COURT HOLDS CLAIMS NOT FILED
Court holds claims not filed. The Court of Federal Claims held that taxpayers failed to duly file refund claims: the IRS could not waive the statutory taxpayer signature requirement, and therefore, the court lacked jurisdiction over the taxpayers complaint. George and Ruth Brown filed joint federal income tax returns for 2015 and 2017. The Browns […]
REPUBLICANS TRYING TO REBRAND
Republicans trying to rebrand. For years the Republican party has been viewed through the prism of the party of Wall Street and the wealthy. Championing tax cuts, defense spending, and cutting Social Safety net programs. Then cam Trump and his promise to help rebuild the working class. After giving 90% of the tax cuts in […]
CLOSING THE RICH TAX LOOPHOLES
Closing the rich tax loopholes. In paying for the spending proposals that President Biden wants, closing loopholes designed to allow the rich to avoid paying federal income tax is one of the pillars of the plan. To do this, Biden has proposed increasing the IRS budget by $80 billion, with an estimate that it will […]
AGGRESSIVE IRS AFTER TAXPAYERS
Aggressive IRS after taxpayers. After years of being under funded by Congress, and with mounting federal budget deficits, Congress, spurred on by the Biden Administration, has finally beefed up funding at the IRS to levels not seen in several decades. What that means for taxpayers is that the IRS will be conducting more audits, not […]
WILL RICH SUPPORT BIDEN TAX INCREASE
Will rich support biden tax increase. President Joe Biden ran on a platform of raising taxes for anyone who earned dover $400,000 a year. And he was elected President of the United States of America, validated by dozens of court cases across the entire country. The shift in sentiment regarding taxing the rich is in […]
