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Business :: Saving

IRS Audits Less than 1 Percent of Big Partnerships

SAVING | By Stephan Ohlemacher | Wednesday Apr 23, 2014
The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report. That means some of Wall Street’s largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS.

Understanding the Alternative Minimum Tax

SAVING | Apr 14
Financial Advisor Ray Martin sits down with MoneyWatch’s Amey Stone to discuss the impetus for starting the Alternative Minimum Tax and the impact it’s having on the American taxpayer.

Miss the April 15 Deadline! No Problem for Most Taxpayers

SAVING | By Stephen Ohlemacher | Apr 14
The calendar shows April 15, and you haven’t even started on your federal tax return? Chances are, you don’t need to fret. If you’re due a refund - and about three-fourths of filers get refunds - April 15 isn’t much of a deadline at all.

US Consumer Borrowing Up $16.5 Billion in February

SAVING | By Martin Crutsinger | Apr 9
Consumers increased their borrowing in February on autos and student loans by the largest amount in a year. But for a second straight month, they cut back on their credit card use.

Gold Extends Slump as Stock Market Climbs

SAVING | Apr 2
The price of gold slid for the fifth day in a row Tuesday as an improving economy and a stronger stock market weakens the metal’s appeal.

’60 Minutes’ Investigates High-Frequency Trading

SAVING | Apr 1
"60 Minutes" correspondent Steve Kroft revealed Sunday night how a few stock market insiders are making billions in high-frequency trading. Kroft spoke with author of "Flash Boys," about how insiders are raising the costs of stocks for ordinary investors.

Money Matters :: Debit or Credit?

SAVING | By Ric Reilly | Mar 28
I am never asked, because I don’t use a debit card. There is not a debit card in my wallet. When one arrives from the bank I immediately cut it up and dispose of it. And here’s why...

US Retail Sales Rebounded 0.3 Percent in February

SAVING | By Josh Boak | Mar 14
U.S. retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture. The Commerce Department said that seasonally-adjusted retail sales rose 0.3 percent.

Keeping Hackers Out of Your Financial Accounts

SAVING | Mar 13
It’s not just credit cards that are vulnerable. Your bank and brokerage accounts are also susceptible to cyber crime. CBS MoneyWatch describes how hackers can obtain your bank and brokerage information and the steps necessary block them.

Pump Up Your Wallet!

RETIREMENT | By David Auten and John Schneider | Mar 8
Being in picture-perfect financial shape is similar to achieving the perfect body: Rather than calorie-counting, it comes down to money in versus money out.

Teen Sues Parents for College Money

SAVING | Mar 6
An honor student and cheerleader at Morris Catholic High School, in New Jersey, is suing her parents, claiming they abandoned her when she turned 18, refusing to pay for college. WCBS’ Christine Sloan reports.