by Mark Thomson | Jan 15, 2019 | What I have to Say
Thousands of small-business owners have received letters from the Internal Revenue Service questioning whether they are underreporting their business income, a harbinger of a broader initiative aimed at boosting federal tax receipts and ensuring compliance. The...
by Mark Thomson | Jan 15, 2019 | What I have to Say
The tax act Congress passed early on New Year’s Day permanently patched the alternative minimum tax (AMT), sparing tens of millions of Americans from the additional levy. But it won’t protect everyone. The AMT will continue to raise the taxes of a few million...
by Mark Thomson | Jan 15, 2019 | What I have to Say
Same-sex married couples must file before September 16 to file as single (09-13-13) Same-sex married couples who are on extension, but wish to file as single one last time, must file before September 16, 2013. Original returns filed by same-sex married couples on or...
by Mark Thomson | Jan 15, 2019 | What I have to Say
Builders began work on fewer U.S. homes than projected in August, helping explain why Federal Reserve policy makers decided to maintain stimulus aimed at sustaining the economic expansion. Sept. 18 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke speaks about...
by Mark Thomson | Jan 15, 2019 | What I have to Say
WASHINGTON — The Treasury has handed Congress an urgent deadline: Oct. 17. On that day, unless Congress were to raise the debt ceiling, the Treasury would have only $30 billion cash on hand, putting the United States on the precipice of an unprecedented default, the...
by Mark Thomson | Jan 15, 2019 | What I have to Say
The Internal Revenue Service has temporarily stopped sending out tax refunds, and the Tax Court has suspended operations during the federal government shutdown, as lawmakers in Congress continue their battle over delaying or defunding “Obamacare” for a year. “Tax...
