by admin | May 8, 2020 | Tax
Here is a guest post from John Anthony Castro. I don’t agree with everything in it, but I think there are some well-considered arguments. It also ran on his website. See my post on forbes.com on the same topic.- PJR Introduction The Internal Revenue Service...
by admin | May 7, 2020 | Tax
The second-largest tax break in the massive CARES Act – $135 billion – applied to a relatively small number of taxpayers. The Joint Committee on Taxation indicated that over 80% of the benefit went to 43,000 returns with income over a million dollars. Not...
by admin | May 6, 2020 | Tax
Originally published on Forbes.com. I thought I could escape COVID-19, which one way or another is all I have written about for the last six weeks, by going back to my routine of reviewing tax decisions that may be of interest. No luck. What stands out are...
by admin | May 6, 2020 | Tax
The IRS has announced that its Settlement Days program is going virtual in response to the COVID-19 crisis. Settlement Days bring together IRS attorneys, low-income taxpayers, who are not represented and the low income tax clinic attorneys who coach them to see if...
by admin | Apr 30, 2020 | Tax
Originally published on Forbes.com. One of the key parts of the CARES Act was the Paycheck Protection Program. It proved so popular that additional funds were appropriated for it. The essence of PPP is that a business borrows from the SBA based on 2.5 months of last...
by admin | Apr 28, 2020 | Tax
Originally published on Forbes.com. According to a report in the Washington Post earlier this month, the bulk of the second largest tax cut in the CARES Act ($170 billion) stood to be shared among about 43,000 returns. The Joint Committee on Taxation has backpedaled a...
