ADDITIONAL MEASURES TO CURE IRS BACKLOG

Additional measures to cure IRS backlog. During the initial Covid lockdown, the IRS and other government agencies, along with households and private industry, were all locked down for the first six months. The IRS is still recovering from that initial lockdown. In the beginning, estimates ranged that the IRS had fallen behind in processing between […]

REPUBLICANS AND DEMOCRATS AT ODDS

Republicans and Democrats at odds. It seems that one of the biggest differences of opinion between Democrats and Republicans is over funding the IRS, to collect more money to stem the deficit and to catch the Tax Cheats that the Pandora Papers and Panama Papers outlined in recent years. It seems like the rich, who […]

GIG BILL DISGUISED AS FREEDOM BILL

Gig bill disguised as freedom bill. Most all of the Gig workers, especially those who are driving Uber, Lyft, Door Dash, are people who are not making much per hour, after you determine the expenses and wear and tear on the vehicle they operate. In fact, those companies keep the large majority of profits of […]

WHO SHOULD GET CREDIT FOR ADDED REVENUE

Who should get credit for added revenue. In politics everything is relative. Whenever the economy is doing well, the party in power wants to take credit for it, even though the policies from the prior Administration may have started it on its way. When things go bad, its obviously the minority parties’ fault for not […]

FAIR LABOR STANDARDS ACT

Fair labor standards act. The U.S. Department of Labor issued a final rule, Independent Contractor Status, under the Fair Labor Standards Act, to clarify the standard for determining whether a worker should be considered an employee or an independent contractor. The new guidelines are to take effect March of 2021. Officials said the rule would […]

IRS TAX RELIEF FOR HURRICANE LAURA

IRS tax relief for hurricane Laura. Updated September 9th, 2020: This has been updated to include Morehouse and Union parishes. Updated September 2nd, 2020: Tohis has been updated to include grant, Jackson, Lincoln, Natchitoches, Rapides, Sabine, and Winn parishes. From IR-2020-197  Victims of Hurricane Laura that began August 22nd now have until December 31st, 2020, […]

NEW STIMULUS MAY HAVE MORE THINGS

New stimulus may have more things. Whether or not Congress approves another round of stimulus checks with its next economic rescue bill–and it’s certainly looking like lawmakers will send out new direct payments–the new coronavirus aid act may offer additional benefits that could help you weather the current financial crisis. And we don’t just mean […]