by Leif Jensen | Apr 3, 2018 | General |
With the passage of the new tax bill Congress effectively killed the requirement for individual health coverage by repealing the penalties under the individual mandate for post-2018 years. But two fines for noncompliance with the employer mandate go up for 2018. Firms...
by Leif Jensen | Apr 2, 2018 | General |
Trump’s infrastructure initiative is missing a key piece: How to pay for it. The recommended solution is to raise the federal gasoline tax, which has remained steady at 18.4¢ a gallon since 1993. There’s a push by the U.S. Chamber of Commerce to hike the tax to 43.4¢,...
by Leif Jensen | Mar 28, 2018 | General |
Trump is again calling for increased oversight of paid preparers. The IRS is thrilled at the prospect. The Service has been asking for this ever since an appeals court struck down its regulations requiring unenrolled preparers to pass a competency exam and take tax...
by Leif Jensen | Mar 27, 2018 | General |
The IRS is giving us something that no one was asking for. A new tax return for seniors only. Seniors age 65 and older will get a new, simplified tax return to fill out, granted it is not for this tax filing season. It will take the Service some time to develop the...
by Leif Jensen | Mar 26, 2018 | General |
A sure sign that consumers are feeling good: consumers are drinking more in bars and restaurants, compared with at home. Having a drink out costs far more, and folks generally only do a lot of it when they’re optimistic about their finances. By contrast, recessions...
by Leif Jensen | Mar 21, 2018 | General |
Comcast holds a virtual monopoly on internet in my world (home and office), when I last went to try to price compare AT&T does not cover either my home of office. So Comcast is the monopoly I have to live with. At least for now other businesses are just starting...
