INFLATION MAKES NEW CALL TO TAX RICH

Inflation makes new call to tax rich. The Davos summit of the rich and powerful did nothing to restore the confidence and trust of the masses. After dealing with the problems of Covid, then having inflation rear its ugly head higher than the last 40 years, people are looking to restore the tax system to […]

IRS BEHIND NEARLY 17 MILLION TAX RETURNS

IRS behind nearly 17 million tax returns. The IRS has seen the problems due to Covid and the government shutdown now have a serious impact on the 2022 filing season, as they still have to grapple with getting back unfiled tax returns form the previous two years completed. Angry taxpayers expecting tax refunds, will have […]

IRS ADDING 10,000 TO CATCH UP TAX RETURNS

IRS adding 10,000 to catch up tax returns. The IRS intends to use an expedited hiring process to hire about 10,000 workers for processing tax returns and managing taxpayers accounts, according to a union that represents employees in the Service and other federal agencies. The National Treasury Employees Union (NTEU) National President Tony Reardon said […]

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 […]

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 […]

THE FLORA RULE NEEDS REFORM

The flora rule needs reform.Taxpayers have the right to appeal a decision of the IRS in an independent forum. This rule which was named after a 1960 U.S. Supreme Court case, limits access to judicial review by those who cannot fully tax their taxes. 28 U.S.C. Section 1346 (a)(1) authorizes a taxpayer to file suit […]

TAX REFUNDS THIS WINTER UNLIKELY

Tax refunds this winter unlikely. It’s unfortunate that the IRS has been furloughed, because an awful lot of low income households rely on the Earned Income Credit to help them get through the winter. With the holidays behind them, millions of americans are putting a new priority on the calendar: getting caught up on the […]