GIG WORK TAX BILL AND STATUS AT THE IRS

Gig work tax bill and status at the IRS. A bill was introduced into the U.S. House of Representatives, that would amend the current labor law in the United States, to establish a new classification for gig workers, denying them the right to a minimum wage and other employment protections. Called the “Worker Flexibility and […]

IRS AUDITS FOR RICH TURNING AROUND

IRS audits for rich turning around. With the revelations in the Panama Papers and Pandora Papers of the rich, sports figures, and the world’s politicians using abusive tax shelters to hide billions of taxable dollars from the world’s governments, along with the increasing income inequality in the world, the governments of the world and in […]

ELEVENTH CIRCUIT RULING ON FORMULA

Eleventh Circuit ruling on formula. In our ongoing coverage of Tax Court cases, we focus on the case of a easement contribution to Pelican Coast Conservancy by David Hewitt, and whether it adhered to rules that would allow the deductions claimed by the Hewitt’s as reported in the records of the case. The Eleventh Circuit […]

SUPREME COURT HOLDS TAX COURT NOT HELD

Supreme Court holds tax court not held. The 30 day limit of Sec. 6330(d) for taxpayers to file a petition with the Tax Court to review an IRS determination is nonjurisdictional, the U.S. Supreme Court held, meaning it can be extended in certain instances. The Court’s unanimous opinion, written by Justice Any Coney Barrett, was […]

CAN STIMULUS NEGOTIATIONS BE SAVED

Can stimulus negotiations be saved. While continuing to meet on the outlines of another economic stimulus bill, negotiators face continued turbulence in their attempt to reach an agreement before the Nov. 3 election. The White House delivered a $1.8 trillion stimulus proposal to House Speaker and lead Democratic negotiator Nancy Pelosi. But no one was […]

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 […]

WARREN WEALTH TAX HAS WIDE SUPPORT

Warren wealth tax has wide support. Senator Elizabeth Warren’s plan to tax the assets of America’s wealthiest individuals continues to draw broad support from voters, across party, gender and educational lines. Only one slice of the electorate opposes it staunchly: Republican men with college degrees. Not surprisingly, that is also the profile of many who’d […]