Business

Retired? Here’s when the IRS might take a closer look at your finances

American retirees may be done with their working careers, but they may still face the scrutiny of an IRS audit if their tax return raises red flags. Data from the IRS shows the tax collection and enforcement agency has conducted audits on fewer than 1% of individual tax returns in recent years. In…

Major grocery chain closes more stores, cuts jobs as post-merger fallout deepens

Albertsons is closing additional stores and cutting jobs nationwide as it works to stabilize operations following the collapse of its $24.6 billion merger with Kroger, intensifying pressure on the grocery chain. The Boise, Idaho-based company — which operates banners including Safeway, Vons and Pavilions — has announced a new round…