ADDITIONAL MEASURES TO CURE IRS BACKLOG

Additional measures to cure IRS backlog. During the initial Covid lockdown, the IRS and other government agencies, along with households and private industry, were all locked down for the first six months. The IRS is still recovering from that initial lockdown. In the beginning, estimates ranged that the IRS had fallen behind in processing between […]

SUPPLY CHAINS TO SHIFT UNDER BIDEN

Supply chains to shift under biden. Companies plan to continue moving supply chains out of China regardless of who the winner of the election would have been. But now the President elect Biden is the winner, they will continue the move out of China. “Covid really put a spotlight–on supply chain risk.” While investment in […]

IRS TAX RELIEF FOR HURRICANE LAURA

IRS tax relief for hurricane Laura. Updated September 9th, 2020: This has been updated to include Morehouse and Union parishes. Updated September 2nd, 2020: Tohis has been updated to include grant, Jackson, Lincoln, Natchitoches, Rapides, Sabine, and Winn parishes. From IR-2020-197  Victims of Hurricane Laura that began August 22nd now have until December 31st, 2020, […]

STEALTH BAILOUT GIVES MILLIONS TO BIG OIL

    Stealth bailout gives millions to big oil. As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then it asked a bankruptcy Judge to authorize the same amount as bonuses to nine executives. […]