Economy & Recession

If GOP wins midterms to extend tax cuts. In Congressional Campaigns across America, Republicans have been stating that what the economy needs are the Trump Tax Cuts that were repealed by the Biden Administration, as the economy was a complete m... Read More

Gig economy income is reportable to IRS. The Internal Revenue Service in public announcement IR-2022-45, announced that and reminded taxpayers that gig economy income, virtual transactions, and foreign source income and assets are taxable asset... Read More

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 re... Read More

$900 billion will help but not cure economy. The economic recover, slowing for months, is in danger of going into reverse. That's why a growing list of economists, business lobbyists and other advocacy groups are urging lawmakers to rally around a... Read More

Fed calls on congress to boost economy. Federal Reserve Chair Jerome Powell warned Congress against being too cautious in providing more relief to the economy, saying the country has suffered during past recessions because policymakers failed to d... Read More

Stimulus needed due to faltering economy. An open letter signed by leading economic thinkers insists that a further COVID-19 stimulus package is needed this year, suggesting measures outlined in the CARES Act are still needed amid continued turmoi... Read More

How much money can we print. The Federal Reserve is creating dollars from scratch at an unprecedented rate, one of the man made tools to rescue the economy amid the coronavirus pandemic. In its frantic scramble to save the American economy, the ce... Read More

$1.4 billion in stimulus to the dead. More than a million Americans who had died received COVID-19 stimulus payments totaling $1.4 billion, a government watchdog said in a report to Congress. The finding is part of a sweeping review of the federal... Read More

Sharing economy tax ideas. So you have a house to rent---or maybe just a room, in the sharing economy. Or perhaps you'd like to pick up passengers in your car working for Uber or Lyft. Pursuing these types of business activities can be great sourc... Read More

Trade war may cause recession. If a recession is coming, what should we do ? Not what President Trump and his economists are thinking about. While there is no certainty that a recession is in the offing, a number of Wall Street economists see warn... Read More