Author: Editor

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines on Friday filed for bankruptcy protection for the second time in a year, just months after the country’s largest budget carrier failed find to sturdy financial footing when it came out of Chapter 11 protection in March.Spirit debtholders agreed in the airline’s previous bankruptcy to exchange $795 million in debt for equity, but the carrier avoided bigger changes to cut costs, like getting rid of planes or more…

The Internal Revenue Service posted guidance just in the nick of time for some taxpayers on the treatment of research and experimentation expenses under the new tax law.On Thursday, the IRS  released Revenue Procedure 2025-28, which instructs taxpayers on how to make various elections, file amended returns, or change accounting methods for research or experimental expenditures as provided under Section 70302 of the One Big Beautiful Bill Act, also known as Public Law 119-21. One of the provisions reverses a requirement under the Tax Cuts and Jobs Act of 2017 to amortize research and development costs over five years starting…

FILE PHOTO: A general view of the field during the Yale Bulldogs vs Harvard Crimson football game at Harvard Stadium in Boston, Massachusetts. Adam Glanzman | Getty ImagesA new tradition for HBCU football could be starting at one of the nation’s oldest football stadiums on the campus of Harvard University.”It’s really a cultural event,” said Derek Brown, co-founder of the Essence HBCU Classic, an NCAA football game between teams of historically Black colleges and universities. This year’s inaugural match-up is between with the Morehouse College Maroon Tigers and the Johnson C. Smith University Golden Bulls on Saturday during Labor Day…