STEVE BANNON SAYS TO TAX THE RICH

Steve Bannon says to tax the rich. Steve Bannon demanded that the U.S. increase its taxes on the wealthiest Americans, arguing that the current situation is “absurd” and that the country is “being scammed” by multibillionaires. The Ex-senior counselor to former President Trump went on a rant against tax avoidance by the nation’ wealthiest people […]

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 […]

JOE BIDEN VERSUS BERNIE SANDERS ON TAXES

Joe Biden versus Bernie Sanders on taxes. While the Democratic candidates seem to be pared down really to two viable candidates, the tax stances on these two are widely different, based upon the vision of each for the country and economy. While both have the country’s best interests at heart, how they achieve that, and […]

GETTING READY FOR YOUR 2019 TAXES

Getting ready for your 2019 taxes. The Internal Revenue Service urged taxpayers to act now to avoid a tax time surprise and ensure that they have smooth processing of their 2019 federal tax return. The IRS urges everyone to use the tax withholding calculator to perform a paycheck or pension income checkup. This is even […]

TAX CONSEQUENCES OF S CORP TO C CORP

Tax consequences of s corp to c corp. We have had numerous clients of the last 30 years who have had tax debts because they either made the wrong status election upon the opening of the business, or because they then went from a c corp to an s corp, or vice versa, without truly […]