Samsung will officially introduce the Galaxy S10, the 2019 flagship phone that's hugely important to its bottom line, later today. Of course, we already know pretty much everything about it -- and a handful of other forthcoming products including two new wireless charging devices -- thanks to a persistent, comprehensive and almost certainly accurate series of leaks that has surely given members of Samsung's marketing team high blood pressure if not full-fledged cardiac events. See also Galaxy S10 launch: How to watch, start time, what to expect and more Every Galaxy S10 fact and rumor What we know about Samsung's first foldable phone First there were the renders. Then the low-res, in-the-wild images. These eventually gave way to more authentic-looking press photos. And in recent days, we've seen detailed spec sheets and hands-on videos of the Galaxy S10 and its immediate siblings -- the supersized Galaxy S10 Plus and the less-expensive Galaxy S10E. All of this will mitigate Samsung's … [Read more...] about Galaxy S10 launch day: Final rumors on release date, specs, features and price
Day trading taxes
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? Saying farewell to tax credits for certain electric vehicles in the United States, Carlos Ghosn’s jail time, record EV sales in Norway and payment extensions for people affected by the U.S. government shutdown. All of this and more in The Morning Shift for Thursday, Jan. 3, 2019. 1st Gear: General Motors’ EV Tax Credit Is Reportedly on the Way Out The United States offers $7,500 tax credits to new-car buyers who choose to go electric, but the good times don’t last forever: As we saw with Tesla recently, only the buyers who get in early get to take advantage of the lower prices. Reuters reports that an unnamed source briefed on the matter said this week that General Motors hit the magic number that begins the phase out of the tax credit, which is 200,000 vehicles sold in the country. The person said GM hit the number in the fourth quarter of 2018, meaning the tax … [Read more...] about Get Ready to Say Goodbye to GM’s $7,500 Electric Car Tax Credit
When you’re applying for unemployment benefits, you might not be thinking about whether any income you receive from the program is taxable -- but you should. ©iStock/Thinkstock Losing your job is often a blow both financially and emotionally. At least you have unemployment benefits to help keep you afloat, right? But what about tax time? Will you owe taxes on those benefits? Knowing what you'll owe and how you'll have to pay keeps you from getting an unpleasant surprise at tax time. Nothing's a handout, and that includes unemployment wages, so yes -- any compensation you receive as part of your state's unemployment insurance benefits will be included as part of your gross income on your tax return. Ditto if you live in the District of Columbia, where your compensation comes from the Federal Unemployment Trust Fund. Severance pay and payment for unused vacation or sick days are also taxable. If you don't have federal income tax held back, you'll need to make quarterly … [Read more...] about Do I have to pay taxes on unemployment benefits?
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? Tesla paying for tax credits missed due to delays, Jeep Wranglers filling Jeep dealerships, GM’s challenges in China, and more Ghosn drama. All that and more on The Morning Shift for Thursday, December 27th, 2018. 1st Gear: Elon Musk Says Tesla Will Reimburse Buyers Who Miss Out on EV Tax Credit Due To Delays Production Hell is a term that’s been used to describe Tesla’s attempts to make the Tesla Model 3 a truly mainstream, high-volume car. But alas, the company has had its issues making that a reality, with production problems constantly being fixed, a tent being used to assemble cars, and Elon himself apparently putting in lots of hours. Production delays happen at Tesla and so do issues with delivery logistics, and that could mean more than just that you don’t get your car on time: You could miss out on a federal EV tax credit. Back in October, Tesla … [Read more...] about Tesla Will Reimburse Buyers Who Miss Out on EV Tax Credit Due to Delays
From Bartering to Bitcoins When online sales of virtual assets for hundreds and thousands of dollars became commonplace, the U.S. government took notice. When the GAO issued its report in May 2013, it began by comparing virtual currency transactions to another type of cashless transaction, bartering. Bartering is the exchange of goods and services for other goods and services without any actual money changing hands. In the 1970s, small bartering economies sprung up across the U.S. At first, the IRS didn't take notice, but within a decade, the alternative barter economy was doing serious business with transactions valuing in the area of $200 million a year. In the mid-1980s, the IRS decided to add bartering income to its list of taxable transactions. Again, the issue was cash value. If you trade someone an old TV (cash value about $40) for two hours of their window-washing services (worth $60 in the cash-based world), then you've technically earned $20 of taxable income. It … [Read more...] about Can the IRS tax virtual money?