Menu

federal taxes Archive

HR3 Prescription Drug Bill | R&D Spending & Medical Innovation

TweetShareSharePin0 Shares The technological advancements that allowed many employees to work from home and patients to seek medical care remotely throughout the COVID-19 pandemic would have been impossible without earlier investments in research & development (R&D). Likewise, thanks to decades of R&D in the pharmaceutical industry and the resulting technological breakthroughs, nearly every adult in

Collecting The Levy

TweetShareSharePin0 SharesCollecting The Levy The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies. The FMS has begun utilizing two Congressionally mandated federal debt collection programs. One is devised to collect delinquent non-tax debt by neutralizing federal payments and the

Wyden Tax Proposals & Reconciliation

TweetShareSharePin0 Shares Congressional lawmakers are putting together a reconciliation bill to enact much of President Biden’s Build Back Better agenda. Many lawmakers, however, want to make their own mark on the legislation. Senate Finance Committee Chair Ron Wyden (D-OR) has released his own proposals on a variety of tax issues that differ in some important

Innocent Spouses And The IRS

TweetShareSharePin0 SharesInnocent Spouses And The IRS Historically, tax issues arising from bad marriages fell into the category of “better or worse” for marriages. The IRS granted no innocent spouse tax relief, but has changed its views. Innocent Spouses And The IRS When a marriage has problems, finances are almost always one of the elements that

Wyden Mark-to-Market Bill | Wyden Financial Services Tax Proposals

TweetShareSharePin0 Shares Sen. Ron Wyden (D-OR) has introduced a series of proposals that may be considered in the budget reconciliation process, including two bills that would change the tax treatment of financial services: derivatives and carried interest. Notably, both proposals would enact “mark-to-market” taxation for derivatives and carried interest, which could be a precursor to

Will The Wealthy Pay Higher Taxes Sooner, Or Later… Or Never?

TweetShareSharePin0 Shares It’s increasingly unclear. The Wall Street Journal reports (paywall) that congressional Democrats may not have the votes to pass some of President Biden’s more ambitious efforts to rewrite the 2017 Tax Cuts and Jobs Act or otherwise raise taxes on the corporations and the wealthy. These include raising taxes on multinational corporations and
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com