Articles
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.
IRS starts depositing third round of stimulus payments
The Internal Revenue Service said Friday that the third round of
Economic Impact Payments will begin hitting taxpayers’ bank
accounts as early as this weekend. Read More.
Report: Joe Biden Plans First Major Tax Hike in a Generation
President Joe Biden is considering a tax hike to underwrite the
economic program launched by the approval of his $1.9 trillion
pandemic stimulus package, a Monday report by Bloomberg claims. Read More.
Federal Stimulus Bill Has Huge Tax Change For Gig Workers
Tucked inside the American Rescue Act is a tax change that has
big implications for tax revenue and the gig economy. Read More.
The Grassroots Corner March 15, 2021
🇺🇸 The Grassroots Corner - Week Beginning 3/15/21: “Bring Our Old
Cosponsors Back” Read More.
The Chairman’s Report March 12, 2021
The FAIRtax is a non-partisan issue. Because of the benefits to
lower income citizens and the economic growth it will bring, it
is legislation that both parties—if they were really interested
in their constituencies and not their own power, would endorse. Read More.
Operation Hidden Treasure Is Here. If You Have Unreported Crypto,
Get Legal Advice
Damon Rowe, the Director of the Office of Fraud Enforcement at
the Internal Revenue Service announced yesterday at a Federal Bar
Association presentation on fraud enforcement priorities that the
office has “added some crown jewels,” including a dedicated team
of IRS Criminal Investigation professionals who are working on
“Operation Hidden Treasure.” Read More.
