Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
Economist Arthur Laffer warned the Federal Reserve and the government may have avoided financial disaster last year current policies may be leading us into a second Great Depression. Laffer believes Federal Reserve Chairman Bernanke desperately wanted to avoid the...
New Jersey government has raced towards the goal of being the worst place in the country for business. The highest real estate tax, aggressive tax administration and ridiculous regulations combine to make New Jersey a poor choice for new business. The “ nonprofit,...
13% of Mortgages in Trouble! At the end of the second quarter, 4.3% of all residential mortgages were in some part of the foreclosure process, up from 3.85% at the end of the first quarter and 2.75% a year ago. In addition, on a seasonally adjusted basis, 9.24% of all...
Small tax-exempt organizations must file Form 990-N The IRS and the Treasury Department have issued final regulations clarifying how and when certain small tax-exempt organizations must file an annual electronic notice. The final regulations finalize the temporary...
New IRS Offer In Compromise Forms The Internal Revenue Service has released a new version of Form 656-B, “Offer in Compromise Booklet,” and a revised Form 656, “Offer in Compromise.” The new Form 656-B contains all of the forms and instructions necessary to file an...
The Democrats controlling the House and Senate are lining up to support hefty tax increases in the midst of an economic downturn. Most increases under consideration would go into effect next year. Capital gains will have a “Medicare” tax. The top rate will exceed 40%....
House Democrats agreed yesterday to raise taxes on the wealthy to pay for more government control of the nation’s health-care system, proposing a surtax that would send the top federal tax rate toward 45 percent. The top federal tax rate currently stands at 35...
The Senate conducted Hearings for “Transparancy” for corporations and LLCs. This means the Government wants to know everything about small business so it can tax and control every aspect. The Representative from the DOJ said that federal legislation must include four...
The CARD Act – New Rules for Credit Cards The CARD Act, the Credit Card Accountability, Responsibility and Disclosure Act,signed into law on May 22, 2009, supposedly will provide increased consumers protection.Most of the changes go into effect after February 22,...
The “Payer” in “Single Payer” Health Care is you! Congress hates telling the truth. Rather than calling government controlled and no choice healthcare the true term, “socialized Medicine,” they call it “single payer.” Remember, the payer is YOU, the taxpayer! Cong....
