News & Perspective

Changes to earned income credit. These changes may mean more people will qualify for the credit. New for taxpayers this year is a provision under the Taxpayer and Disaster Tax Relief Act of 2020 that allows taxpayers to use their 2019 earned incom... Read More

Ministers back deterring tax havens. With the economic fallout form the COVID-19 pandemic slowly receding, and the world's economies slowly trying to get back to normal, the world's finance ministers are trying to find ways to find more revenue... Read More

Cobra premium assistance credit. In our ongoing coverage of all the changes to the tax codes, not just the past ones with former President Trump, but the new ones with President Biden, we are going to take a look at another aspect of the Ameri... Read More

Tax provisions in the american rescue plan. Retroactive tax benefits help many people now preparing 2020 tax returns. The Internal Revenue Service stated that an overview of some of the key provisions in the American Rescue Plan included advanc... Read More

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 t... Read More

Fifteen percent global tax. The Biden administration is proposing a global minimum tax of at least 15% as it looks to level the playing field and stop what Treasury Secretary Janet Yellen has called the "race to the bottom". However, the Treasu... Read More

Over a million payments made. The Internal Revenue Service stated that under the American Rescue Plan, over one million payments have been made, for a total of nearly 164 million payments. This was due to the Covid-19 pandemic and the economic ... Read More

Seven trillion in uncollected taxes. That's according to Treasury Secretary Janet Yellen. That's the amount over a decade of time that is being uncollected. Her remarks reflect the White House's resolve to collect taxes from high earners and b... Read More

Federal aid will hurt tax cuts. A condition attached to $350 billion in relief for state and local governments by the American Rescue Plan, P.L. 117-2---that states may not use the money to offset their own tax reductions---may prove problematic, ... Read More

States cannot use aid for tax cuts. After large stimulus measures were passed by Congress, several Republican Attorney General's filed suit to try to allow those particular states to use the money to implement tax cuts. One of the arguments used w... Read More