Month: November 2019

Climate change is a leading issue in the 2020 presidential elections, especially among Democratic voters.  According to a recent CBS poll, almost two thirds of Americans feel climate change is either a crisis or a serious problem.  Most Presidential candidates acknowledge the urgency of addressing climate change, but few would use tax policy to its
0 Comments
Virtual currencies have been growing rapidly in terms of type and frequency of use. They are increasingly becoming an accepted form of payment even by major established companies and financial institutions. Not all taxpayers, however, appear to be familiar with or complying with their tax reporting obligations involving virtual currencies. The Internal Revenue Service estimates
0 Comments
China successfully launched satellites to space last week but a shower of rocket debris after the launch crushed buildings in the Sichuan province, captured in a video shared widely on social media. Before the government launched a Long March 3B rocket from the Xichang Satellite Launch Center on Friday evening, it warned residents with a
0 Comments
Democratic presidential candidates Senators Warren (D-MA) and Sanders (I-VT) have proposals to end full expensing and lengthen depreciation schedules and the New York Times in a recent article analyzes the size of tax cuts, including the effect of full expensing, and the size of investments made by companies. While it is encouraging to see such
0 Comments
The Internal Revenue Service intends to make the criminal background checks and tax compliance checks it performs on tax professionals such as enrolled agents, e-file providers and acceptance agents more consistent, with more up-to-date fingerprint information from the FBI, according to a new report. The report, from the Treasury Inspector General for Tax Administration, acknowledged
0 Comments
China’s hand in cementing a phase one trade deal with the U.S. keeps getting weaker even though many American media outlets keep reporting otherwise because they seem to like Chinese President Xi Jinping better than President Donald Trump, CNBC’s Jim Cramer said on Monday. Cramer said on “Squawk Box” the mainstream media wrongly thinks that
0 Comments