Steven Mnuchin Sees Unintended Consequences in Billionaire Tax Plan
"...when you talk about targeting one segment of the population in a very specific way, I worry about the unintended consequences.” - Steven Mnuchin
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MEDIA ALERT — Time for Taxpayers to Prepare for the Next Tax Season
2021 year-end tax planning might look different. The US Congress is still considering a large package of changes that could increase taxes in 2022.
Stimulus Alert: Is the Future of the Child Tax Credit in Danger of Massive Reduction?
The expanded CTC, which provided monthly advance payments of $250 per child 6 and over and $300 per child under 6 to qualified families.
White House Tells Democrats Corporate Tax Hike Unlikely in Current Bill
President Joe Biden’s plans to hike the corporate tax rate to 28 per cent from 21 per cent are likely to be one of the steep concessions he makes.
Democrats Raise Proposed IRS Bank Reporting Threshold
Democrats raise proposed IRS bank reporting threshold to $10,000 from $600. Earlier proposal of $600 drew criticism for being too intrusive.
Year-End Financial Planning: How to Prepare for Biden's Proposed Tax Changes
There’s plenty of year-end financial and tax planning moves for taxpayers to consider now should President Biden's new tax proposals become law.
US Infrastructure Bill Does Not Include 61 Percent Estate Tax
President Biden proposed an increase to taxes after death earlier this year, it only applied to wealthy and is not included in current legislation.
