TAX RETURN MYTHS PART TWO

Tax return myths part two. Several myths apparently exist regarding tax returns and what you can do to speed up the process of getting your tax refund. These are false and in fact some involve people calling the IRS, which only wastes the IRS time and clogs up the process for those with legitimate problems. […]

BIDENS TAX RULES AND REAL ESTATE IMPACT

Bidens tax rules and real estate impact. Both candidates have made all sorts of proposals on ways to change things from taxes to healthcare to the COVID-19 pandemic. Democratic candidate Joe Biden has proposed a change to the tax benefits for making 401 (k) contributions, so here’s a rundown of what the change would be […]

BILLIONAIRE INVESTOR EVADES TAXES

Billionaire investor evades taxes. Billionaire Robert F. Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist lauded for paying off the student debt of Morehouse College’s entire graduating class last year. But federal prosecutors undercut that image by saying Smith concealed income […]

TAXING BILLIONAIRES TO FIGHT COVID

Taxing billionaires to fight covid. The idea of taxing the ultra-wealthy to cover the immense cost of fighting the coronavirus pandemic has gained steam in recent weeks. Not only would a wealth tax have to get through both Houses of Congress–it would have to withstand a battle in front of the Supreme Court. The IRS […]

VIRUS ACT FREEZES STUDENT LOAN PAYMENTS

Virus act freezes student loan payments. One of the less discussed benefits in the CARES Act is assistance for those with federal student loans. But unlike other programs in the stimulus legislation, no application is required. The law doesn’t cancel student debt, but it does freeze payments–and their interest–for everyone who has a federally held […]