Current News

Oil prices give up overnight gains after US bans import of Russian crude
The imports up until now had been an omission in the massive sanctions put in place on Russia over the invasion of Ukraine Read More.
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As Gas Prices Spike, Maine Could Suspend Gas Tax
While we have seen a steady increase in the price of gas, and other energy types, since early 2021, we have really seen the price of gas, diesel, and heating oil spike since the beginning of the Russian invasion of Ukraine. Read More.
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6 Reasons You're Putting Off Writing A Will And How To Overcome Them
When Ellen and Carl Otterness' daughters were young, the couple wrote wills. Their primary goal was to name a guardian for their children if something happened to both of them. Then they didn't think about it … for decades. Their now-adult daughters are both over 40, with husbands and kids of their own. Read More.
Investors start buying Ukraine, Russia bonds
Some banks want the bonds to offset trades involving Russian credit-default swaps, or CDS Read More.
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IRS aims to hire 10,000 workers to reduce crippling mail backlog
The IRS plans to hire 10,000 new full-time workers to play a direct role in helping the agency reduce its backlog of millions of unprocessed tax returns and other mail from individual and business taxpayers, according to the leader of the union that represents most of the IRS workforce. Read More.
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Oil surges almost 20% to near $140 a barrel as US and Europe weigh ban on Russian imports
Crude oil prices surged as much as almost 20% on Monday to near $140 a barrel for the first time since July 2008, after the US said it was considering a ban on Russia's energy exports together with European leaders. Read More.
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The Grassroots Corner March 7, 2022
The Grassroots Corner - Week Beginning 3/7/22: “How To Get Candidates To Sign The FAIRtax Pledge – 1st Installment” Read More.
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War In Europe’s Breadbasket Reverberates In An Unlikely Place
Organic chickens may become too expensive to produce in the U.S. without crops from Ukraine to feed them. Read More.
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Coal tax reduction bill heads to Senate
The Wyoming House of Representatives passed a bill on Tuesday that would reduce the severance tax on coal from 7% to 6.5%. Read More.
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The Chairman’s Report March 4, 2022
"Would the FAIRtax have made George’s job easier in 1794? " - Today’s Chairman’s Report is written by Jade Walle.  Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation.   Read More.
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Here are 3 ways to make the most out of your tax refund
The IRS has already issued 22 million refunds, at an average $3,536 each.  Read More.
Inflation nation: These states are paying the highest prices
Inflation costs the average American family $385 more per month: JEC Read More.
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Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, but it didn’t deter consumers from spending aggressively, the Commerce Department reported Friday. Read More.
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IRS Delays Will Be “Extraordinarily High” Again, Warns The Agency’s Taxpayer Advocate
The Internal Revenue Service will have “extraordinarily high” delays again in processing returns, the agency’s National Taxpayer Advocate Erin Collins told Congress today. Read More.
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US effectively freezes Russian central bank assets held by Americans
Freeze on transactions of Russian central bank assets is effective immediately, senior administration official says Read More.

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