As the theatrics of the first debate showed, this election campaign is about social issues, not finance. However, at the end of the day, most Americans will still tend to vote their pocketbook. So, in this fifth in a series of six blogs about tax platforms, lets take a look at some real estate issues that will affect many of you.
In our first tax plan comparison we discussed Individual tax provisions and a few specific tax items. In session #2 we went over carried interest, changes to social security taxes and California’s AB5. In session # 3 we went over health care and retirement. Now, let’s take a look at some business provisions.
In our previous sessions we discussed Individual tax provisions and a few specific tax items. Let’s take a look at some more, shall we?
In our previous session, we focused on the tax differences that mostly dealt with the individual tax rules. In this instalment, we’ll dig a bit deeper into some specific items that may or may not affect you, but will give you a sense of what to expect from either side in the future.
Now that we know officially who the two main contenders are for the White House in November, I thought it would be helpful to evaluate the two sides’ competing tax proposals, head to head.
The recent avalanche of SBA loans being made under the CARES Act is designed to assist small businesses to survive the economic destruction being wrought upon us in the name of fighting off the Wuhan Caronavirus pandemic.
After a deluge of comments from the public, we now have conformity (mostly). The IRS announced Friday that both the tax payment due dates AND the filing dates for tax returns have been pushed back to July 15.
While everyone is busy wondering how to store another 1000 rolls of TP in their garage, many are unaware of a sidebar problem – tax filings due April 15 can be affected if you are waiting on data from sources that have shut down or are working with less staff than normal.
Today the Treasury Secretary announced that the normal Tax Filing deadline of April 15 would be extended 90 days to July 15, 2020. Details have not been released yet however based on remarks it appears that:
Ah, it’s January already. Time to prune my fruit trees and look forward to the Superbowl party. Hopefully there is time to broadcast it between all the ads for Turbotax, H&R Block and the latest rich guys running for President. Personally I agree with President Eisenhower who said that the only way to get [...]