INTUIT TAX COMPANY COMMITTED FRAUD

Intuit tax company committed fraud. According to the New York Attorney General’s Office, nearly four million people will receive a check from Intuit for a tax service they used to file taxes online this least year, thinking they were getting a “Free Version” of the software, but then were not able to actually get a […]

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 […]

WHY MANY RICH BACKING UP BIDEN

Why many rich backing up Biden. It has been a long held idea that most rich people generally support Republicans due to the fact that Republicans want lower taxes and Democrats spend more on social programs. And for some time that was true. Republicans since Ronald Reagan sold the idea that trickle down economics was […]

HOW MILLIONAIRES TAX HELPS MIDDLE CLASS

How millionaires tax helps middle class. Coronavirus infection levels are climbing all around the country again. As more and more Americans stay home to avoid infection, those rising infection rates will likely bring with them another serious economic downturn, just like they did in the spring. The drop in consumer spending will harm the bottom […]

SEATTLE FREEZES PAYROLL TAX DEBATE

Seattle freezes payroll tax debate. The Seattle City Council has suspended its consideration of a proposed payroll tax. City Council president M. Lorena Gonzalez (D) noted that a proclamation by Washington State Gov. Jay Inslee (D) limits the topics that public bodies such as the city council can take action on during the pandemic to […]

CONGRESS APPROVES IRS REFORM BILL

Congress approves IRS reform bill. After years of under funding the IRS, last fall the IRS decided to start providing the IRS with funds to increase the Collection Activities of those who have fallen behind on back tax debt. It seems that after years of government cutbacks, Congress finally realized that the IRS is one […]

HOW MUCH MONEY TO FIX SOCIAL SECURITY ?

How much money to fix Social Security ? Many different proposals have been put on the Political Table over the years to fix the coming Social Security shortfall, but the reality is that neither party wants to be the party that cuts benefits for fear of a political backlash. Even Republicans have a hard time […]

IRS INCOME CALCULATOR GREAT TOOL

IRS income calculator great tool. Families, and businesses can use to calculate how much tax they will owe the IRS. The IRS is urging two income families and those who work multiple jobs to complete a “paycheck checkup” to verify that they are having the right amount of tax withheld from their paycheck every month. […]

GOP CUTTING TAXES ?

GOP cutting taxes ? The GOP is supposed to be really good at cutting taxes. President George W. Bush cut taxes. So did President Roanld Reagan, though he also raised them. So why are Republicans now struggling mightily to reach a consensus on how to overhaul the nation’ tax system ? And why is President […]