The IRS began the year with a backlog of 4.7 million original individual returns, 3.2 million original business returns and 3.6 million amended returns.

The tax-filing season for businesses will begin on January 12, but the IRS has not yet announced the opening date for individual filers. Last year, the tax-filing season began on January 24.

A ray of hope arrived too late for struggling SPACs that were forced to liquidate at a record pace last month.

Players of the Mega Millions game may be dreaming about what they could do with an extra $785 million, the game's current jackpot amount.

Ending the year with a $640 million windfall would be an incredible way to finish off the year.