Sometimes it seems the IRS is kicking people when they are down. That is how I saw the case of Karl Bobo who was in Tax Court over a deficiency of $7,175 for the year 2012.
Cash For Keys
The case is about the proper tax treatment of “cash for keys” programs. Elizabeth Weintraub explains how the programs work in Cash for Keys for Homeowners in Foreclosure.
Cash for keys is a way for homeowners in foreclosure — or tenants living in foreclosed homes — to receive cash in exchange for surrendering the keys and vacating the property. A bank generally reaches an agreement with the occupants of a foreclosed home, which requires the home to be cleaned and left in good condition. The agreement typically sets forth a specific date that the home will be vacated, including a promise from the occupants that they will not: Vandalize the home – Strip the home of light fixtures, appliance or copper – Leave pets behind
That last one about the pets kind of s hocked me, but someone I know who cares a lot about animals told me that it happens a lot. Enough so that Elizabeth Weintraub also wrote Why Foreclosed Home Owners Abandon Pets, but I have a tax blog to run here, so I’ll have to move on.
share prices: H&R Block, Inc.(HRB)
- [By Neha Chamaria, Rich Smith, and Reuben Gregg Brewer]
So when we asked some of our contributors to name such “boring” dividend stocks that they vouch for and believe are great picks for income investors, they came up with three really interesting names from two different industries for you to consider: Toronto Dominion Bank(NYSE:TD),H&R Block(NYSE:HRB), and NextEra Energy, Inc.(NYSE:NEE).
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Wednesday was H&R Block, Inc. (NYSE: HRB) which jumped nearly 15% to $23.94. The gain was due to the companys most recent earnings report. The stocks 52-week range is $19.18 to $28.61. Volume was about 17.22 million, well above the daily average of around 2.91 million shares.
- [By Ben Levisohn]
H&R Block (HRB) has climbed 3.1% to $22.20 after beating earnings forecasts by a penny and hiking its dividend.
Cliffs Natural Resources (CLF) has gained 1.2% to $5.16 after getting upgraded to Outperform from Market Perform at Macquarie.
- [By Lisa Levin]
H & R Block Inc (NYSE: HRB) was down, falling around 14 percent to $20.42 as the company reported a disappointing tax season. The company announced plans to lower 13 percent of its workforce. Oppenheimer downgraded H&R Block from Outperform to Perform.
share prices: Tuesday Morning Corp.(TUES)
- [By Monica Gerson]
Tuesday Morning (NASDAQ: TUES) shares gained 4.87% to create a new 52-week high of $14.63. Tuesday Morning shares have jumped 110.09% over the past 52 weeks, while the S&P 500 index has gained 18.17% in the same period.
- [By Peter Graham]
Small cap closeout home decor retailer Tuesday Morning Corporation (NASDAQ: TUES) reported Q4 and fiscal 2017 earnings before the market opened on Thursday. Q4net sales were $223.6 million versus $222.8 million as the Company’s sales comparison to the prior year is impacted by the net closure of 20 stores during the current fiscal year.Comparable store sales increased 1.8% compared to the same period a year ago, and were comprised of a 2.6% increase in customer transactions, partially offset by a 0.8% decrease in average ticket. The Company operated 731 stores at the end of the fiscal year, which is a decrease of 20 stores from the prior year period.The net loss was $17.3 million versusa net loss of $3.9 million.
share prices: 2U, Inc.(TWOU)
- [By David Kretzmann]
Since its IPO in March 2014, 2U (NASDAQ:TWOU) stock is up over 160% as the company forges partnerships with famous schools, including Georgetown, Yale, Berkeley, and New York University.
share prices: Datawatch Corporation(DWCH)
- [By Lisa Levin]
Datawatch Corporation (NASDAQ: DWCH) shares were also up, gaining 14 percent to $8.10 after the company reported a narrower-than-expected quarterly loss.
share prices: Ascent Capital Group, Inc.(ASCMA)
- [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]
Both of these stocks are overlooked, undervalued, and cash flow machines. The companies are Ascent Capital Group (ASCMA) and Covanta Holdings (CVA).
share prices: Albemarle Corporation(ALB)
- [By WWW.THESTREET.COM]
With an improving global economy, now is a great time to be a chemical company, Cramer told viewers, as he reiterated his favorites: Albemarle (ALB) and FMC Technology (FMC) .
- [By Monica Gerson]
Albemarle Corporation (NYSE: ALB) is estimated to post its quarterly earnings at $0.86 per share on revenue of $814.80 million.
Markit Ltd (NASDAQ: MRKT) is expected to report its quarterly earnings at $0.36 per share on revenue of $293.62 million.
- [By Beth McKenna]
Most investors interested in gaining exposure to the lithium space should stick with investing in one or more of the large players listed on a major U.S. stock exchange:Albemarle Corporation(NYSE:ALB), FMC Corp. (NYSE:FMC), andSociedad Quimica y Minera de Chile(NYSE:SQM), or SQM. Smaller players are speculative to varying degrees, and most are unprofitable.