Whether the Democrats can get changes through the House and Senate is uncertain, but the effects of the proposed tax increases, and the elimination of the step-up in basis will be significant.
At the end of the 2019 Fiscal Year there 74,369 people working for the IRS. That compares to 94,711 in 2010. In 1995 there were 113,643. That is why liens and levies are down and waiting out the ten year statute is now a viable strategy.
The Biden Treasury is likely to impose more oversight. But rising tax rates and regulatory clarity could help this generous tax shelter with the bipartisan pedigree take off.
Undeterred by Brexit or the Covid-19 pandemic, technology firms in London attracted $10.5 billion in venture capital money last year, a new record for the U.K. and Europe.
A trusted advisor who takes the time to get to know and understand you and your goals can make a tremendous difference in the quality of your life now and in the future.
An unsung law, the Consumer Safety Products Improvement Act (CPSIA), 15 U. S.C. § 2087, provides crucial protection against retaliation for whistleblowers.
With all of the last minute changes to the Tax Code - and those stimulus check reconciliations - it was clear that the Internal Revenue Service (IRS) was going to have to make revisions to tax forms used to file 2020 tax returns in 2021.
Advocates on the right who insist that deficit reduction should be President-elect Biden’s number one priority and those on the left who insist that deficits simply don’t matter at all both put our economic prosperity at risk.
There is a flawed assumption in today’s approach to retirement planning, that we know what we will be doing in retirement with sufficient clarity to plan. Before there is a retirement plan, there must be a retirement story. Here's how to start.