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Obama has a new suit,
and Twitter has an opinion
Obama has a new suit  AFP/Getty Images
The president gives briefing on Syria, Iraq and Ukraine. But the world of Twitter is focused on another important issue.
Pennsylvania joins states in Obamacare plan
Obama on Islamic State: No strategy yet
Obama seeks 'options' to counter Islamic State

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Labor Day  Getty Images
There are many great deals to be found during Labor Day weekend, but you have to know what to shop for and what to avoid.
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Sports caps put a lid on Genesco
3 reasons to give Best Buy another chance

The case for getting rid of 401(k) plans
the case for getting rid of 401(k) plans  Shutterstock.com
Rusty Olson and Douglas Phillips say it’s time to dump 401(k)s and replace them with a single, private, defined-contribution plan.

Yellen-cited jobs index hits a six-year high
Yellen-cited jobs index at highest level since 2008
An accumulation of different labor-market measures in July reached its highest level since October 2008.
Can Yellen avoid Great Inflation of the 2010s?

Kiev accuses Russia of invading Ukraine
Ukrainian soldiers stand guard at a checkpoint on a road near the city of Dnepropetrovsk on August 25, 2014. Kiev said its forces clashed with an armoured column that crossed from Russia, just as Moscow announced plans for a new aid convoy for war-torn east Ukraine, ramping up tensions on the eve of crunch talks. AFP PHOTO / DIMITAR DILKOFF        (Photo credit should read DIMITAR DILKOFF/AFP/Getty Images)  AFP/Getty Images
Hopes all but dashed of near-term progress toward a diplomatic resolution of the conflict.
U.S.: Russian denials over Ukraine are ‘absurd’
Who loses if Russia shuts off gas supply?

Jessica Alba’s company joins the $1 billion club
HOLLYWOOD, CA - AUGUST 19:  Actress Jessica Alba attends the premiere of Dimension Films' "Sin City: A Dame To Kill For" at TCL Chinese Theatre on August 19, 2014 in Hollywood, California.  (Photo by Kevin Winter/Getty Images)  Getty Images
Actress’s baby-products startup scores valuation of $1 billion with latest funding round.

Who dodges taxes best: Wall Street or Main Street?
Who’s better at dodging taxes — Wall Street or Main Street? MarketWatch
Opinion: Small businesses avoid paying taxes much more so than big companies, writes Rex Nutting.

With bond boom ending, switch to these instead
Jeff Reeves: With bond boom ending, switch into these alternatives Bloomberg
Commentary: Rising rates will punish bonds, making REITs, MLPs and other vehicles more attractive, writes Jeff Reeves.
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Blue Shield skybox inspires calls for scrutiny
How health insurers spend their cash may come under scrutiny if a case involving Blue Shield of California is any indication.

Taxpayers owe AIG’s Benmosche a debt of gratitude
Commentary: It’s easy to bash CEOs, but this ailing insurance executive deserves respect, writes Phil van Doorn.

Active fund managers may take 100% of your gains
Commentary: Mitch Tuchman weighs in on the active-vs.-passive investment debate.
Passive style will gain more ground: Vanguard
Blackstone hires for big-bet hedge fund


  
Alibaba offers
real-estate ‘rewards program’
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Alibaba’s new U.S. perch for M&A
Alibaba rules China mobile commerce for now
Alibaba profit, revenue surge ahead of IPO

How China is keeping a lid on U.S. gas prices
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Here’s what China solar-panel makers predict

Hennessy features Obama poster artist
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GDP data feature good, bad news on housing
Following two quarters of decline, real residential investment rose in the second quarter, at a 7.2% annual rate. Here's what's behind it.
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How muich more debt-laden grad needs to earn
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Home prices hit 70-month high

Garcetti looking to lift L.A.’s minimum wage
Los Angeles Mayor Eric Garcetti reportedly wants to raise the city's minimum wage to $13.25 an hour.

Clash over immigration may lead to shutdown
A possible government shutdown looms over immigration.
McConnell says he wouldn't allow shutdown

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Mayweather looks to Buffett for 900% punch
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  17. 7:52p

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    Japan consumer spending weak, but other data as expected

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  20. 7:32p

    Japan's unemployment ticks up to 3.8% in July vs. 3.7%

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Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York, U.S., on Wednesday, Jan. 29, 2014. Chipotle Mexican Grill Inc. is expected to release earnings figures on Jan. 30. Photographer: Craig Warga/BloombergLunchtime activites at Chipotle Mexican Grill's Madison Square Park Location in New York, U.S., on Wednesday, Jan. 29, 2014. Photographer: Craig Warga/Bloomberg *** Local Caption ***
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SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

Tax Deductions - All posts in category Tax Deductions

  • Sep 27, 2011
    11:19 AM ET

    The Most Efficient Tax Man’s Tips for Job Seekers

    Weekend Investor’s recent feature, “Write Off Your Job Hunt!” offers a tax guide for the unemployed. It has drawn much reader interest and a few questions.

    iStockPhoto

    For answers we turned to Douglas Stives, a professor at Monmouth University in West Long Branch, N.J. Stives was a full-time CPA for 36 years and still practices part-time in addition to teaching at Monmouth’s business school. He prides himself on making optimum use of tax deductions allowed by Uncle Sam, and last spring he was featured in a WSJ article dubbing him “The Most Tax-Efficient Man.

    Stives agrees with experts cited in the story that often a job hunter’s best hope for maximizing deductions is to set up a Schedule C sole proprietorship and look for part-time as well as full-time work, so that the same deductions work for both.

    Like them, he also stresses that taxpayers must have some income to offset the deductions. “The good news is, you don’t have to have income in the first year, just in three out of five years,” says Stives. “It also helps if you can show that some of the future income was generated by your earlier expenses.”

  • Sep 19, 2011
    8:10 PM ET

    The Numbers Behind Obama’s Tax Plan

    Thanks to countless deductions and credits, the federal income tax brackets are ruined.

    Few people pay 10%, 15%, 25%, 28%, 33% or 35% of even their “marginal” dollar in income taxes. So, Monday’s proposal from President Barack Obama is really about average tax rates.

    The plan picks up on one of Warren Buffett’s frequently cited notions — that the richest Americans pay a lower percent of their income in taxes than those earning far less. A progressive tax system, such as the one purportedly used in the United States, is designed to do the opposite.

  • May 16, 2011
    11:53 AM ET

    Depreciation Rules Favor Big Cars

    The most recent Tax Report summarized tax breaks both new and old for cars used in a business, especially new depreciation rules passed by Congress in 2010 that expire at the end of this year.

    IStockphoto

    The bottom line: There’s a big incentive for business owners to buy a behemoth gas guzzler like a Cadillac Escalade or Ford Expedition this year. They can deduct 100% of the purchase price right away (minus a disallowance for any personal use, of course).

    Lawmakers were far less generous with depreciation deductions for purchases of cars weighing less than 6,000 lbs. For these lighter vehicles they also favored more expensive cars (like a Lexus) over less expensive ones (like a Hyundai ).

    CPA Douglas Stives of Monmouth University teased this overall result out of highly complex guidance issued earlier this year by the Internal Revenue Service (See Rev. Proc. 2011-21 and 2011-26).

    Here is a longer explanation of how Mr. Stives arrived at his conclusion about larger and smaller cars weighing less than 6,000 lbs.

    *The IRS defines a “luxury car” as –believe it or not—one costing more than $15,300. Such cars are subject to depreciation limits unless they weigh more than 6,000 lbs. and the special 100% deduction applies.

    *The maximum first-year depreciation for these “luxury cars” is $11,060. This consists of annual regular depreciation of $3,060 for the first year plus “bonus” depreciation of up to $8,000. The write-off in Year Two is normally $4,900, then $2,950 in Year Three, and $1,775 in Years Four and beyond.

  • Apr 5, 2011
    3:05 PM ET

    4 Tips From a Tax-Saving Guru

    Wouldn’t it be nice to write off that flight to Hawaii? Or what about the champagne-and-caviar-adorned soirée at Carnegie Hall?  Maybe you can, says Doug Stives, a CPA from Red Bank, N.J., who re-engineered his life in 2006 to become the Most Tax-Efficient Man in America, as Tax Report columnist Laura Saunders writes. Stives shared a couple of practical, tax-saving suggestions with SmartMoney.com.

    Getty Images

    Get on someone’s payroll. Stives had been a partner at an accounting group for nearly four decades when he decided to take on a role as a tax and accounting professor at Monmouth University in central New Jersey. He also started his own consulting business on the side. While his paycheck is now 25% lower than it had been, his take home is nearly 90% as much, says Saunders. Stives estimates that the fringe benefits from working at the university – health insurance, disability insurance, life insurance, pension-plan coverage, unemployment coverage and workmen’s compensation coverage, among others – add up to about $40,000 a year.

    Mix business and pleasure. Usually it’s a No. 1 professional no-no. But combining your work life with your personal life can slim the price tag of otherwise expensive vacations. As a part-time consultant and full-time teacher, Stives travels a considerable amount for seminars and teaching gigs, often to alluring vacation spots like Hawaii and Lake Tahoe. To deduct airfare, you need to spend more than half your working days on business, says Stives. Weekends don’t count, nor do travel days. If Stives leaves for Hawaii on a Friday, works three days mid-week and returns home the following Monday, he’s squeezed a mostly tax deductible 11-day trip out of three working days. (Hotels, meals, and rental cars are only partly deductible.) But make sure you don’t get carried away, he says. It’s a good idea to pay in full for at least some trips you take to show the IRS you don’t deduct everything.

     

  • Mar 25, 2011
    3:12 PM ET

    Million-Dollar Homes Face More Audits

    Some people who owe more than $1 million on their homes are coming under the microscope at the Internal Revenue Service over how much of their mortgage interest they can deduct on their tax returns.

    The number of taxpayers involved could be in the tens of thousands because in some parts of the country, many homes sell for more than $1 million and even a buyer who puts down 20% or 30% may need to borrow. The amount of interest at stake is substantial, in some cases as much as $50,000 to $60,000 on a $1.1 million mortgage.

    The IRS didn’t comment, but the scrutiny follows a period of confusion by taxpayers, advisers and even some IRS agents about how much interest can be deducted, based on what kind of debt the homeowner holds. Tax rules distinguish between two kinds of home debt. There is home acquisition debt, which is a loan used to acquire, construct or substantially improve a qualified home, and is secured by the home. Then there is home equity debt, which is any other kind of loan that is also secured by the home.

    Some tax advisers were telling clients it was acceptable to deduct all interest on a single mortgage of up to $1.1 million. Others contended that the limit for mortgages was $1 million, but they could also deduct interest on another $100,000 in a home equity loan, according to Melissa Labant, tax technical manager at the American Institute of Certified Public Accountants.

    IRS guidance last June helped set the rules straight. The agency said acquisition loans over $1 million may also qualify as home equity indebtedness. Now, says Labant, it is clear the taxpayer can deduct interest on the full $1.1 million, even if he has only one loan. The development, she adds, is “good news for taxpayers.”

    The rules can get “particularly complex for a mere mortal” when various refinancings get thrown into the mix, and the taxpayer owns several homes, say a house in upstate New York and a condominium in New York, according to David A. Lifson, a certified public accountant at Crowe Horwath LLP in New York, who has clients caught up in these mini-audits. In past six months, he says, the Internal Revenue Service has notified many people that it is looking at their mortgage interest write-offs.

  • Mar 16, 2011
    10:26 AM ET

    New Tax Rules for Gamblers? You Bet

    A bad economy could have some folks looking to Lady Luck for a ladder out. While most gamblers end up empty-handed, a select few win big. And when the amount of money in your pocket grows or shrinks, you know the IRS isn’t far behind. The agency has different rules for amateurs and professionals, as Tax Guy Bill Bischoff previously reported. What’s more, the IRS updated some of its recordkeeping guidelines to make them simpler and more realistic. Check out the Tax Guy’s most recent tips about how to keep your books and stay out of trouble.

    Getty Images

    Form W-2G Helps Keep Winners Honest

    For most types of gambling at a legitimate gaming facility, that facility will issue you a Form W-2G (Certain Gambling Winnings) if you win $600 or more. Of course, the IRS gets a copy too, so you better make sure the gross gambling winnings reported on page 1 of your Form 1040 (or on Schedule C if you are a professional gambler) at least equal the amounts reported on the Forms W-2G.

    Recordkeeping Issues

    Technically speaking, an amateur gambler must report the full amount of each and every win on the miscellaneous income line on page 1 of Form 1040. So in a profitable year, you cannot simply subtract losses from winnings and report the net amount of winnings on page 1 of Form 1040. But let’s face it: Even folks who attempt to keep good records will probably only record their daily net winnings and daily net losses. Reporting an amount of gross income equal to the sum total of the net winnings from all days you had net winnings on page 1 of Form 1040 will probably keep you out of trouble with the IRS (assuming the amount reported as income equals or exceeds the sum total of any amounts reported as income on Forms W-2G).

    Whether you are an amateur or a professional gambler, you must adequately document the amount of your losses in order to claim your rightful gambling-loss deductions. According to the IRS, taxpayers must compile the following information in a log or similar record.

  • Mar 6, 2011
    6:15 PM ET

    Court Rejects Anchor’s Tax Deductions

    That sunny face chirping on your local news each morning doesn’t come without a cost. There are the elocution sessions, maybe a film-production course, perhaps even a master’s degree in journalism. And then you’ve got to consider all those on-the-job expenses. You know – sports jerseys, evening dresses, bikini and thong underwear. These are some of the business expenses that a Columbus, Ohio-area television news anchor tried to deduct.  Not surprisingly, the U.S. Tax Court didn’t buy it.

    Getty Images

    From 2005 to 2008, Anietra Hamper claimed deductions for unreimbursed employee business expenses of around $20,000 each year. Some of the more outrageous items Hamper tried to deduct include the cost of bedding, self-defense classes and Internet expenses, according to the Tax Court’s opinion.

    “You should never get a deduction for anything that’s personal,” says Brookes Billman, a tax-law professor at NYU School of Law.  “The problem is trying to negotiate the business/personal line.”

    To help taxpayers navigate this gray area, the Tax Court has established fairly high standards for clothing deductions, says Billman. 1) The clothing must be specifically required as a condition of employment; 2) the clothing is not adaptable to general usage; and 3) the clothing is not so worn. What passes the test? Think lab coat, construction hard hat, bulletproof vest. What doesn’t?  Many of Hamper’s deductions.

    To abide by her employer’s “Women’s Wardrobe Guidelines,” which requires anchors to maintain a “professional and conservative appearance,” Hamper incurred “considerable” expenses for clothing and grooming, according to the opinion. However, she followed her own set of rules. She’d ask herself, “‘[W]ould I be buying this if I didn’t have to wear this’ to work? ‘and if the answer is no, then I know that I’m buying it specifically’ for work, and therefore, it is a deductible business expense,” according to the opinion. The Court disagreed, but hasn’t yet decided how much she’ll owe.

     

  • Mar 3, 2011
    11:31 AM ET

    Looking for More Tax Deductions?

    Your income: It doesn’t seem like the figure should be terribly complicated to calculate. Yet as April approaches we realize that, thanks to our tax system, a number of deductions can manipulate the amount of your taxable income. Depending on your write-offs, for instance, your taxable income could be anywhere from half to almost all of your gross income, says Tax Guy Bill Bischoff.

    The biggest and most common deductions–home mortgage interest, charitable donations, and so on—leap to mind as soon as you get your hands on that Form 1040.  But there are several others, and some will catch you by surprise. Here are a few more that may have slipped below your radar.

    1. Protective Clothing Required at Work. Need to buy your own lab coat? Apron? If you’re required to wear it at work, and the item isn’t provided by your employer, then it’s deductible, says Greg Rosica, tax partner at Ernst & Young and contributing author of the “Ernst & Young Tax Guide.” This deduction even applies to cosmetics and related application tools for makeup artists and beauticians. But don’t get too carried away. Just because your employer requires you wear a suit to work, doesn’t mean the IRS will let you deduct the cost of that Hugo Boss hanging in your closet.  If you’d otherwise wear the item in your everyday life–say to dinner, to church, to visit your mother-in-law–then it doesn’t pass the test, says Rosica.

    2. State and Local Sales Tax. This primarily targets residents of states like Texas, Washington and Florida that don’t have state income taxes. The IRS provides estimated sales-tax tables based on income — but if you bought any big ticket items (say, a car or a boat), you may want to keep track of the items yourself. Lawmakers extended this deduction for 2010 and 2011.

  • Feb 25, 2011
    11:45 PM ET

    New Deduction for Medicare Premiums

    Sole proprietors, partners, limited liability company (LLC) members, and S corporation shareholders can deduct qualified health insurance premiums paid to cover themselves and family members. This is the so-called self-employed health insurance deduction.

    For 2010, you claim it on Line 29 on Page 1 of Form 1040. Because it’s an above-the-line deduction (meaning a deduction claimed on Page 1), you don’t have to itemize to benefit.

    Medicare Part B Premiums Suddenly Count as Qualified Expenses

    Getty Images

    For years, the IRS had taken the position that Medicare Part B premiums did not count as qualified health insurance premiums. This was bad news if you are an older small business owner because your Medicare Part B premiums for 2010 could range from about $1,300 to over $4,200, depending on your income. If you are married, your spouse’s premiums could be in the same range. So we can be talking about major bucks.

     

    Now for the good news: with no fanfare, the IRS suddenly reversed course on the Medicare Part B premium issue. We know this because the 2010 instructions for Line 29 of Form 1040 explicitly allow you to include Medicare Part B premiums in your health insurance costs for purposes of the self-employed health insurance deduction.

    Make sure you (or your tax preparer) take the new taxpayer-friendly IRS attitude into account when putting together your 2010 return. The additional Line 29 write-off could lower your federal income tax bill by hundreds of dollars or more.

  • Feb 24, 2011
    8:20 AM ET

    Deducting Noncash Donations Not Easy

    If you want to claim itemized deductions for noncash charitable donations on your 2010 Form 1040, gird your loins. Thanks to herds of unscrupulous taxpayers who once made a habit of claiming bogus and inflated charitable write-offs, the Feds have tightened the screws over the years (justifiably so).

    Getty Images

    Unfortunately, innocent folks (like you) get squeezed as a result. Here’s a quick summary of the seven rules that apply to the most-common types of noncash charitable donations.

    Rule 1

    For a donation of a noncash item worth less than $250, you need a receipt from the charity–like the familiar slip you get for noncash donations to Goodwill or the Salvation Army. You need to have the receipt in hand by the time you file your return. Keep it with your tax records, but don’t file it with your return.

    Rule 2

    For a noncash item worth $250-$5,000, you need a written acknowledgment from the charity (more detailed than a receipt) that meets IRS guidelines. Once again, you need to have this in hand when you file your return. Charities know about this rule, and you should have no problem collecting a suitable acknowledgment. Keep it with your tax records, but don’t file it with your return.

About Tax

  • The Tax Blog brings together a team of award-winning tax journalists from the Dow Jones network and around the web to examine the tax issues, changes and legislation that affect families, investors and small business owners. Our contributors include Tax Report columnist Laura Saunders (WSJ), Tax Guy columnist Bill Bischoff and senior reporter Jilian Mincer (SmartMoney.com), retirement-focused reporter Anne Tergesen (WSJ), wealth management writer Arden Dale (Dow Jones Newswires), TaxWatch columnist Eva Rosenberg and personal finance reporter Andrea Coombes (MarketWatch), and reporter Alyssa Abkowitz (SmartMoney). They’ll provide the latest news and insight, mine the tax code for tips and loopholes, and answer your questions about tricky tax situations. Contact the The Tax Blog with ideas, suggestions or tax questions at thetaxblog@dowjones.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

Obama has a new suit,
and Twitter has an opinion
Obama has a new suit  AFP/Getty Images
The president gives briefing on Syria, Iraq and Ukraine. But the world of Twitter is focused on another important issue.
Pennsylvania joins states in Obamacare plan
Obama on Islamic State: No strategy yet
Obama seeks 'options' to counter Islamic State

What not to buy over
Labor Day weekend
Labor Day  Getty Images
There are many great deals to be found during Labor Day weekend, but you have to know what to shop for and what to avoid.
What Zale, Kay can teach high-end Tiffany
Sports caps put a lid on Genesco
3 reasons to give Best Buy another chance

The case for getting rid of 401(k) plans
the case for getting rid of 401(k) plans  Shutterstock.com
Rusty Olson and Douglas Phillips say it’s time to dump 401(k)s and replace them with a single, private, defined-contribution plan.

Yellen-cited jobs index hits a six-year high
Yellen-cited jobs index at highest level since 2008
An accumulation of different labor-market measures in July reached its highest level since October 2008.
Can Yellen avoid Great Inflation of the 2010s?

Kiev accuses Russia of invading Ukraine
Ukrainian soldiers stand guard at a checkpoint on a road near the city of Dnepropetrovsk on August 25, 2014. Kiev said its forces clashed with an armoured column that crossed from Russia, just as Moscow announced plans for a new aid convoy for war-torn east Ukraine, ramping up tensions on the eve of crunch talks. AFP PHOTO / DIMITAR DILKOFF        (Photo credit should read DIMITAR DILKOFF/AFP/Getty Images)  AFP/Getty Images
Hopes all but dashed of near-term progress toward a diplomatic resolution of the conflict.
U.S.: Russian denials over Ukraine are ‘absurd’
Who loses if Russia shuts off gas supply?

Jessica Alba’s company joins the $1 billion club
HOLLYWOOD, CA - AUGUST 19:  Actress Jessica Alba attends the premiere of Dimension Films' "Sin City: A Dame To Kill For" at TCL Chinese Theatre on August 19, 2014 in Hollywood, California.  (Photo by Kevin Winter/Getty Images)  Getty Images
Actress’s baby-products startup scores valuation of $1 billion with latest funding round.

Who dodges taxes best: Wall Street or Main Street?
Who’s better at dodging taxes — Wall Street or Main Street? MarketWatch
Opinion: Small businesses avoid paying taxes much more so than big companies, writes Rex Nutting.

With bond boom ending, switch to these instead
Jeff Reeves: With bond boom ending, switch into these alternatives Bloomberg
Commentary: Rising rates will punish bonds, making REITs, MLPs and other vehicles more attractive, writes Jeff Reeves.
NEED TO KNOW
S&P 500 under 2,000 on Ukraine fears
After Hours: Avago, Splunk rise on earnings
Joan Rivers rushed to NYC hospital
Twitter opens analytics dashboard to all users
Apple invitation confirms Sept. 9 as event date
Millennials, you’re paying for stuff wrong
Giant iPad has few fans among tech insiders
History made as Eonia turns negative
Explosion shakes BP refinery in Indiana

RadioShack shares jump on cash-infusion talk
Zara pulls 'concentration camp' pajamas

Google tests secret drone program
Google goes further in developing drone delivery, conducting a candy-bar test, reports say.

Blue Shield skybox inspires calls for scrutiny
How health insurers spend their cash may come under scrutiny if a case involving Blue Shield of California is any indication.

Taxpayers owe AIG’s Benmosche a debt of gratitude
Commentary: It’s easy to bash CEOs, but this ailing insurance executive deserves respect, writes Phil van Doorn.

Active fund managers may take 100% of your gains
Commentary: Mitch Tuchman weighs in on the active-vs.-passive investment debate.
Passive style will gain more ground: Vanguard
Blackstone hires for big-bet hedge fund


  
Alibaba offers
real-estate ‘rewards program’
China’s top property developer partners with Alibaba’s Taobao on a rewards program that can cut 10% off the purchase of a home. (Caixin)
Alibaba’s new U.S. perch for M&A
Alibaba rules China mobile commerce for now
Alibaba profit, revenue surge ahead of IPO

How China is keeping a lid on U.S. gas prices
How China is keeping a lid on U.S. gas prices
One reason prices at the pump this Labor Day weekend will be the lowest in four years.
Here’s what China solar-panel makers predict

Hennessy features Obama poster artist
A limited-edition Cognac features art by Shepard Fairey.

GDP data feature good, bad news on housing
Following two quarters of decline, real residential investment rose in the second quarter, at a 7.2% annual rate. Here's what's behind it.
Pending home sales climb to 11-month high
How muich more debt-laden grad needs to earn
Renters, homeowners now cluster together
Home prices hit 70-month high

Garcetti looking to lift L.A.’s minimum wage
Los Angeles Mayor Eric Garcetti reportedly wants to raise the city's minimum wage to $13.25 an hour.

Clash over immigration may lead to shutdown
A possible government shutdown looms over immigration.
McConnell says he wouldn't allow shutdown

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Mayweather looks to Buffett for 900% punch
Flashy prizefighter seeks investing advice from plain-spoken oracle.
/conga/frontpage.html 318230

Latest News

    /news/latest
  1. 8:43p

    Japan stocks slip lower after data, but Softbank up

  2. 8:38p

    Newscast: Dunkin' Donuts going dark

  3. 8:23p

    Australia's S&P/ASX 200 flat at 5,625.80 in early moves

  4. 8:23p

    Australia's S&P/ASX 200 flat at 5,625.80 in early moves

  5. 8:09p

    Japan industrial output inches up; retail sales gain

  6. 8:01p

    Japan's Topix down 0.2% at 1,277.79 in early moves

  7. 8:01p

    BREAKING

    Japan's Nikkei Average opens down 0.2% at 15,423.88

  8. 7:53p

    Japan's July retail sales up 0.5% vs. year earlier

  9. 7:52p

    Boeing moves closer to expanding in South Carolina

  10. 7:52p

    BREAKING

    Japan industrial output swings to 0.2% gain in July

  11. 7:45p

    Japan consumer spending weak, but other data as expected

  12. 7:33p

    Japan's household spending plunges 5.9% vs. year earlier

  13. 7:32p

    Japan's unemployment ticks up to 3.8% in July vs. 3.7%

  14. 7:32p

    BREAKING

    Japan's July core CPI up 3.3% vs. year earlier

  15. 7:15p

    Project Wing, Google's secret drone-delivery program, tested with package of candy bars

  16. 7:03p

    Facebook disputes study showing social media users shy from debate

  17. 6:59p

    Avago, Splunk shares rise on earnings after hours

  18. 6:27p

    Newscast: Stocks take a step back

  19. 5:58p

    Chalk one up for Obamacare as Pennsylvania joins states in plan

  20. 5:20p

    Obama on Islamic State: 'We don't have a strategy yet'

  21. Loading more headlines...
Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York, U.S., on Wednesday, Jan. 29, 2014. Chipotle Mexican Grill Inc. is expected to release earnings figures on Jan. 30. Photographer: Craig Warga/BloombergLunchtime activites at Chipotle Mexican Grill's Madison Square Park Location in New York, U.S., on Wednesday, Jan. 29, 2014. Photographer: Craig Warga/Bloomberg *** Local Caption ***
Could McDonald’s reel in Chipotle?
Burger giant may rue the day it gave up controlling stake in the fast-growing burrito chain (24/7 Wall St.).
Should you pull a ‘Burger King’ to cut tax bill?

Mobileye is ‘iPhone moment’ for car industry
Analysts kick off coverage of the car-camera maker, saying the tech has the potential to disrupt the auto industry.
Will driverless cars kill drivers’ ed?
Car hacking could become the new carjacking

Why Ferguson, Missouri matters to investors
Why Ferguson, Mo., matters for investors
Opinion: The friction between protesters and police in this St. Louis suburb is also about economic opportunity, writes David Weidner.
Who wants to invest in Ferguson, Mo., now?
The Ferguson, Mo., you don’t know

10 good things you don’t know about Ferguson
Ferguson’s rage has roots in China, Mexico

Smith & Wesson sales fall with gun-control fears
First Take: Many consumers appear to quit buying weapons as fear that their availability will be curtailed abates, writes Steve Goldstein.
10 things the gun industry won’t tell you
/conga/today.html 318204

Markets »

51.86MDow Volume:
Avg Vol: 78.57M
Unchanged
287
Decliners
3748
Advancers
2429
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 17,080 -42 0.25%
Nasdaq
/quotes/zigman/12633936/realtime 4,558 -12 0.26%
S&P 500
/quotes/zigman/3870025/realtime 1,997 -3 0.17%
GlobalDow
/quotes/zigman/629063/realtime 2,614 +0 0.00%
Gold
/quotes/zigman/635641/delayed 1,292 +1 0.10%
Oil
/quotes/zigman/2196857/delayed 94.52 -0.03 0.03%
FTSE 100
/quotes/zigman/3173262/delayed 6,806 -25 0.36%
DAX
/quotes/zigman/2380246/delayed 9,463 -107 1.12%
CAC 40
/quotes/zigman/3173214/delayed 4,366 -29 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 20,341 -422 2.03%
IBEX 35
/quotes/zigman/2759620/delayed 10,722 -115 1.06%
Stoxx 600
/quotes/zigman/2380150/delayed 341 -2 0.66%
Asia Dow
/quotes/zigman/6959860/realtime 3,313 -6 0.17%
Nikkei 225
/quotes/zigman/5986735/delayed 15,434 -26 0.17%
Hang Seng
/quotes/zigman/2622475/delayed 24,741 -178 0.71%
Shanghai
/quotes/zigman/1859015/delayed 2,196 -14 0.62%
Sensex
/quotes/zigman/1652085/delayed 26,638 +78 0.29%
Singapore
/quotes/zigman/1709939/delayed 3,330 -11 0.34%
Euro
/quotes/zigman/4867933/realtime/sampled 1.32 +0.00 0.01%
Yen
/quotes/zigman/4868099/realtime/sampled 103.71 -0.02 0.02%
Pound
/quotes/zigman/4867886/realtime/sampled 1.66 0.00 0.00%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.93 0.00 0.09%
DXY Index
/quotes/zigman/1652083/delayed 82.49 0.00 0.00%
WSJ $ Idx
/quotes/zigman/9625991/realtime 74.57 +0.01 0.02%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.34 +0.01 0.34%
German 10y
/quotes/zigman/15866409/realtime 0.89 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 2.45 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 2.22 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.26 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.50 +0.01 2.00%
Crude Oil
95 0 0.03%
Gold
1,292 +1 0.10%
Corn
/quotes/zigman/3098927/delayed 368 -2 0.41%
DJIA F
/quotes/zigman/21588489/delayed 17,097 +20 0.12%
S&P F
/quotes/zigman/20258909/delayed 1,999 +2 0.11%
Silver
/quotes/zigman/635603/delayed 20 0 0.10%

Quotes

Symbol Price Change % Change
FB /quotes/nls/fb 73.86 -0.78 -1.04%
AAPL /quotes/nls/aapl 102.25 0.12 0.12%
GOOG /quotes/nls/goog 569.20 -1.80 -0.32%
BAC /quotes/nls/bac 16.01 -0.19 -1.17%
C /quotes/nls/c 51.39 -0.47 -0.91%
F /quotes/nls/f 17.42 0.06 0.35%
T /quotes/nls/t 34.74 -0.01 -0.03%
BP /quotes/nls/bp 47.92 -0.44 -0.91%
GE /quotes/nls/ge 26.01 -0.12 -0.46%
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5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.3%
MMA $50K+
0.6%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.37% 10.37% 10.33%
Balance Transfer 12.73% 12.64% 12.66%
Business 12.80% 12.80% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.94% 14.91% 14.84%
Reward 15.04% 15.00% 14.97%
Airline 15.46% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 28.00% 28.00% 28.00%
Source:CreditCards.com
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Bulletin
Investor Alert

Tokyo Markets Close in:

Obama has a new suit,
and Twitter has an opinion
Obama has a new suit  AFP/Getty Images
The president gives briefing on Syria, Iraq and Ukraine. But the world of Twitter is focused on another important issue.
Pennsylvania joins states in Obamacare plan
Obama on Islamic State: No strategy yet
Obama seeks 'options' to counter Islamic State

What not to buy over
Labor Day weekend
Labor Day  Getty Images
There are many great deals to be found during Labor Day weekend, but you have to know what to shop for and what to avoid.
What Zale, Kay can teach high-end Tiffany
Sports caps put a lid on Genesco
3 reasons to give Best Buy another chance

The case for getting rid of 401(k) plans
the case for getting rid of 401(k) plans  Shutterstock.com
Rusty Olson and Douglas Phillips say it’s time to dump 401(k)s and replace them with a single, private, defined-contribution plan.

Yellen-cited jobs index hits a six-year high
Yellen-cited jobs index at highest level since 2008
An accumulation of different labor-market measures in July reached its highest level since October 2008.
Can Yellen avoid Great Inflation of the 2010s?

Kiev accuses Russia of invading Ukraine
Ukrainian soldiers stand guard at a checkpoint on a road near the city of Dnepropetrovsk on August 25, 2014. Kiev said its forces clashed with an armoured column that crossed from Russia, just as Moscow announced plans for a new aid convoy for war-torn east Ukraine, ramping up tensions on the eve of crunch talks. AFP PHOTO / DIMITAR DILKOFF        (Photo credit should read DIMITAR DILKOFF/AFP/Getty Images)  AFP/Getty Images
Hopes all but dashed of near-term progress toward a diplomatic resolution of the conflict.
U.S.: Russian denials over Ukraine are ‘absurd’
Who loses if Russia shuts off gas supply?

Jessica Alba’s company joins the $1 billion club
HOLLYWOOD, CA - AUGUST 19:  Actress Jessica Alba attends the premiere of Dimension Films' "Sin City: A Dame To Kill For" at TCL Chinese Theatre on August 19, 2014 in Hollywood, California.  (Photo by Kevin Winter/Getty Images)  Getty Images
Actress’s baby-products startup scores valuation of $1 billion with latest funding round.

Who dodges taxes best: Wall Street or Main Street?
Who’s better at dodging taxes — Wall Street or Main Street? MarketWatch
Opinion: Small businesses avoid paying taxes much more so than big companies, writes Rex Nutting.

With bond boom ending, switch to these instead
Jeff Reeves: With bond boom ending, switch into these alternatives Bloomberg
Commentary: Rising rates will punish bonds, making REITs, MLPs and other vehicles more attractive, writes Jeff Reeves.
NEED TO KNOW
S&P 500 under 2,000 on Ukraine fears
After Hours: Avago, Splunk rise on earnings
Joan Rivers rushed to NYC hospital
Twitter opens analytics dashboard to all users
Apple invitation confirms Sept. 9 as event date
Millennials, you’re paying for stuff wrong
Giant iPad has few fans among tech insiders
History made as Eonia turns negative
Explosion shakes BP refinery in Indiana

RadioShack shares jump on cash-infusion talk
Zara pulls 'concentration camp' pajamas

Google tests secret drone program
Google goes further in developing drone delivery, conducting a candy-bar test, reports say.

Blue Shield skybox inspires calls for scrutiny
How health insurers spend their cash may come under scrutiny if a case involving Blue Shield of California is any indication.

Taxpayers owe AIG’s Benmosche a debt of gratitude
Commentary: It’s easy to bash CEOs, but this ailing insurance executive deserves respect, writes Phil van Doorn.

Active fund managers may take 100% of your gains
Commentary: Mitch Tuchman weighs in on the active-vs.-passive investment debate.
Passive style will gain more ground: Vanguard
Blackstone hires for big-bet hedge fund


  
Alibaba offers
real-estate ‘rewards program’
China’s top property developer partners with Alibaba’s Taobao on a rewards program that can cut 10% off the purchase of a home. (Caixin)
Alibaba’s new U.S. perch for M&A
Alibaba rules China mobile commerce for now
Alibaba profit, revenue surge ahead of IPO

How China is keeping a lid on U.S. gas prices
How China is keeping a lid on U.S. gas prices
One reason prices at the pump this Labor Day weekend will be the lowest in four years.
Here’s what China solar-panel makers predict

Hennessy features Obama poster artist
A limited-edition Cognac features art by Shepard Fairey.

GDP data feature good, bad news on housing
Following two quarters of decline, real residential investment rose in the second quarter, at a 7.2% annual rate. Here's what's behind it.
Pending home sales climb to 11-month high
How muich more debt-laden grad needs to earn
Renters, homeowners now cluster together
Home prices hit 70-month high

Garcetti looking to lift L.A.’s minimum wage
Los Angeles Mayor Eric Garcetti reportedly wants to raise the city's minimum wage to $13.25 an hour.

Clash over immigration may lead to shutdown
A possible government shutdown looms over immigration.
McConnell says he wouldn't allow shutdown

Paul Merriman: Four traps wrecking your retirement
Four traps wrecking your retirement
There are many ways to undermine retirement savings, but these four traps are easy to avoid, says Paul Merriman.
Estate-planning issues when age gap is large

Mayweather looks to Buffett for 900% punch
Flashy prizefighter seeks investing advice from plain-spoken oracle.
/conga/frontpage.html 318230

Latest News

    /news/latest
  1. 9:23p

    China's Citic Securities first-half profit up 93%

  2. 9:22p

    China Citic Bank first-half profit rises 8%

  3. 9:22p

    Hong Kong retail sales fall by more than expected

  4. 9:21p

    China shippers missing out on trade rebound

  5. 9:20p

    Wal-Mart looks online for Chinese growth

  6. 9:19p

    Virgin Australia posts deep annual loss

  7. 9:03p

    Australia stocks flat, but Qantas, Toll rally

  8. 8:43p

    Japan stocks slip lower after data, but Softbank up

  9. 8:38p

    Newscast: Dunkin' Donuts going dark

  10. 8:23p

    Australia's S&P/ASX 200 flat at 5,625.80 in early moves

  11. 8:23p

    Australia's S&P/ASX 200 flat at 5,625.80 in early moves

  12. 8:09p

    Japan industrial output inches up; retail sales gain

  13. 8:01p

    Japan's Topix down 0.2% at 1,277.79 in early moves

  14. 8:01p

    BREAKING

    Japan's Nikkei Average opens down 0.2% at 15,423.88

  15. 7:53p

    Japan's July retail sales up 0.5% vs. year earlier

  16. 7:52p

    Boeing moves closer to expanding in South Carolina

  17. 7:52p

    BREAKING

    Japan industrial output swings to 0.2% gain in July

  18. 7:45p

    Japan consumer spending weak, but other data as expected

  19. 7:33p

    Japan's household spending plunges 5.9% vs. year earlier

  20. 7:32p

    Japan's unemployment ticks up to 3.8% in July vs. 3.7%

  21. Loading more headlines...
Employees prepare lunch orders at a Chipotle Mexican Grill restaurant at Madison Square Park in New York, U.S., on Wednesday, Jan. 29, 2014. Chipotle Mexican Grill Inc. is expected to release earnings figures on Jan. 30. Photographer: Craig Warga/BloombergLunchtime activites at Chipotle Mexican Grill's Madison Square Park Location in New York, U.S., on Wednesday, Jan. 29, 2014. Photographer: Craig Warga/Bloomberg *** Local Caption ***
Could McDonald’s reel in Chipotle?
Burger giant may rue the day it gave up controlling stake in the fast-growing burrito chain (24/7 Wall St.).
Should you pull a ‘Burger King’ to cut tax bill?

Mobileye is ‘iPhone moment’ for car industry
Analysts kick off coverage of the car-camera maker, saying the tech has the potential to disrupt the auto industry.
Will driverless cars kill drivers’ ed?
Car hacking could become the new carjacking

Why Ferguson, Missouri matters to investors
Why Ferguson, Mo., matters for investors
Opinion: The friction between protesters and police in this St. Louis suburb is also about economic opportunity, writes David Weidner.
Who wants to invest in Ferguson, Mo., now?
The Ferguson, Mo., you don’t know

10 good things you don’t know about Ferguson
Ferguson’s rage has roots in China, Mexico

Smith & Wesson sales fall with gun-control fears
First Take: Many consumers appear to quit buying weapons as fear that their availability will be curtailed abates, writes Steve Goldstein.
10 things the gun industry won’t tell you
/conga/today.html 318204

Markets »

51.86MDow Volume:
Avg Vol: 78.57M
Unchanged
287
Decliners
3748
Advancers
2429
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 17,080 -42 0.25%
Nasdaq
/quotes/zigman/12633936/realtime 4,558 -12 0.26%
S&P 500
/quotes/zigman/3870025/realtime 1,997 -3 0.17%
GlobalDow
/quotes/zigman/629063/realtime 2,614 0 0.00%
Gold
/quotes/zigman/635641/delayed 1,291 +1 0.07%
Oil
/quotes/zigman/2196857/delayed 94.50 -0.05 0.05%
FTSE 100
/quotes/zigman/3173262/delayed 6,806 -25 0.36%
DAX
/quotes/zigman/2380246/delayed 9,463 -107 1.12%
CAC 40
/quotes/zigman/3173214/delayed 4,366 -29 0.66%
FTSE MIB
/quotes/zigman/1482176/delayed 20,341 -422 2.03%
IBEX 35
/quotes/zigman/2759620/delayed 10,722 -115 1.06%
Stoxx 600
/quotes/zigman/2380150/delayed 341 -2 0.66%
Asia Dow
/quotes/zigman/6959860/realtime 3,311 -7 0.20%
Nikkei 225
/quotes/zigman/5986735/delayed 15,411 -49 0.32%
Hang Seng
/quotes/zigman/2622475/delayed 24,741 -178 0.71%
Shanghai
/quotes/zigman/1859015/delayed 2,196 -14 0.62%
Sensex
/quotes/zigman/1652085/delayed 26,638 +78 0.29%
Singapore
/quotes/zigman/1709939/delayed 3,324 -6 0.19%
Euro
/quotes/zigman/4867933/realtime/sampled 1.32 0.00 0.01%
Yen
/quotes/zigman/4868099/realtime/sampled 103.72 -0.01 0.01%
Pound
/quotes/zigman/4867886/realtime/sampled 1.66 0.00 0.02%
Australia$
/quotes/zigman/4867876/realtime/sampled 0.94 0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 82.50 +0.01 0.01%
WSJ $ Idx
/quotes/zigman/9625991/realtime 74.56 +0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.34 +0.00 0.12%
German 10y
/quotes/zigman/15866409/realtime 0.89 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 2.45 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 2.22 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 2.26 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.50 +0.01 1.88%
Crude Oil
95 0 0.05%
Gold
1,291 +1 0.07%
Corn
/quotes/zigman/3098927/delayed 368 -1 0.27%
DJIA F
/quotes/zigman/21588489/delayed 17,094 +17 0.10%
S&P F
/quotes/zigman/20258909/delayed 1,999 +2 0.10%
Silver
/quotes/zigman/635603/delayed 20 0 0.10%

Quotes

Symbol Price Change % Change
FB /quotes/nls/fb 73.86 -0.78 -1.04%
AAPL /quotes/nls/aapl 102.25 0.12 0.12%
GOOG /quotes/nls/goog 569.20 -1.80 -0.32%
BAC /quotes/nls/bac 16.01 -0.19 -1.17%
C /quotes/nls/c 51.39 -0.47 -0.91%
F /quotes/nls/f 17.42 0.06 0.35%
T /quotes/nls/t 34.74 -0.01 -0.03%
BP /quotes/nls/bp 47.92 -0.44 -0.91%
GE /quotes/nls/ge 26.01 -0.12 -0.46%
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Rates »

5 yr CD
1.4%
2 yr CD
0.9%
1 yr CD
0.7%
MMA $10K+
0.3%
MMA $50K+
0.6%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 10.37% 10.37% 10.33%
Balance Transfer 12.73% 12.64% 12.66%
Business 12.80% 12.80% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.94% 14.91% 14.84%
Reward 15.04% 15.00% 14.97%
Airline 15.46% 15.46% 15.30%
Bad Credit 22.73% 22.73% 22.73%
Instant Approval 28.00% 28.00% 28.00%
Source:CreditCards.com
Trending Tickers
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  • /quotes/zigman/6105033/delayed GTAT-4.79%
  • /quotes/zigman/221274/delayed CPB+0.38%
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