Author: Press Room

It’s not just ordinary folks who mistakenly believe that death extinguishes any obligation to file or pay taxes. The misconception is so pervasive that even some tax practitioners repeat it—one recently advised a taxpayer to simply write “Deceased” on an IRS tax bill.But in the competition between death and taxes, taxes have a longer life. There’s the final “year of death” 1040 tax return, possible estate or trust income tax returns, and all sorts of continuing issues involving retirement accounts, inherited asset basis, and an executor’s potential liability for unpaid taxes. Here’s what you need to know–and why you might…

English schoolchildren are being indoctrinated with far-left theories on race that appear to be racist toward native Britons, despite the lessons being characterised as promoting “anti-racism”. According to a report from The Telegraph, a group of schools in Sheffield has developed lessons that seek to challenge “the unequal systems that surround us in society” by teaching students about contested concepts such as “White Privilege”, which argues that white people are advantaged over other groups in Western nations. Led by Notre Dame High School, which has been tapped by the government to train teachers and administrators from other schools, the scheme…

Republicans in Maryland are asking for a review of voter rolls after a major problem regarding ballots that also drew the attention of President Donald Trump. Maryland’s conservative Freedom Caucus is demanding action from state election officials after 400,000 primary voters who asked for mail-in ballots got the ballot of the wrong party, Fox News reported Monday. In a statement on Saturday, the caucus detailed the issue: The Maryland Democrats and the bureaucrats over at the Board of Elections have proven once again that they are the biggest purveyors of voter suppression tactics in the state of Maryland. After it…

Companies throughout the world have faced supply shocks linked to the Hormuz blockade, the outlet has said The US-Israeli war on Iran has already cost businesses throughout the world at least $25 billion, with losses continuing to mount, Reuters reported on Monday, citing an analysis of corporate disclosures from companies listed in the US, Europe and Asia.The outlet reviewed statements from businesses across major global markets and found that at least 279 enterprises have cited supply chain disruptions and soaring fuel costs linked to the Iran conflict as a reason for emergency measures.Some have raised prices or cut production, while…

How did Graeme Forster, a mathematician from Wales, wind up in Hamilton, Bermuda, running a stock portfolio? His curriculum vitae is a bit unusual. So are the incentive fees collected by his employer, Orbis Investment Management, on the $7.5 billion he looks after. Unusual, especially, is his quirky collection of 65 stocks.Forster is betting on antibody-based drugs with an unusual twist, on stockholder empowerment in Korea, on runaway inflation and, counterintuitively, on movie theaters. This looks nothing like an index fund. If it did, Orbis, compensated for beating indexes, would starve. Forster landed a Ph.D. from Cambridge in 2007 by…

On Monday’s broadcast of Newsmax TV’s “Rob Schmitt Tonight,” White House Senior Counselor for Trade and Manufacturing Peter Navarro stated that all of Iran’s ballistic missiles are fueled by rocket fuel from China and all of their drones have Chinese components, but we got a commitment from China not to send Stinger missile equipment to Iran and “we’re going to look very closely at the land routes. We’ve got the sea routes done, and we’ve got the air routes out.” Navarro said, “[E]very single ballistic missile Iran fires at Israel or Saudi or UAE or anybody in between, that’s powered by…

An illegal alien is accused of repeatedly sexually assaulting a young girl in Martin County, Florida, Immigration and Customs Enforcement (ICE) officials revealed on Monday. Henry Roldan Perez-Roblero, a 20-year-old illegal alien from Guatemala, was arrested on May 9 by Martin County law enforcement and charged with felony sexual battery of a victim under 12 years old. According to police, Perez-Roblero allegedly repeatedly had sex with a 12-year-old girl, going back to when she was just 10 years old. ICE officials, who have lodged a detainer against Perez-Roblero, say President Joe Biden’s administration released the illegal alien into the United States…

PHILADELPHIA — Rep. Alexandria Ocasio-Cortez’s voice boomed over the crowd of progressive activists that had packed the pews and lined the walls of a North Philadelphia church. “The very foundations of our democracy are being shaken with the attacks on the Voting Rights Act,” the New York Democrat warned. But Ocasio-Cortez pointed to hope for resistance in a “city of abolitionists and organizers,” where “somebody in each generation refused to accept the world as it was.” For her, that meant supporting congressional candidate Chris Rabb, who she was rallying alongside Friday. A day earlier, in a too-hot conference room near…

The sister of Ireland’s president was among those detained, according to activists Israeli forces have seized least 39 out of 51 at boats of the Global Sumud Flotilla carrying humanitarian aid to Gaza, the organizers of the action have said.Yachts with more than 420 activists from 39 countries aboard departed from the port of Marmaris in Türkiye last week, with the stated goal of breaking the Israeli naval blockade of the Palestinian enclave.On Monday, the organizers of the flotilla issued a post on X, saying that “military vessels are currently intercepting our fleet and Israel Occupation Forces are boarding the…

Iran’s Tasnim News Agency claimed on Monday that Tehran has prepared a 14-point ceasefire proposal and given it to Pakistani intermediaries to present to the United States. Tasnim quoted a “source close to the Iranian negotiating team” who claimed the American team “had recently sent a text in response to Iran’s previous proposal, which was also presented in 14 points.” “Iran, in line with the recent practice of exchanging messages, has once again submitted its text in 14 points through the Pakistani mediator after making amendments,” the source said. Tasnim’s source did not specify how the new 14-point plan differed…