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If Santa brought you cash this holiday season, the IRS might have a less exciting present of its own for you in April. Three tax pros share tips for knowing whether your holiday haul might turn into a lump of coal this tax season — and what to do about it.Cash giftsIf a friend or family member gave you a check in December, you probably don’t have to pay taxes on it. “If you get cash from anyone as just a gift with no expectation of anything in return, it’s never taxable to the recipient,” says Kristie DeLuca, a certified public accountant and partner at Samet & Company in Chestnut Hill, Massachusetts. The giver might have to do some extra paperwork at tax time, though.What might happen: The giver might have to file a gift tax return if the gift was more than ,000. The good news is that sizable IRS annual and lifetime giving exclusions mean the giver doesn’t necessarily have to pay an actual 923

Hong Kong descended into scenes of chaos Sunday night, after riot police fired tear gas and rubber bullets at protesters, and a mob armed with batons 162

Federal prosecutors are conducting a criminal investigation into Facebook's data sharing deals with a number of large technology companies, according to 165

Hardline Brexiteer Boris Johnson has won the UK's Conservative Party leadership contest and will take over from outgoing Prime Minister Theresa May when she steps down on Wednesday.Johnson, a former Mayor of London and British Foreign Secretary, was officially named the new Tory leader on Tuesday, beating his rival Jeremy Hunt in a ballot of party members.The leadership vote was triggered after an embattled May was forced into resigning after losing the support of her cabinet, many of whom were fed up with her inability to secure the UK's departure from the European Union (EU).As prime minister, Johnson, 55, will inherit the same problems of a deeply divided Parliament -- and nation -- when he assumes the role.Throughout his leadership campaign, Johnson was vocal about his willingness to exit the EU without a deal, pledging to leave "do or die" on October 31, the latest deadline for the UK to depart the bloc.He said that he'd be willing to force Brexit through on that date by suspending Parliament, if he's unable to negotiate a new exit deal with EU officials.The EU has said there is no chance of reopening the Withdrawal Agreement, the deal that May made with the bloc in 2018 but which has failed to satisfy both the Europhile and Euroskeptic wings of both the Tory party and Parliament.While Johnson's stance on Brexit have defined his leadership bid, his incendiary remarks on religion and race have sparked criticism about his character.Writing in his weekly column in the British newspaper the Daily Telegraph last August, he likened Muslim women wearing veils to "letter boxes" and "bank robbers."Earlier this month, he faced new accusations of Islamophobia after claiming in a newly-unearthed 2007 text that Islam left Muslim countries "centuries behind" the Western world.Previously, Johnson called people from the British Commonwealth "flag-waving piccaninnies," referred to the " 1919

Getting from here to there is becoming increasingly more sustainable, in part, by electric cars.“All the cars are getting electrified,” Don Hillebrand, with the Advanced Powertrain Research Facility at Argonne National Labs in Illinois, said. “The minivan and the middle of the road sort of cars and the trucks.”By 2040, more than half of new car sales and a third of all cars on the road across the world are projected to be electric, according to Bloomberg.com.But it raises an important question.“What do you do with these batteries at the end of their life?” Linda Gaines said. Gaines is the chief scientist for Recell Center of Advanced Battery Recycling.“For a long time a lot of us looked at electrification sort of as hype,” Hillebrand explained.Hillebrand works at Argonne National Labs in the energy systems division, focusing on optimizing how energy is used. He sees one big problem in the creation of electric car batteries. “There are not enough fundamental elements that go into batteries for us to make all the batteries we need forever and throw them away when we’re done,” he said.Meaning these elements need to be reused. “The early batteries from 10 years ago are hitting the end of their life,” he said.The global stockpile of these batteries is expected to exceed 3.4 million by 2035, compared to 55,000 in 3018, according to the Institute for Energy Research. Once the battery loses 20 to 30 percent of its capacity, the available driving range gets shorter, so some companies are using them for other purposes.Florida Power and Light is using them for power storage, and Nissan is reusing old Leaf batteries to power Japanese street lights.These companies are repurposing, but researchers think another fix could come in the development stage.“After 10, 15 years, those batteries are going to reach the end of life and we have to do something with them,” Venkat Srinivasan, a battery scientist at Argonne National Labs, said. “We think there are ways in which we can make these batteries last more than 20 years.”And that’s exactly what’s being done inside this facility. The lab he works in is looking into ways to make batteries last longer. But for now, the main focus is on giving them a second life by recycling.“The biggest challenge today in recycling batteries is they’re not economic,” Venkat said.That's where the Recell Battery recycling center and other recycling businesses come into play.“If you can recover the materials in the battery in a usable form,” Linda Gaines explained. “You can actually recover valuable product.” This includes cobalt and other elements. Linda Gaines and Jeff Spangenberger are part of this center. Their goal is to come up with a recycling process that’s profitable.“Some things take more energy and resources to recycle then it did to make them in the first place,” Gaines said. “So, when you’re looking at the whole life cycle of the product, you need to try to figure out what the benefits are and what the costs are to recycle.”To understand size, one pouch cell in an electric car battery is about the size of a tablet. In the generation 1 Chevy Volt there are 288 pouch cells in one battery.Cars have become the biggest user of lithium ion batteries -- even more than consumer electronics, the Institute for Energy Research said.While Recell is looking into ways to make the recycling process more beneficial and profitable, Larry Reaugh with American Manganese, Inc. is doing something similar. “That’s where we come in, we want the battery packs,” Reaugh said. With their process, they are able to recover the elements inside the battery, comparing their operation to a small operating mine.“There’s a lot of money in it, because it’s very valuable material,” he said.As more batteries retire, companies like this will become more important.“There’s a trickle of batteries that are being recycled right now, but there’s gonna be an avalanche of batteries coming in the next 5 to 10 years as cars hit the end of their life,” Hillebrand said. 4027