Current News
The Chairman’s Report February 26, 2021
Every day new releases from President Biden and his
administration indicate that more regulation is needed to
“protect” people. One of the areas that is going to get more
attention is the rapidly increasing amount of federal
income/payroll tax evasion. Read More.
The IRS Cashed Her Check. Then the Late Notices Started Coming.
A mountainous backlog of paperwork at the IRS continues to wreak
havoc on America’s tax collection system — which especially hurts
lower-income filers. Read More.
The Fair Tax
The current federal income tax system is broken—unfair, overly
complex, and almost impossible for most Americans to understand.
The Fair Tax is a reasonable, nonpartisan alternative before
Congress that is both fair and easy to understand. Read More.
Democrats Propose Dramatic Expansion Of The Child Tax Credit
Turn down the lights. Turn up the Marvin Gaye. It’s baby-making
time. Read More.
Tax season off to a slow start, lawmakers complain to IRS
Leaders of the tax-writing House Ways and Means Committee are
sounding the alarm over the slow start to tax season, reflected
in the initial week of data from the IRS. Read More.
Internet groups back Facebook and Google against Maryland’s taxlaw
Maryland is the first US state to endorse a tax law that requires
Facebook and Google to pay for digital advertising. But Internet
groups want to challenge and strike down the “punitive assault”
in federal court. Read More.
Internet groups back Facebook and Google against Maryland’s tax
law
Maryland is the first US state to endorse a tax law that requires
Facebook and Google to pay for digital advertising. But Internet
groups want to challenge and strike down the “punitive assault”
in federal court. Read More.
Bitcoin Warning! Are We Headed For A Cryptocurrency War?
Bitcoin and other soaring cryptocurrencies dominate the
headlines. Read More.
Are medical expenses tax deductible? Generally yes, under 2
conditions
If you were burdened by sizable medical bills or health expenses
during 2020, there may be some financial relief available to you
come tax season. Read More.
Tax season: What the IRS says clients and advisors can expect
Taxpayers can expect a smooth filing season despite monumental
challenges in getting pandemic relief to millions of people,
according to the nation’s top tax official. Read More.
Study: Coronavirus Pandemic Has Created Tax Problems That Could
Get Much Worse in 2021
Americans struggling to repay their 2019 taxes in the midst of a
recession has been just another issue to deal with during the
coronavirus pandemic. Read More.
The Chairman’s Report February 19, 2021
For many years, the IRS audit rate has been falling, and in 2019,
the individual audit rate was down to just 0.45% of returns. Read More.
Bill Knight: Without the Fair Tax, are there fiscal ideas?
These are taxing times; times when we face not just a
public-health crisis, but higher taxes – or lower levels of
public services. Read More.
Biden shutting Dakota Access pipeline would cause food prices to
spike
The pipeline is currently under environmental review Read More.
Here’s Where $1,400 Stimulus Checks, $15 Minimum Wage And The
Rest Of Biden’s $1.9 Trillion Rescue Plan Stand Today
Lawmakers in Washington are moving forward with President Biden’s
$1.9 trillion stimulus plan, even amid a heated impeachment trial
and over Republican objections. Here’s what you need to know. Read More.
