IRS SENDS 1.8 MILLION MORE CHECKS
IRS sends 1.8 million more checks. 1.8 million additional stimulus checks have been disbursed in the newest round of payments from the IRS, in total the third round of payments being 167 million, including add on payments for underestimated checks that were already sent out. Approximately $391 billion in stimulus payments have been sent so […]
DEMOCRATS HAVE COMPETING ISSUES
Democrats have competing issues. With the Presidential election in the rearview mirror, and the tax filing deadline now passed, the Democratic Party has found itself in a pickle as to whether to go it alone, or try to reach agreement with Republicans on multiple legislative issues confronting the nation. President Biden has stated, while running […]
FACT CHECKING BIDENS CLAIM
Fact checking Bidens claim. President Joe Biden has claimed that the proposals he has set forth don’t add a single penny to the National Deficit. Marc Goldwein, Senior Policy Director for the CRFB said that “it’s great” the administration aims to have the plans pay for itself but he would prefer a different timeframe. Historically, […]
FOES OF TAX INCREASE FACE INCREASE
Foes of tax increase face increase. Many Republicans who are opposed to Biden’s American Families Plan would have a large tax increase on several investments, including real estate investments, if the Congress approves the proposal for $1.8 trillion. President Biden’s American Families and Jobs Plan would be partially funded by rolling back the 2017 Tax […]
IRS OPTIONS FOR GIG ECONOMY
IRS options for gig economy. The IRS in memo IR-2021-97, reminded taxpayers in the gig economy and anyone claiming unemployment compensation in tax year 2020 of their options and how to meet tax filing and paying obligations. The Gig Economy refers to income earned providing on-demand work performing services or selling goods, including driving a […]
