IRS PREPARING TO BARCODE TAX RETURNS

IRS preparing to barcode tax returns. Due to the backlog of unfiled tax returns, which is a byproduct of not just the Covid lockdown at the IRS, but the fact the agency has not been given enough funding the last few years, which is now being reversed by President Biden. The National Taxpayer Advocate who […]

IRA CONTRIBUTIONS UP UNTIL APRIL 18TH

IRA contributions up until April 18th. With the Covid pandemic causing upheavals in the life of people all over the globe, and here in the U.S., keeping up on things has become more stressful. With two tax code changes under former President Trump and now President Biden, the need to keep up on some basic […]

TAX RAMIFICATIONS OF LEASE MODIFICATIONS

Tax ramifications of lease modifications.  You need a haircut, badly, but you were momentarily thinking that there might be silver lining to the lockdown. With the salons shut, your teenage daughter can’t spend hundreds of dollars getting her hair dyed blue. But as fate will have it, she got hold of a supply of the […]

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 […]

TAX RECORDS & DISASTERS

Tax records & disasters. Tax records are vital if you want to recover from a Natural Disaster. I know, as I have spoken to dozens of victims of natural disasters over 28 years in the Tax Resolution Services industry. One common denominator among all of those victims is this, the taxpayers who planned ahead, and […]

TAX CODE REFORM FOR HALLOWEEN

Tax code reform for halloween. Tax reform. Not just for the 1%, but for the real drivers of economic growth, small business owners. To do that, President Trump will have to compromise. Tax code reform for halloween. If a lesson exist from the first nine months of a tumultuous start to say “That going to […]