Taxes

It didn’t take long for the newly minted House Speaker to make headlines. In his first major proposal as House Speaker, Mike Johnson (R-La.) introduced a supplemental appropriations package that would provide $14.3 billion in military assistance to Israel in exchange for slashing an equal amount of IRS funding. Inflation Reduction Act The IRS cuts

They say that relationships are all about timing. Putting aside the accuracy of that cliché generally, timing is certainly a key for taxpayers facing challenges by the Internal Revenue Service (“IRS”). Why? The law ordinarily provides that the IRS only has three years from the time taxpayers file particular returns to identify them as problematic,

Considering how soon Halloween comes after October 15 (October 16 in 2023), the extended due date for individual returns, having a tax horror story now seems really appropriate. The horror story came out on October 24 with the Eleventh Circuit decision in the case of Lee v US. Dr. Wayne Lee seemed to have done

The Biden administration is shooting for 50% of all new car sales to be electric vehicles by 2030. Thanks to generous state and federal on-the-spot rebates, local dealers are gearing up for a sales boom. By Rina Torchinsky, Forbes Staff The banner across the the top of the website for Larry H Miller Chrysler Dodge

IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As – Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when they did

Is working from home (WFH) falling, signaling that workers have to go back to the office? Or is WFH now a permanent part of future work, jobs, and careers? Well, actually both. But the future, even with higher permanent levels of WFH, remains unsettled for workers and employers. Where WFH fits into your future depends

Share to Facebook Share to Twitter Share to Linkedin A few days ago, S&P elevated Greece’s government debt from junk status to investment-grade. This positive change is remarkable. For years, Greece has been an economic basket case, thanks to massive overspending, overtaxation and overregulation. Scandalous abuses in its finances also contributed to a disaster that

Seems like everything becomes a tax story eventually and so it goes with the colorful controversial Jack H Owoc and his Vital Pharmaceuticals best known for its Bang Energy line of drinks. There has been controversy about the Pepsi distribution deal, what exactly is it that goes into those drinks, the massive lawsuit by Monster

House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do we want to see their

House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do we want to see their