U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Waiting for the last minute to file your taxes? You're not alone. While the vast majority of Americans file in time for the government's April 15 deadline, many wait until the last minute to bite the financial bullet.
The week of April 15 is the busiest single week for tax filings, according to data from the Internal Revenue Service, averaged from the last five years of tax seasons. Nearly 13 percent of taxpayers put off filing until the last week possible, more than double the 5 percent average through the month of March.
Three percent of filers get around to it in the weeks after the April filing deadline and another 9 percent file for extensions and finish up in October and November each year.
Electronic filing has certainly made it easier for many to get their returns together. E-filing has boomed 80 percent since 2013, according to a report from the Adobe Digital Index. IRS data show that 84 percent of filers last year did so electronically, and 92 percent of this year's filers have, as of March 27. Tax season beings when electronic filing becomes available in January—nearly a fifth of Americans waste no time in ponying up to the government and get their taxes filed that month.
If you've already taken care of your taxes for 2014, or if you are going to get it done this weekend, you're like most everyone else. If you're still putting it off, maybe it's because you're rich.
Of the 150-some million tax returns filed each year, 88 percent make it to the IRS in time for the April 15 deadline, meaning that 12 percent are either tardy or request extensions.
Read More Where property taxes hit hardest
Ninety-one percent of taxpayers who earned less that $100,000 in 2013 had filed their taxes by the end of May 2014, according to IRS data. For the same period, 43 percent of those making more than $1 million had filed by June 1, possibly because their tax returns require more complex accounting.
The more you make, the more likely you are to miss Tax Day. Last year, 2,308 filers with an adjusted gross income of more than $10 million had their taxes finished by the end of May—a meager 19 percent of that income group. The other 81 percent eventually filed by November.