“The elimination of sanctuary cities, payroll taxes and perhaps capital gains taxes, must be put on the table,” President Donald Trump tweeted on May. 6. The Democrats, led by House Speaker Nancy Pelosi, did not welcome the idea. It might seem like a political issue, just something that the Republicans and Democrats just cannot agree… Continue reading Correcting Misconceptions About Capital Gains Tax
If you owe back taxes, the IRS is then authorized to seize your wages or properties and take a portion of your paycheck. However, to do this, strict guidelines must be followed. The IRS will get in touch with your employer and instruct them accordingly to take a portion of your pay. Your employer will… Continue reading What Is An IRS Wage Garnishment?
IRS TAX ISSUES For most Americans, it’s difficult to understand completely the Internal Revenue Service. This is why many Americans run into IRS tax problems, and these issues might have resulted from sheer ignorance or other personal reasons. The IRS could be the harshest collection agency out there, but it’s just doing its job and… Continue reading IRS Tax Problems: What You Need to Know
Buying a house is quite expensive. There are additional costs attached to it. You would think that selling a house would be a breeze, but it’s not. There are also expenses involved in selling a house. There are closing costs and real estate commissions to be paid by either the buyer or seller. There are… Continue reading Real Estate Transfer Taxes?
For years, the government has been at a loss on how to regulate cryptocurrency. It seems like it is making some headway as Attorney General William Barr announced the release of “Cryptocurrency: An Enforcement Framework.” This was released by the Cyber-Digital Task Force of the Attorney General. The framework tackles the challenges associated with cryptocurrency,… Continue reading Justice Department Publishes Cryptocurrency Enforcement
Good news to those who have yet to receive the Economic Impact Payment (EIP) as the deadline for registration has been extended to Nov. 21. The Internal Revenue Service (IRS) earlier announced the new deadline, which is five weeks later than the original schedule. People who haven’t received the EIP and typically don’t file tax… Continue reading IRS Extends Economic Impact Payment Registration to Nov. 21