THE SUPPLY CHAINS AND TAX PROFESSIONALS

The supply chains and tax professionals. With Covid, the Ukraine war, and lockdowns in major industrialized nations, is it any wonder the supply chain has been disrupted. Almost every industry worldwide has been impacted. These quick changes have shown that the supply chain, a complex and technical area, isn’t just for specialists. It’s a subject […]

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. […]

TREASURY EQUITY ACTION PLAN PART TWO

Treasury equity action plan part two. The Treasury and IRS are looking at ways to to make the tax system better, and fairer to taxpayers. They have started the “Equity Action Plan: One Year Progress Report”, which will detail the progress on the plan. The data will then be used to validate statistical studies at […]

IRS ISSUED 70 MILLION TAX REFUNDS

IRS issued 70 million tax refunds. With the the April 18th, 2022, tax deadline for most taxpayers now past, the IRS issued a statement saying it has already issued over 70 million tax refunds from filing of tax returns this year. That is from an estimated 103 tax returns that it had received as of […]

IRS FORGETS USING FACIAL RECOGNITION

IRS forgets using facial recognition. In the aftermath over the January 6th attack on the Capital, and the outcry over government intervention and intrusion into the lives of American citizens, the IRS has given up for now on the IRS facial recognition technology it was thinking of using. It seems other reasons also were voiced […]

WILL RICH SUPPORT BIDEN TAX INCREASE

Will rich support biden tax increase. President Joe Biden ran on a platform of raising taxes for anyone who earned dover $400,000 a year. And he was elected President of the United States of America, validated by dozens of court cases across the entire country. The shift in sentiment regarding taxing the rich is in […]

WHO ARE REPUBLICANS FIGHTING FOR

Who are republicans fighting for. The battle over President Biden’s economic plan may undermine the Republican Party’s attempt to rebrand itself as the party of the working class. Trump’s presidency, the pandemic relief bills and recent GOP policy plans have all helped Republicans cement gains among working class voters. But Biden’s plan to raise taxes […]

TEXAS BILLIONAIRE BIGGEST TAX FRAUD CASE

Texas billionaire biggest tax fraud case. Robert Brockman was so concerned that the IRS would catch him, that he had his offshore money man travel to the states, to destroy paper evidence and electronic media, using shedders and hammers. Eventually prosecutors caught up to him and his decades long tax fraud scheme, the biggest in […]

THE RED HOT DIGITAL TAX DISPUTE

The red hot digital tax dispute. In the Ron Howard film, A Beautiful Mind, Russell Crowe plays troubled math genius John Nash. In one famous scene, Nash and his male friends are in a bar when in walks a group of women. Nash realizes that if all members of his crew compete for the most […]

DEMOCRATS TO TAX PROFESSIONALS

Democrats to tax professionals. Much of the Democratic race has focused on taxes aimed to reduce inequality and fund progressive goals on health care and other goals of the Democrats, including increasing taxes on the ultra wealthy, but also millions of high income workers. For these people, many of them affluent professionals in Democratic strongholds, […]