CASE AGAINST TRUMP EXECUTIVE GOING ON

Case against Trump executive going on. Allen Weisselberg, Donald Trump’s executive in charge of the Trump organization’s day to day operations has tried to get out of a criminal lawsuit that has been going on for some time. Well, his time has run out. The Manhattan Judge overseeing the case declined to throw out the […]

WHO MUST PAY ESTIMATED TAXES IRS

Who must pay estimated taxes IRS. The IRS put out bulletin IR-2022-101, in an effort to help the public better understand who needs to pay estimated taxes, how to pay them, and when to pay them. Additional information beyond what is here, is available at the IRS website IRS.GOV Who must pay estimated tax. Individuals, […]

VIRTUAL CURRENCY AND YOUR TAX RETURNS

Virtual currency and your tax returns. When Covid hit and government spending went up, new sources of revenue were looked at by officials in government, to stem the deficit tide, and when the returns on Cryptocurrency went thru the roof, it drew attention to itself. Sen. Elizabeth Warren, and others started discussing regulating and then […]

STIMULUS PAYMENTS TO GO OUT IN DAYS

Stimulus payments to go out in days.  With plenty of practice sending relief payments to Americans, the federal government should be able to launch the delivery of $1400 checks almost immediately once Congress finalizes the new aid bill and President Joe Biden signs it, tax experts say. Some Americans might see relief as soon as […]

LAWMAKERS PUSH FOR HIGHER DEDUCTIONS

Lawmakers push for higher deductions. Under the Massachusetts Senate’s version of the state budget, some business owners could ultimately avoid the $10,000 cap on state and local tax deductions signed into law by President Trump in 2017. The questions now is whether key lawmakers, Gov. Charlie Baker and the rest of the Massachusetts Department of […]

TAX REFUND DELAYS CAUSE ANXIETY

Tax refund delays cause anxiety. Plenty of people file in February because they just can’t wait to get their hands on all that tax refund cash. They’re on edge about the size of their IRS tax refunds, and they’re far from alone. Roughly 60 million individual tax filers typically file a federal income tax return […]

TAXES AND THE 2020 ELECTION

Taxes and the 2020 election. The IRS could be forced to release President Trump’s taxes in the heat of the 2020 election. The administration is betting that it can drag out the coming case beyond next year’s elections. That could prove a bad strategy. President Trump’s bet that it’ll take years to resolve a coming […]