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The Internal Revenue Service has provided a safe harbor for certain kinds of trusts enabling them to stake their digital assets without jeopardizing their tax status as investment trusts and grantor trusts for federal income tax purposes.  Revenue Procedure 2025-31 describes the safe harbor, but offers a limited time period for an existing trust to amend its governing instrument to adopt the necessary requirements.Staking is a way to lock digital assets to a particular blockchain network to earn rewards or interest. Proof-of-stake is a type of consensus mechanism in which validator node operators commit or “stake” digital assets to become eligible…

Streaming fans have a new headache.Besides price hikes and password-sharing crackdowns, media companies have found another way to make streaming more profitable: cutting back on free trials.Paramount+ is the latest streaming service to retire its free trial, following the lead of rivals like Netflix, Disney+, and HBO Max. The move comes as Paramount Skydance’s flagship streamer approaches profitability, after growing its subscriber base 10% to 79.1 million in the third quarter.While free trials can juice a streamer’s growth, they allow binge-watchers to plow through content and cancel before becoming a paying customer.Paramount Skydance CEO David Ellison said he wants to…

Texas has welcomed a number of residents from less affordable parts of the country looking to get more for their money — and they may be on to something. Texas is becoming more than just a temporary escape from high costs on the way to homeownership; many of its cities can actually retain residents thanks to other assets that extend beyond sheer affordability.WalletHub ranked 300 cities based on two key dimensions: its real estate market and its affordability and economic environment. A total of 17 relevant metrics were examined to determine not only an area’s potential for a home’s value…

After delaying a rule requiring high-income 401(k) savers aged 50 or older to make catch-up contributions in Roth accounts, the IRS has signaled that it will take effect starting next year.That gives financial advisers working with 401(k) sponsors or clients earning more than $145,000 less than two months to ensure a Roth account is available and help those clients decide whether to contribute to it, noted Jay Cirame, vice president of ERISA consulting at Sentinel Group, a Wakefield, Massachusetts-based registered investment advisory firm. The IRS confirmed in September that traditional 401(k) plan catch-up contributions will no longer be available for…

When I packed up my New York apartment for the last time, it wasn’t just a physical move. I was going through a profound emotional shift, a decision to rethink what success meant to me.A year prior, I had moved from Dallas to chase a dream editorial role, believing that life in the city would be the ultimate marker of success. But after a sudden layoff, the skyline that once inspired me started to feel like a cage.I was grieving not just my career but also my soul dog, who had passed away while we were living in the city.…

Compliance solutions provider Sovos announced expansions to its AI platform, including features such as product tax code classifications for sales and use taxes and data mapping. The new Global Tax Determination feature uses AI to analyze  product attributes from ERP and e-commerce systems such as SAP, Oracle and NetSuite to suggest the correct product tax codes with confidence scores, so the team only reviews edge cases while high-confidence classifications process automatically. The VAT Filing Services feature automatically maps source data to compliance ready formats, eliminating manual file mapping. When the data structure changes or regulations require new fields, users can update…

The US government shutdown is gutting hotel bookings.The hotel industry is estimated to have missed out on more than $1.2 billion in revenue since the start of the shutdown, with about 186,000 rooms sitting empty every night, according to new research. The prolonged shutdown — the longest in US history and now in its sixth week — is estimated to cost the industry about $31 million per day in activity that would typically be generated by hotel stays.This analysis was put together by hospitality platform OysterLink and is based on data from the American Hotel and Lodging Association (AHLA), a…

2025-11-11T16:13:48.740Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I moved to New York City after nearly a decade living in both South and North Florida. I was surprised by aspects of New York City, such as rent, public transit, and career opportunities. The vibrant neighborhoods, endless activities, and diverse communities make the city worth it. This summer,…

A board shows two cancelled American Airlines flights and three on time at Logan International Airport in Boston, Massachusetts, U.S., Nov. 7, 2025. Brian Snyder | ReutersFlight disruptions that have marred air travel for millions of people in recent weeks could continue even after the government shutdown ends, airlines and the secretary of Transportation said.The Senate on Monday night passed a bill that could end the longest federal government shutdown in history, sending it to the House for a vote.But Transportation Secretary Sean Duffy said Tuesday that won’t be an immediate fix.”We’re going to wait to see the data on…

Written by Samantha Gelinas, research and insights manager at GoogleThe 2025 holiday season is already in full swing, and your customers aren’t waiting. They’re entering this season cautious but decisive. Initial consumer forecasts suggest that spending will remain stable, with Americans planning to spend an average of $1,007 on gifts — a historically elevated figure that may translate to strong 4% to 5% growth in holiday sales.1 In fact, as of mid-October, 40% of shoppers are “absolutely certain” about the gifts they need to buy, a significant increase from 32% in 2024.2This means that demand is queued up and ready…