Category: #Taxes
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Supreme Court denies Dems’ bid to fast-track ongoing fight for Trump financial records
The Supreme Court on Monday denied a request by House Democrats to accelerate the timeline of remaining court battles over congressional subpoenas for President Trump’s…
Trump tax returns: Giuliani contradicts president's excuse for not releasing financial documents
‘They have no need for it, this is a fishing expedition, I think we fight them right down to the wire’ Source: https://www.independent.co.uk/news/world/americas/trump-tax-returns-giuliani-irs-financial-documents-congress-supreme-court-a9616391.html Droolin’ Dog…
Supreme Court rules Trump not immune from New York grand jury process
The Supreme Court has ruled that President Trump is not immune from a New York grand jury process and sends the case for his tax…
Supreme Court decisions likely Thursday on Trump tax returns, financial records
The president has resisted efforts to make him turn over the documents sought by Congress and a New York DA. Source: https://www.nbcnews.com/politics/supreme-court/supreme-court-decisions-likely-thursday-fight-over-trump-tax-returns-n1233172 Droolin’ Dog sniffed…
Seattle passes tax on high earners at big businesses as coronavirus tanks city revenues
Seattle’s City Council on Monday passed a tax on businesses with annual payrolls of more than $7 million, seeking to restore city revenues depleted by…
Expecting a tax refund? Be prepared to wait.
Taxpayers may be in for a long wait for refunds, as an estimated 4.7 million returns were backlogged at the IRS by mid-May because of…
California cities begin embracing cannabis in desperate search for cash
OAKLAND — California local governments scrambling to find tax revenues during the coronavirus pandemic are turning toward an industry they had considered taboo until now:…
Major Supreme Court opinions set to be released: DACA, Trump’s taxes, gay rights, abortion
Due to the coronavirus, the potentially landmark rulings will be posted online, not distributed at the court, which is closed. Source: https://www.nbcnews.com/politics/supreme-court/major-supreme-court-opinions-set-be-released-daca-trump-s-n1207901 Droolin’ Dog sniffed…
Supreme Court seeks a middle ground on release of Trump’s taxes
After more than three hours of oral arguments Tuesday morning, the Supreme Court seems unlikely to grant President Trump the sweeping total immunity he has…
Trump’s tax returns fight reaches the Supreme Court
President Trump’s lawyers are asking the Supreme Court to adopt a sweeping view of presidential immunity that would make it much harder to investigate any…
IRS says about 88M Americans have gotten stimulus payments
More than 88 million economic stimulus payments were issued as of April 17, according to data released by the Treasury Department and IRS today. About…
Hundreds of additional tax deadlines reset to July 15
The Treasury Department and IRS today extended more than 300 deadlines for tax filings, payments and other requirements to July 15, its latest step to…
Mnuchin: Tentative coronavirus package will include average of $3,000 to a family of four
Treasury Secretary Steven Mnuchin said Sunday that a tentative stimulus package in response to the coronavirus outbreak will include two weeks of loans to small…
Ocasio-Cortez: Give stimulus checks to everyone now, collect next year from those who don’t need them
Rep. Alexandria Ocasio-Cortez (D-N.Y.) said Sunday that stimulus checks should be sent to all Americans and then collected next year in taxes from Americans who don’t need…
Stimulus deal will include payroll tax holiday for small business
Senate negotiators have agreed to provide a payroll tax holiday for small businesses as they hope to complete the tax-related portion of the fast-growing stimulus…
U.S. considering tax relief to respond to coronavirus outbreak: Mnuchin
The Trump administration is considering a range of steps to offset the economic impact of the fast-spreading coronavirus, including tax relief measures that could put…
The Best Services and Software for Your 2019 Taxes
Tax season is upon us in the United States. And, unless you happen to be a CPA, you’re probably looking for a little help with…
Tax season is here and so are the scams. Here’s what to do if the IRS calls you.
It’s that time of the year again: tax season. While some of you are preparing your tax returns and waiting for some sweet cash courtesy…
How to File Your 2019 Taxes Online For Free
The IRS is now accepting 2019 tax returns, which are due by April 15, 2020. As usual, most Americans are eligible to file for free…
Puerto Rico hit by another earthquake as island reels from aftershocks
Twitter users reported feeling quake as far as San Juan, on opposite side of island Source: https://www.independent.co.uk/news/world/americas/puerto-rico-earthquake-magnitude-damage-aftershocks-latest-a9285036.html Droolin’ Dog sniffed out this story and shared…
End of an era: 2020 brings Tesla’s federal tax credit to zero
You better hope that new Tesla electric car you ordered gets delivered by Dec. 31. That’s because the last batch ever of Tesla electric vehicle…
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