Liking Facebook’s IPO Could Be Problematic For Retail Investors

Liking Facebook’s IPO Could Be Problematic For Retail Investors: The buzz over Facebook’s forthcoming IPO has been propelled at least in part by retail investors hoping for a piece of the social media giant’s predicted $75 billion to $100 billion valuation.

But when the company’s stock eventually hits trading floors, Facebook fans who want to get in on the company’s initial public offering are likely to feel as left out as the Winklevoss twins.

Google’s 2004 IPO was conducted via a complicated auction process intended to level the playing field between big trading firms and the little guys. Absent such an arrangement, the advantage tends to go to the players with the most trading volume and money.

By the time your average online brokerage customer can get his or her hands on a stock like Facebook, it’s probably going to already be on an upward trajectory. And those investors hoping to buy on a dip should think twice.

Last year’s spate of tech IPOs saw the stock of companies such as LinkedIn and Zynga put on an initial bounce before stabilizing. However, the hype surrounding Facebook’s IPO has been building for so long that the stock price could stay elevated for longer than other recently debuted tech stocks, analysts say. Continue Reading…

12 IRS Audit Flags For 2012

English: United States Internal Revenue Servic...

12 IRS Audit Flags For 2012: “IRS audit” is one of most-feared phrases in the English language. While the chance of being audited is pretty low (about one in 100), the chance of being touched by the IRS is on the rise, according to my colleague Kathy Kristof. You may be one of the unlucky two percent of taxpayers who are subjected to random audits, but most IRS inquiries arise for specific reasons. Here are the 12 audit flags for 2012. Remember, many of these are legitimate — just make sure that you have all supporting documentation in case the IRS calls.

1. Not reporting income: Whoops — forgot about that consulting gig? The IRS receives copies of all 1099s and W-2s you receive, so make sure you report all income on your return. If you receive an incorrect 1099, talk to the issuer and make sure that a corrected form is filed with the IRS.

2. A large change in income: The IRS computers have all of your historic data, so when there’s a big change from the previous year, it can trigger a red flag.

3. Being self-employed: Self-employed workers take note: The IRS doesn’t trust you, because so many of you are trying to game the system by under-reporting income and overstating deductions. This class of taxpayer must be well-prepared to defend all deductions and credits. Continue Reading…

SAG Awards 2012 Red Carpet The Best And Worst Dressed

SAG Awards 2012 Red Carpet The Best And Worst Dressed: The Screen Actors Guild Awards were a pretty average (read: dull) affair, with no host to make everyone uneasy, no uncomfortable acceptance speeches (except those “Modern Family” kids) and no Michael Fassbender for George Clooney to make PG-13 rated jokes about.

There was slightly more excitement on the fashion front, where the women of the SAGs delivered looks that wowed, disappointed and maybe raised an eyebrow or two. Here’s a rundown of the 10 best and five worst looks from the SAG Awards red carpet. 10 Best & worst Dressed & Looks…

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Shaun White in Utah (2008)

Shaun White Stoked To Be Back In Slopestyle: He is every bit as polished in a boardroom as he is on a snowboard – a meticulous caretaker of both his image off the snow and his reputation on it.

And yet, here’s what Shaun White had to say about his return to slopestyle at last year’s Winter X Games: “I don’t want to say I did the ‘human’ move. But I was like, ya know, if I go out there, I’m gonna get owned.”

He went out there, and, yes, it all went down exactly the way he expected.

Unprepared after taking two years off to focus on his Olympic halfpipe routine, the world’s most famous snowboarder looked like an impersonator wearing a red wig as he rode across those rails.

He finished 13th out of 16, didn’t qualify for finals and, by the end of a day that seemed to turn snowboarding on its head, White, of all people, was eliciting sympathy from those other riders who did, in fact, own him.

For a day at least,

That day marked Day 1 of the push to the Sochi Olympics, where slopestyle will make its debut, two years from now. One important stopping point on that road comes Friday, when White heads out for preliminaries of the 2012 X Games with a bag of new tricks. Continue Reading…

Shaun White Stoked To Be Back In Slopestyle

Trisomy 18 Rick Santorum’s Daughter Bella Has Genetic Disorder

Trisomy 18 Rick Santorum’s Daughter Bella Has Genetic Disorder: This weekend, Rick Santorum left the campaign trail to be with his 3-year-old daughter, Isabella, who was hospitalized with pneumonia. Fortunately, Bella made what Santorum called “a miraculous turnaround,” and the former Pennsylvania senator resumed his campaign for the 2012 Republican presidential nomination on Monday. However, Bella’s condition remains a constant point of worry for the Santorum family.

Bella has Trisomy 18, a genetic disorder that gives her an extra copy of the 18th chromosome. According to the Trisomy 18 Foundation, the extra chromosome can cause life-threatening abnormalities in the heart, brain, stomach and other internal organs.

There is a very high mortality rate for infants born with the disorder — about 50 percent of babies carried to term are stillborn, and less than 10 percent will reach their first birthday. Females are about five times more likely than males to be live-born. A small number of individuals (mostly women) with Trisomy 18 have reached their 20s and 30s. Continue Reading…