Trump administration expands penalty relief for Americans who underpaid taxes

The Internal Revenue Service (IRS Opens a New Window. ) is waiving the underpayment penalty for more Americans who may have unintentionally underpaid their 2018 tax Opens a New Window. liabilities. The Department of Treasury announced on Friday that it was lowering the withholding underpayment threshold to 80 percent – meaning people whose total withholding

Facebook under criminal investigation over controversial data-sharing deals

Facebook is now under criminal investigation over the controversial data-sharing deals that it struck with dozens of other big tech companies — casting a cloud of uncertainty over the social media behemoth as it tries to crawl back from two years of scandals, controversies and apologies. A New York grand jury has subpoenaed records from two major

Why your tax refund might be smaller this year

BRYAN, Tex. (KBTX) – A local certified public accountant is helping to explain why your tax refund might be lower this year. Reports say on average, Americans are receiving 8 percent less in their tax returns. “The reason why might surprise you,” said Chris Chapman with Brazos Valley CPAs. He says it’s actually because you’re

Your 2019 Social Security Spousal Benefits Guide

Social Security is critical to the financial security of millions of retirees, but it’s not just retired workers who receive Social Security benefits. Spouses of retired workers may also qualify for benefits that significantly increase household income in retirement, and widows and widowers can qualify for survivors benefits. The rules for spousal benefits are complex.

Facebook will show who uploaded your contact info for targeted ads

Facebook has taken some steps to prevent companies from recklessly using your data for targeted ads, but now it might put pressure on them to come clean. As of February 28th, Facebook’s “why am I seeing this ad?” button will show who (if anyone) uploaded the contact info that led to a sales pitch. You’ll

US court blocks San Francisco health warning on soda ads

A U.S. appeals court on Thursday blocked a San Francisco law requiring health warnings Opens a New Window. on advertisements for soda Opens a New Window. and other sugary drinks in a win to the American beverage industry which fought the requirements in court. The 11 judges of the 9th U.S. Circuit Court of Appeals

Twitter suspended over 2000 accounts linked to Iran over election interference

WASHINGTON: Twitter revealed that it suspended 2,617 accounts since September which were linked to Iran and allegedly attempted to meddle with the US elections. Some of the accounts claimed to be American news outlets and discussed social and political issues. Overall, the microblogging social network observed that there was less foreign platform manipulation than around

Facebook may face record FTC fine over data privacy violations: Report

The Federal Trade Commission is considering an unprecedented fine against Facebook for possible violations of an agreement to protect its users’ personal data, according to a report on Friday. Ticker Security Last Change %Chg FB FACEBOOK INC. 144.30 -3.27 -2.22% The fine is likely to be “much larger” than the previous record $22.5 million fine