A Bipartisan Bill Would Expand Taxpayer Rights And Change How The IRS Works
A bipartisan Senate bill would change IRS service, taxpayer rights, refunds, paid tax preparer rules, and access to the Tax Court. Here’s what you need to know.
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Trump Promised Americans $5,000 if Republicans Win Congress. Here’s the Math.
Trump has promised $5,000 payments to adult U.S. citizens if Republicans win Congress. Here’s the math, the funding questions, and what we know so far.
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A Look at the (Very) Unpopular Federal Gas Tax
We are feeling the pain at the pump. According to AAA, the national average gas price is $3.498. A year ago, it was $2.507. And the price of gas isn’t the only thing that’s going up. Americans are feeling the impact of record inflation, which is reportedly costing the average household an additional $276 per…
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What’s Section 230 and What Does It Have to Do With Stimulus Checks?
I’ve been asked a lot recently about Section 230, a phrase that’s been tossed around a lot with respect to stimulus checks. Section 230 isn’t a tax provision (in fact, there isn’t even a section 230 in the Tax Code). It’s actually a telecommunications law. And I’m not a tech or intellectual property lawyer: my…
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President Trump Signs Stimulus Package/Spending Bill Into Law
Earlier this week, the President suggested that he might not sign the stimulus package/spending bill (you can read about what happened – and what it meant – here). However, tonight, the President did sign the bill into law. The bill would do a few things, including: Issue stimulus checks of $600 per person; Extend unemployment…
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Will President Trump Sign the Stimulus Bill?
Congress passed a massive stimulus, spending, and tax extenders bill, but it hasn’t been signed into law. Here’s what’s holding it up and what could happen next.
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Congress Says There’s an Agreement on New Stimulus Checks
(Author’s Note: The bill passed in the House and Senate on December 21, 2020, after this piece originally appeared.) Congress has finally agreed on a COVID relief package. It is the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law in March…
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Congress Includes Paycheck Protection Program Provisions in Stimulus Bill
(Author’s Note: The bill passed in the House and Senate on December 21, 2020, after this piece originally appeared.) When Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March of 2020, the law included provisions intended to help businesses. One of the most popular is known as the Paycheck Protection…
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Here’s What’s in the Massive COVID Stimulus Bill
So you know how folks throw around adjectives and superlatives all of the time? And sometimes you just don’t believe them? If you hear anyone describing the latest stimulus bill from Congress as “huge” or “giant” or even “ginormous,” believe them. It’s so large that aides had trouble printing it: And again, while trying to…
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Senators Ask IRS to Work With Taxpayers on COVID-Related Relief
Remember the flurry of IRS notices that got sent out in mid-November? Many of those notices – especially those notices of intent to levy (CP504) – were sent out without regard for individual taxpayer circumstances, with tax practitioners reporting receipt by taxpayers previously marked as CNC (currently not collectible), taxpayers with pending offers, and taxpayers…
