Current News

DraftKings Inc. announced plans for a $1B convertible note offering Read More.

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.

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.

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 - Week Beginning 3/15/21: “Bring Our Old Cosponsors Back” Read More.

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.

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.

CHARLESTON, W.Va. (WSAZ) - Lawmakers started working Tuesday morning on West Virginia Gov. Jim Justice’s proposal to eliminate the state personal income tax. Read More.

The IRS is increasingly relying on correspondence audits to audit small businesses. Read More.

Given the number of days the Internal Revenue Service has been open for processing 2020 tax returns, the number of returns taxpayers have filed is up 14% compared to last year. That’s the rosy way to look at the numbers. Read More.

The total budget for Baltimore’s public school system is $1.2 billion Read More.

The general political context is one of extraordinary government expenditures in the wake of COVID-19, which suggests higher taxes, particularly upon the wealthy. In 2021, taxpayers generally need to be more concerned with transfer tax issues. Read More.

FRANKFURT (Reuters) - The United Arab Emirates, a magnet for the globe’s ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted $200 billion-plus flowing into the country. Read More.

🇺🇸 The Grassroots Corner - Week Beginning 4/05/21: “Hostile Argument: Is the FAIRtax Rate Enough?” Read More.

🇺🇸 The Grassroots Corner - Week Beginning 3/22/21: “Hostile Argument: The FAIRtax Rate” Read More.