Biden v Trump tax proposals – #3
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?
Biden v Trump tax proposals – #2
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.
Biden v Trump tax proposals
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.
When Tax Free isn’t Tax Free
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.
Some Clarity
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.
Coronavirus (COVID-19) Update 03/20/2020
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.