Seksan Mongkhonkhamsao | Moment | Getty Images Roughly 10 years ago, I began shifting careers from concert promoter to personal finance journalist. Back then, I thought about taxes exactly once per year — when it was time to file my annual return. Now, as a tax reporter for CNBC, I focus on tax strategy all
Wealth
Age is just a number, if you ask Mark Cuban. The 65-year-old billionaire says he now regrets stressing about his age every time he hit a big numerical milestone. “People always ask me what I would do differently in my life. Just one thing: I wish I hadn’t thought I was getting old at every
Valentinrussanov | E+ | Getty Images The IRS has unveiled final testing for Direct File, the agency’s free tax filing program, with plans to fully open in 12 pilot states on March 12. Starting March 4, Direct File will expand final testing for eligible new users to begin federal returns, with availability 24 hours per
Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Walt Disney and Indian conglomerate Reliance‘s media merger will give back highly valuable cricket streaming rights to the U.S. firm in a country absolutely
Christie’s auction house in New York. CNBC A version of this first article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Auction house Christie’s just sold a painting for more than $100 million, although the artwork, the
Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings. Catherine Falls Commercial | Moment | Getty Images A gigantic wealth transfer over roughly the next decade will likely make millennials “the richest generation in history,” according to a
The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much you need to join the
Billionaire Mark Cuban built his career using advice his dad gave him at age 14: Time is your most valuable asset. For much of his Cuban’s childhood, his dad Norton worked 60 hours per week for a company that upholstered cars outside of Pittsburgh, Cuban tells CNBC Make It. Sometimes, his dad brought him along
Mark Cuban and Justin Huang have a mutual love for education — and a mutual hate for killing bugs. The two hit it off on Friday’s episode of ABC’s “Shark Tank,” where Huang pitched his product, Cup-a-Bug, to the show’s investor judges. Huang’s handheld device lets you trap bugs without killing them, similar to using
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. The IRS, with billion of dollars in new funding from Congress, has launched a sweeping crackdown
Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no
Some ideas are born on Ivy League campuses. Others, at a California Pizza Kitchen. That’s where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. They lived in Dallas, and had to listen to games on the phone with someone physically in Bloomington, Indiana. “There’s
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