WILL CONGRESS TAX CRYPTO
Will congress tax crypto. With the large stimulus proposals passed by both the Trump and Biden administration’s, its apparent that the deficit has grown enormously during the Covid health crisis. Even though this is a once in a century event, and usually government intervention is needed for such things, economists have put out warnings about […]
IRS CRACKDOWN TO GET REVENUE
IRS crackdown to get revenue. With the Biden Administration spending so much to combat the impact of the economic disaster from the Covid health crisis, one part of the plan has been to infuse the Internal Revenue Service with more funds, to go after those who owe back taxes and those who have not filed […]
GOP UNITED AGAINST BIDEN
GOP united against Biden. Republicans in Congress are united in opposing President BIden’s $6 trillion budget and instead are suggesting that his Covid relief bill is stalling the economic recovery, by allowing people to stay home and not go to work. They suggested that months ago, prior to the development and distribution of the vaccine, […]
REPUBLICANS FACE TAX INCREASES
Republicans face tax increases. Opponents of President Biden’s sweeping tax overhaul and planned increase in the tax rate for high income individuals and corporate America, will face large tax increases themselves. And so the question that never is asked, is this a conflict of interest for a sitting member of Congress to vote on a […]
IRS OVERVIEW OF AMERICAN RESCUE PLAN
IRS overview of american rescue plan. The Internal Revenue Service has provided key aspects of tax provisions in the American Rescue Plan, and is urging taxpayers with children to file returns quickly for payments of the Child Tax Credit. Several provisions impact the 2020 tax return people are filing out this tax season, including one […]
