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How to use a required minimum distribution for unpaid quarterly taxes

Sdi Productions | E+ | Getty ImagesIf you're retired and skipped your 2022 tax payments, you can still avoid late penalties with an under-the-radar year-end strategy, experts say.Since taxes are due as you receive income, you must withhold levies from earnings or pay quarterly estimated tax payments. You may owe quarterly taxes if you didn't withhold enough from Social Security, pensions or other income.But if you missed paying quarterly taxes, you can correct that mistake through your year-end required minimum…

Intel begins layoffs, offers unpaid leave to factory workers globally

Chip-maker Intel has begun layoffs and is also offering thousands of manufacturing employees globally three months of unpaid leave as it aims to weather the poor sales amid global macroeconomic conditions.The company started its expected layoffs in California with at least 201 employees as "part of a broader cost cutting effort," according to reports.The layoffs are scheduled to begin from January 31, the report said, adding that according to the "Worker Adjustment and Retraining Notifications", 111 employees will be…

Intel begins layoffs, offers unpaid leave to factory workers globally : The Tribune India

IANS San Francisco, December 8 Chip-maker Intel has begun layoffs and is also offering thousands of manufacturing employees globally three months of unpaid leave as it aims to weather the poor sales amid global macroeconomic conditions. The company started its expected layoffs in California with at least 201 employees as “part of a broader cost cutting effort”, reports CRN. The layoffs are scheduled to begin from January 31, the report said, adding that according to the…

The IRS interest rate for unpaid refunds and balances will soon be 7%

Bill Oxford | E+ | Getty ImagesIf your tax refund is still in limbo, there's good news: Your balance may be accruing interest, and the rate increases to 7% from 6% on Jan. 1, according to the IRS.As of Nov. 18, there were 3.4 million unprocessed individual returns received in 2022, including filings for previous tax years, the agency reported.related investing newsThese assets have yields not seen in years — here’s what to know about preferred stocksAdjusted quarterly and tied to the federal short-term rate, the 7%…

Reps panel moves to recover N6.5bn unpaid dues from Trade Fair, invites EFCC

The ad hoc committee of the House of Representatives investigating the lease of federal government owned assets has invited the Economic and Financial Crimes Commission (EFCC) to help in the recovery of N6.5 billion unpaid dues from the Lagos Trade Fair. The Committee also summoned the Bureau of Public Procurement (BPP), the Lagos International Trade Complex, Aulic Nigeria Ltd, the Plaza Owners Association and others to appear before in connection with the matter. The Director of Admin and Human Resources of…

Trax Records faces lawsuit over alleged unpaid royalties and lack of payment | Music

More than a dozen artists are suing the pioneering Chicago house label Trax Records, the estate of co-founder Larry Sherman, and current owners Screamin’ Rachael Cain and Sandyee Barns, Rolling Stone reports.The plaintiffs, among them Trax co-founder Vince Lawrence and musicians Marshall Jefferson, Adonis and Maurice Joshua – allege that the label owes them unpaid royalties and in some cases that the label never paid them anything at all, according to a copy of the lawsuit seen by the Guardian.Jefferson claims that Trax…

Beyoncé’s Camp Responds to Designer’s Claims of Unpaid Work

Beyoncé’s team is attempting to set the record straight.Earlier this week, fashion designer/artist Nusi Quero took to Instagram with claims of unpaid fees. He specifically called out Bey’s stylist, Marni Senofonte, of failing to pay him for various projects, including work for the Renaissance cover art. “As a stylist for B, I really expected the best from you and your team,” Quero wrote in a since-deleted post. “But since you won’t responded to texts and emails. I supposed this is the final venue I can utilize before…

Lawyer Says 6ix9ine Owes His Firm $400,000 in Unpaid Legal Fees

A lawyer says 6ix9ine owes his firm hundreds of thousands of dollars in unpaid legal fees.Per court documents dated Oct. 7 and viewed by Complex, Robert S. Meloni of Meloni & McCaffrey APC says 6ix9ine owes “approximately $400,000 in unpaid legal fees.” Furthermore, Meloni alleged, 6ix9ine has “shown both an unwillingness and/or an inability to pay those fees or any new fees on an ongoing basis.”While the case specifically referenced in last week’s filing is the previously reported trademark infringement case…

How to use your required minimum distributions for unpaid taxes

Portra | E+ | Getty ImagesIf you're retired and haven't made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say.Retirees must send tax payments four times per year if they don't withhold enough from Social Security, pensions, investments or other sources of income. However, for certain retirees, there's a chance to correct missed payments through required minimum distributions, or RMDs, paid annually at age 72. (Your RMDs may have already started if you…

Angry over unpaid dues, labourer sets owner’s Mercedes Benz luxury car on fire: Arrested [Video]

Noida police has just arrested a labourer who set his owner’s Mercedes Benz luxury car on fire. The incident, caught on CCTV, shows the labourer pouring some substance on the parked Mercedes Benz car’s bonnet, following which the car catches fire. The labourer has been identified as Ranveer – a 40-year old from Bihar, who was miffed with the Mercedes Benz owner for not paying his dues. The labourer is said to have installed pipes in the house of the Mercedes Benz owner. While the pipe laying work is said to have cost…