What Is Form 1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA? Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA is an Internal Revenue Service (IRS) form that reports distributions made from various health accounts. These include distributions from a health savings account (HSA) , an Archer medical savings account (MSA) , or a Medicare Advantage (MA) MSA. It also provides reporting information on the inheritance of accounts by spouses, non-spouses, and estates. Amounts shown on Form 1099-SA must be reported on the taxpayer's federal income tax form. Key Takeaways Form 1099-SA form is sent to individual taxpayers who receive distributions from health savings, medical savings, and Medicare Advantage accounts. Information from Form 1099-SA is reported on either Form 8853 or Form 8889. Unused distributions from an HSA must be reported as income. You can repay a mistaken distribution from a health savings … [Read more...] about IRS Form 1099-SA: What It Is, Who Has to File and How
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Form W-2G: Certain Gambling Winnings, Guide, and Filing How-to’s
What Is Form W-2G: Certain Gambling Winnings? Form W-2G is an Internal Revenue Service document that a casino or other gambling establishment sends to customers who had winnings during the prior year that must be reported as income to the Internal Revenue Service (IRS). Its full title is Form W-2G, Certain Gambling Winnings. The form contains information that the taxpayer needs to file taxes for the year. It includes the total amount of winnings, the date or dates they were won, the type of wager, and how much federal and state income tax has already been withheld. All gambling winnings are taxable but only some gambling winnings are recorded with a Form W-2G. Key Takeaways The IRS requires U.S. citizens to report all gambling winnings as income, whether or not they receive a W2-G. Winnings from gambling, lotteries, and contests all must be reported as "Other Income" on Form 1040. Cash and the cash value of prizes are taxable. State and local taxes may be due on … [Read more...] about Form W-2G: Certain Gambling Winnings, Guide, and Filing How-to’s
Tesla Cuts US Prices on Most Expensive Models
Key Takeaways Tesla lowered the prices of its most expensive models for the second time this year. The price cuts come just days after investors expressed disappointment the company didn't unveil a new model at last week's investor day. The average price for a new Tesla has fallen by half in the past five years; the least expensive models now account for 95% of sales. Other automakers could follow amid gloomy profit forecasts. Shares of Tesla fell as much as 2% today after the company reduced U.S. prices of its most expensive models. Tesla cut the prices of its Model S sedan by 5% to $89,990 from $94,990 and its Model X SUV by 9% to $99,990 from $109,990. The company also reduced the upscale Plaid versions of each model to $109,990, down $5,000 and $10,000, respectively. The price reductions came days after investors expressed disappointment that Tesla didn't unveil a lower-priced model at its first-ever investor day . They also follow cuts of up to 20% on … [Read more...] about Tesla Cuts US Prices on Most Expensive Models
Korean companies may walk away from CHIPS Act money
The U.S. President Joe Biden signs the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, DC on August 9, 2022. [AFP/YONHAP] The United States is pushing foreign chip makers to disclose sensitive business data, including yield rates, to receive subsidies under the CHIPS and Science Act. Onerous is the requirement that some companies might decide not to apply for funding. The yield rate, the amount of a silicon wafer that is successfully made into dies, is considered a key indicator to determine a chip producer's manufacturing capabilities. It is often confidential. Other required information includes production capacity for each wafer, operation rates, estimated production yields, semiconductor prices on first-year production, annual production figures and the increase or decrease rate of the cost. All of the information need to be submitted as Excel files. It can be used to verify the final numbers and the calculation process, the U.S. … [Read more...] about Korean companies may walk away from CHIPS Act money
University Reimburses Students After Professor Forced Class To Purchase Woke Subscription
Michigan State University (MSU) will reimburse students in a business course who were forced to purchase a subscription to the professor’s website which allegedly donated to Planned Parenthood, the New Guard reported. Amy Wisner, a fixed-term faculty member at the MSU Broad College of Business who no longer appears on the university directory , required students in her Marketing Communication course to purchase a $99 subscription to her website, Patriarchy Rebellion. The university launched an investigation into the incident and confirmed in an email to the students, obtained by the New Guard, that a new professor will be teaching the course and that students will be reimbursed. (RELATED: Professor Suspended After Writing That Killing ‘Right-Wing’ Speakers Is ‘Admirable’) “We conducted a review of the MKT 250 Business Communication class and assignment materials based on feedback. We take student feedback very seriously as we strive for the best educational experiences … [Read more...] about University Reimburses Students After Professor Forced Class To Purchase Woke Subscription
‘Out Of Touch Contempt’: Ted Cruz Mocks John Kerry For Defending Billionaires’ Private Jet Usage
Republican Texas Sen. Ted Cruz mocked Special Presidential Envoy for Climate John Kerry for defending billionaires who fly private jets to climate change summits. “Look, I gotta say, John Kerry embodies the rich out-of-touch contempt that today’s left has for working men and women,” Cruz said in the Monday episode of his podcast, “ Verdict with Ted Cruz .” (RELATED: ‘Disgraceful’: Ted Cruz Rips Into Biden’s DHS Secretary For Refusing To Say There’s A Border Crisis) “So if John Kerry believes what he’s saying, it means when John Kerry puts his privileged derriere on a private jet, he is destroying planet Earth and simply buying an indulgence of, ‘well, I sent a check to somebody else.’ It fixes it. And his comment, ‘These gazillionaires are doing more than most people I know.’ And I’ve said, ‘Really, you need to know.’ Like, like, it’s such dripping contempt,” Cruz continued. Kerry discussed the Biden administration’s climate initiatives in an interview with Yahoo … [Read more...] about ‘Out Of Touch Contempt’: Ted Cruz Mocks John Kerry For Defending Billionaires’ Private Jet Usage
The New Reality Of ‘Rolling Layoffs,’ AI’s Impact On Jobs And The Worst Email Sign-Offs
Share to Twitter Share to Linkedin Here is the published version of this week’s Forbes Careers newsletter, which brings the latest news, commentary and ideas about the workplace, leadership and the future of work straight to your inbox every Wednesday. Click here to get on the newsletter list ! I t started in tech. But could it be spreading beyond Silicon Valley and startup world to other major mainstream firms? I’m speaking of the “ rolling layoff ”—the name one former human resources executive gave to describe companies making job cuts in a series of rounds, rather than executing them all at one time. Disney said Monday it plans to cut 7,000 employees starting this week, my colleague Brian Bushard reported . “A second, larger round of notifications will happen in April with several thousand more staff reductions, and we expect to commence the final round of notifications before the beginning of the summer to reach our 7,000-job target,” … [Read more...] about The New Reality Of ‘Rolling Layoffs,’ AI’s Impact On Jobs And The Worst Email Sign-Offs
Istanbul Elections: Failure Of Polarising Tactics In Turkey
Share to Twitter Share to Linkedin Turkey's President Recep Tayyip Erdogan casts his ballot at a polling station in Istanbul, Sunday, ... [+] June 23, 2019. Polls have opened in a repeat election in Turkey's largest city where Erdogan and his political allies could lose control of Istanbul's administration for the first time in 25 years. (AP Photo/Emrah Gurel) For President Recep Tayyip Erdogan, losing control of Istanbul, Turkey's economic and political powerhouse, at the local elections yesterday is a big blow, possibly the most stinging defeat of his political career. If the AK Party hadn't pushed for the cancellation of the March election, it would have been easier to recover from a narrow defeat in Istanbul and several other major cities, including Ankara and Adana. Now, however, after a defeat of a far more significant margin, the ruling party is in a much weaker position. Istanbul's importance The elections have been viewed widely as … [Read more...] about Istanbul Elections: Failure Of Polarising Tactics In Turkey
How To See 5 Planets Line Up In The Sky With The Moon Wednesday
Share to Twitter Share to Linkedin Jupiter and Venus have been lending some brilliant supporting performances to the moon in the night sky for weeks and now you can also catch Mars, Mercury and even shy Uranus as they all form a line with the Moon this week. You also won’t have to stay up into the wee hours to see the show. NASA astronomer Bill Cooke says to head outside shortly after sunset and look to the west. Mercury and Jupiter will be closest to the horizon and you’ll have to be prompt to catch them as they’ll be the first to disappear behind the shadow of the Earth roughly 25 minutes after the sun goes down. The other three planets will stretch about halfway up the night sky. Each evening Jupiter will be setting a few minutes earlier, so it will become more difficult to spot it in the twilight until it’s impossible next week. Cooke says you should be able to see this alignment from anywhere on Earth that has clear skies and a view of … [Read more...] about How To See 5 Planets Line Up In The Sky With The Moon Wednesday
BAFTA Games Awards 2023 Nominees: Your Definitive List Of This Year’s Hopefuls
Share to Twitter Share to Linkedin The Bafta Games Awards returns for its 2023 ceremony tomorrow (March 30), bringing 18 fresh gongs from the U.K.’s most prestigious industry gathering. Following 2022’s gaming Baftas, when Returnal rose above the competition with four awards including Best Game–while the superb Deathloop and Marvel’s Guardians of the Galaxy were snubbed–the line-up of potential winners at this year’s event is just as varied, even though there’s one huge stand-out. Front and center of this year’s get-together is God of War Ragnarök , which set an all-time record as the most-nominated game since the Bafta Games Awards began in 2004, with 14. Admittedly, nearly half of these are due to its stellar acting talent; six nominees dominate the Performer in a Leading Role and Performer in a Supporting Role categories. Top Bafta Games Awards 2023 nominations God of War Ragnarök (14 nominations); Stray (eight); Elden … [Read more...] about BAFTA Games Awards 2023 Nominees: Your Definitive List Of This Year’s Hopefuls