The $1.9 trillion American Rescue Plan Act of 2021 that President Biden signed into law on March 11, 2021, included a number of provisions aimed at assisting small businesses that…
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President Biden has signed the $1.9 trillion American Rescue Plan Act of 2021 into law, aimed at assisting millions of Americans and business owners feeling the impact of COVID-19. Not…
Congress has acted to avert the Fiscal Cliff by passing the American Taxpayer Relief Act, but the result is a tax increase for nearly 80% of all Americans and a…
Last Thursday, President Obama stood before a joint session of Congress and called on both parties to pass his new jobs bill and pass it quickly. He has stated that…
In December of 2002, Norma Coronel gave birth to one child; but that’s not what her tax return says.. Coronel was indicted on 35 counts and arrested after claiming 19…
In most cases, tax-exempt organizations have little to be excited about when the government starts handing out cash. Since they don’t pay taxes, they usually don’t get tax deductions or…
The government is coming up with new ways to incentivize you to “go green”. Cash for clunkers got us to trade in those old gas guzzlers for new clean and…
In addition to the Hope Credit and Lifetime Learning Credit, the IRS is adding a new education credit to the mix. The American Opportunity Tax Credit (AOTC) sweetens the deal…
Normally, new tax credits can be a great way to stimulate the economy. Here is why Making Work Pay tax credit could end up making you owe taxes at the…
The American Recovery and Reinvestment Act (Recovery Act), enacted earlier this year, expanded two home energy tax credits: the nonbusiness energy property credit and the residential energy efficient property credit. …
