WHO REALLY GETS CREDIT FOR REVENUE BOOM

Who really gets credit for revenue boom. In the last few years it seems everything turned from ok to really bad. The economy turned downward during Covid lockdowns, then it looked like things were turning around after that first winter of Covid, then summer and increased Covid, then more lockdowns and a slower economy. Along […]

PANDORA PAPERS REVEAL TAX SCHEMES

Pandora papers reveal tax schemes. The Pandora Papers, and prior to that, the Panama Papers, have revealed a worldwide conspiracy by the world’s richest individuals, celebrities, politicians, and sports figures, to hide assets and income, in offshore bank accounts, trust accounts, and dubious corporate entities used exclusively to hide assets and the reporting of those […]

BIDEN TO PAY FOR ALL PROPOSALS

Biden to pay for all proposals. President Joe Biden has stated that he intends to pay for all of his spending proposals by increasing the taxes on the wealthy and on Corporate America, which is exactly what he said when he ran for the Presidency. Even though the extent of his proposals seem a bit […]

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 […]

NEW IRS LEVY LAW CHANGE

New IRS levy law change. The IRS has passed new guidelines for the new IRS levy law change. Individuals and businesses have more time now to file an administrative claim or to bring a civil action for a levy or asset seizure that was outside legal parameters, according to the IRS. When the IRS levy […]