from urine and delivering it to clinicians at their fingertips.



]]> 0 Over $ 70 million in loans paid to Bushehr production units in 10 months Wed, 07 Apr 2021 23:17:42 +0000

TEHRAN – A provincial official announced that 3 trillion rials (about $ 71.42 million) in loans have been paid to production units in Bushehr province, in southwest Iran, to promote the production in the province during the first ten months of the current Iranian calendar. year (March 20, 2020 – January 19, 2021).

Stating that the completion of industrial units over 60% complete is a priority program, Hossein Hosseini, head of the Department of Industry, Mines and Commerce in Bushehr, said that the completion of semi-industrial units -finished, providing liquidity to industries and revitalizing stagnant units are in the program priority.

Data from the Iranian Ministry of Industry, Mines and Trade shows that 101.941 billion rials (over $ 2.42 billion) were paid to production units as part of a program to support the production. domestic production in the first 10 months of the current Iranian calendar year.

The payments mentioned were made to 3,439 production units.

As indicated, under this program called “production and employment facilities”, bank facilities are offered to newly created production units or semi-finished industrial projects with more than 60% physical progress.

Based on the mentioned program, 201,299 billion rials of installations (approximately $ 4.79 billion) are expected to be paid to production units to support domestic production and maintain or create employment opportunities.

Part of this figure is provided by the National Development Fund (FND) and part is provided by the banking system. So far, a total of 110.4 trillion rials (about $ 2.6 billion) of capital has been provided by NDF and the country’s banks for the mentioned program.

Following a major plan to develop the country’s production as part of a resilient economy, the government has defined several projects with the aim of creating 1,032,962 job opportunities.

In this regard, the Central Bank of Iran (CBI) has put production support on the agenda as a major plan for the past two years and CBI Governor Abdolnaser Hemmati has consistently emphasized. that support for production units to make production prosper is the priority of the country’s banks. system.

The Ministry of Industry previously announced that more than 335.75 trillion rials (nearly $ 7.99 billion) had been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects over the course of of the previous Iranian calendar year (ended March 19, 2020).

The mentioned payments were made in the form of 20,930 bank loans to various projects and production units.


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Monte Rosa Therapeutics Announces $ 95 Million Series C Funding to Accelerate Next Generation Protein Degradation Platform Wed, 07 Apr 2021 23:17:38 +0000

BOSTON–() – Monte Rosa Therapeutics, a biotechnology company focused on the discovery and development of precision drugs that degrade pathogenic proteins, today announced the closing of a $ 95 million Series C funding. The product will be used to advance its lead candidate for clinical development, accelerate pipeline growth, and enhance the capabilities of its platform to rationally design and develop small molecule degraders (also known as molecular glues) that hijack the innate ability of the body to break down proteins. Through this approach, Monte Rosa aims to eradicate non-drug proteins that cause or lead to the progression of genomically defined diseases insoluble in standard care, including cancer.

Funding was led by Avoro Capital Advisors with the participation of additional new investors Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, funds and accounts advised by T. Rowe Price Associates, Inc., and RTW Investments, LP. Monte Rosa’s founding investor, Versant Ventures, participated in the cycle, as did other existing investors, New Enterprise Associates, Aisling Capital, Cormorant Asset Management, HBM Healthcare Investments, GV, Amzak Health, Sixty Degree Capital, Casdin Capital and Cambridge Asset Management.

“By harnessing the power of nature’s protein degradation pathways, our next-generation approach is uniquely designed to target the non-drug proteome and remove disease-causing proteins with great precision,” said Markus Warmuth, MD, CEO of Monte Rosa. “With a broad and convincing in vivo Given in hand, we are confident in the potential of our targeted molecular glue-based protein degradation platform to deliver breakthrough small molecule therapies. As we prepare to launch IND studies on our lead candidate later this year, and with additional programs to transition to lead optimization, we are delighted to have the continued support of a group as well. strong new and existing investors who share our vision. We are excited to build on our early successes to further expand our platform, targeting disease-causing proteins that have been impossible to drug in multiple therapeutic indications. ”

“Molecular glue degraders represent a powerful and differentiated approach to eradicate disease-causing proteins,” said Behzad Aghazadeh, Ph.D., Managing Partner, Avoro Capital Advisors. “Coupled with Monte Rosa’s world-class team and drug discovery platform powered by their machine-learning-based degron prediction, the company is poised to rapidly expand the previously unsuccessful target universe. drugs and promote a new generation of therapies. ”

About Monte Rosa

Monte Rosa Therapeutics is a biotechnology company that discovers and develops molecular glues to degrade pathogenic proteins. The company has created a platform to rationally design small molecules that reprogram ubiquitin ligases to eliminate vectors of diseases previously thought to be out of control. The company’s drug discovery platform combines diverse and proprietary chemical libraries of small molecule protein degraders with in-house capabilities in proteomics, structural biology, machine learning-based target selection and computational chemistry to predict and obtain protein degradation profiles. Monte Rosa was started by Ridgeline Discovery Engine from founding investor Versant Ventures and is headquartered in Boston, Massachusetts, with research operations in Boston and Basel, Switzerland. For more information visit

]]> 0 Rishabh Pant becomes fan favorite for ICC Player of the Month award Wed, 07 Apr 2021 23:17:36 +0000

Rishabh Pant, after finishing the Border-Gavaskar series as Team India’s top scorer, has become a fan favorite for the upcoming ICC Player of the Month Award. Along with three other Indians, Pant was one of 10 players nominated for the award, which was launched on Wednesday by the International Cricket Council (ICC).

But it looks like Pant’s 97 and 89 * won more fans than Joe Root’s 426 runs in England’s two test matches against Sri Lanka. According to DNA Poll on which of the Indian players is most likely to receive the honor, Panting was the winner and by a certain margin.

Pant received 56% of the public’s vote while the second best was Mohammed Siraj with 17% of the vote, almost a quarter of what Pant got. In five innings, Pant amassed 274 points, becoming the Indian team’s top scorer in terms of total points, while Cheteshwar Pujara was second with just 3 points.

Ravichandran Ashwin received 14.8% of the vote while left frontman T Natarajan received 12% of the vote.

Pant, who did not play the Adelaide Oval in the first Test of the series, more than made up for his absence in the last three Tests, as he nearly won the match at SCG on the final day with his lightning stroke. of 97 points, while his 89 * at Gabba, won the India game, beating Australia in their stronghold after 32 years.

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