Articles
Zoom Paid $0 in Federal Income Taxes on 4,000% Profit Increase
During Pandemic: Report
“If you paid $14.99 a month for a Zoom Pro membership, you paid
more to Zoom than it paid in federal income taxes even as it made
$660 million in profits last year.” Read More.
Full FairTax truth
Recently, nationally funded ads misled Pennsylvanians about the
FairTax. These ads claimed the FairTax will add 23 percent to the
cost of everything. This is true, but the ads omitted the most
important part of the tax-reform plan. Read More.
IRS Backlog: 2.4 Million 2019 Tax Returns Still In Pipeline
The Internal Revenue Service’s backlog of tax returns is way
down, but it’s still significant, according to IRS operations
statistics updated yesterday. Read More.
IRS says unemployed workers can likely claim $10,200 tax break
without filing amended return
Rettig said the agency hoped to make an official announcement in
the ‘near future’ Read More.
Biden determined to tax rich after windfalls during crisis
President Joe Biden’s economic team at the White House is
determined to make good on his campaign pledge to raise taxes on
the rich, emboldened by mounting data showing how well America’s
wealthy did financially during the pandemic. Read More.
Letter: Taxes too complicated? Blame Congress
Most American adults can empathize with the plight of Christian
Sagers, whose recent editorial aptly describes the horrors of
ordinary citizens trying to navigate our ridiculous federal tax
code (“Confessions of an honest tax filer (and why the system is
absurd),” March 11). Read More.
IRS chief: Tax-deadline postponement could delay launch of child
tax credit program
Commissioner Chuck Rettig also said he expected that people will
not have to file amended returns in order to claim a new tax
break on jobless benefits. Read More.
New Tax Day Deadline: Monday, May 17, 2021 But 2021 Estimated
Payments Still Due April 15
It’s official: The Internal Revenue Service has pushed the April
15 tax day deadline to May 17. That means that individuals can
postpone filing—and paying—2020 taxes until then. But watch out:
The new May 17 due date doesn’t apply to everyone. Read More.
Biden’s tax hike may hit more US households than expected
The president said that the proposed tax increase would raise
$230 billion Read More.
The Chairman’s Report March 19, 2021
It is a fact that the federal income tax allows the Swamp and
Congress to make huge profits from groups seeking to protect,
expand and achieve income tax benefits. Read More.
Homebuyers canceling contracts as costs soar
Rising mortgage rates are also creating headwinds Read More.
Republican attorneys general threaten Biden over key element of
stimulus plan
They called restriction on state efforts to cut taxes is
‘unprecedented and unconstitutional’ Read More.
IRS adds tax forms and info in Spanish, other languages
The Internal Revenue Service posted a Spanish version of its Form
1040 and instructions Tuesday and made available publications and
online information in other languages. Read More.
In Switcheroo, IRS To Deliver Full Stimulus Payments To Those
With Federal Tax Debts
There’s welcome news for financially struggling taxpayers with
federal tax debts who didn’t get Round 1 and Round 2 economic
impact payments, and were instructed to file 2020 tax returns to
claim the payments as a recovery rebate credit. Read More.
Dow, S&P 500 look to add to record highs
DraftKings Inc. announced plans for a $1B convertible note
offering Read More.
