Some Americans who've enrolled in an Obamacare exchange plan with a government subsidy could find themselves on the hook to Uncle Sam next spring.» Read More
The AICPA said it brought its federal lawsuit in the U.S. District Court for the District of Columbia, seeking to block the IRS from moving ahead with its program. "The IRS should withdraw the new rule, consult with stakeholders, and use the tools and data already at its disposal to monitor unethical tax return preparers," Melancon said.
The U.S. Court of Appeals for the District of Columbia ruled in February that the IRS did not have the authority on its own to impose rules on up to 700,000 preparers who are not already licensed as attorneys, accountants or "enrolled agents." The IRS had to mothball its mandatory program and ask Congress for authority to reinstate it.
*Micron, Amazon rise after analysts' comments. *World Bank cuts global 2014 outlook. Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
*World Bank cuts global 2014 outlook. In a cautious note, the World Bank late Tuesday cut its global economic growth forecast for 2014 to 2.8 percent from 3.2 percent due to the impact of the Ukraine crisis and a harsh U.S. winter.
Stocks could continue their quiet march into record territory with few catalysts to force a change in direction before the Fed meets next week.
The "Fast Money" traders share their final trades of the day.
Jim Cramer says 3 companies are actively unlocking serious value right now.
*JPMorgan falls, Wells Fargo flat after results. NEW YORK, April 11- U.S. stocks were set for a lower open on Friday after earnings from JP Morgan Chase, putting the S&P 500 on track to continue its selloff after suffering its biggest drop in two months.
*VIX, Wall Street's fear index, jumps 15 percent. NEW YORK, April 10- The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback.
A change in the executive suite at Zynga is among the headlines after the bell Thursday.
NEW YORK, April 10- There are many tax-time nightmares, but here's one of the most common: You don't have the cash to pay what you owe on April 15.
WASHINGTON, April 8- The U.S. Internal Revenue Service asked Congress on Tuesday for legal authority to regulate thousands of unlicensed tax return preparers, but lawmakers were neutral on the idea.
Some of the names on the move ahead of the open.
H&R Block is blaming a delay in the opening of the Internal Revenue Service's e-file system for a huge shortfall in its third-quarter revenue.
Companies making headlines after the bell Thursday:
While the markets are hoping to see a March thaw, reports of February data in the week ahead may show the economy is still feeling a bit chilled.
A new analysis urges government officials to "seriously explore" partnering with tax preparers to enroll the uninsured in Obamacare.
H&R Block and Jackson Hewitt are making major efforts this season to help customers sign up for Obamacare.
This week on Talking Squawk: Tour some lavish digs, find out how you can ask Warren Buffett a question and get stock picks.
Earlier this month, Intuit cut its estimate for the second quarter ended Jan. 31 after the U.S. Internal Revenue Service delayed by 10 days to Jan. 31 the date on which Americans could begin filing their 2013 tax returns.