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federal taxes Archive

Republican Cannabis Bill Would Tax by Category: States Reform Act

TweetShareSharePin0 Shares Today, Representative Nancy Mace (R-SC) released the States Reform Act, which would deschedule, regulate, and tax cannabis products with a novel federal excise tax design—based on quantities and predefined categories, not dissimilar from how the federal government taxes alcohol and tobacco. Rep. Mace’s bill would impose a tax of 3 percent on the

Schedule Shake Up Shifts Senate’s Spending Bill Vote

TweetShareSharePin0 Shares House Democrats hope to vote on Build Back Better this week.  The House is still awaiting final cost estimates for the latest version of the social spending and tax bill. Because the House still is scrambling to pass the measure, the Senate will delay its consideration that had been scheduled for this week.

Audit Advice That You Need

TweetShareSharePin0 SharesAudit Advice That You Need Oh no! You need audit advice. You just received in the mail a notification that you are going to be audited by the IRS. What now? How do you respond to this and should you be having a heart attack now? While many people lose it as soon as

5 Major Reasons Why You Should Buy a Home Instead of Rent

TweetShareSharePin0 Shares5 Major Reasons Why You Should Buy a Home Instead of Rent There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages. About 10 year ago a had a retired aunt and uncle who rented a condo in Las Vegas. Uncle

How Does Bankruptcy Work?

TweetShareSharePin0 SharesHow Does Bankruptcy Work? Of course, bankruptcy is your last resort. It is tough but provides a legal remedy for your financial situation. Bankruptcy is a 3-step process: You must first file in federal or state court saying you are “insolvent” – meaning you have no cash or assets (things you can sell) to

Real Estate Lingo for The Newbie

TweetShareSharePin0 SharesReal Estate Lingo for The Newbie In today’s real estate market there is a lot of uncertainty. The sub-prime mortgage crisis is the buzz word phrase that has a lot of people talking. One lesson that can be learned from this situation, is that it is so important for prospective homeowners to know what

Finding Small Business Grants

TweetShareSharePin0 SharesFinding Small Business Grants Poor financing is the number two reason small businesses fail, falling right behind poor management. Sufficient funding is paramount to the success of small businesses, and small business grants can be the answer to the problem. If business owners have the necessary knowledge about how to find and properly request

Car Donation: Charity With Clarity

TweetShareSharePin0 SharesCar Donation: Charity With Clarity A search about how to donate an old car will yield thousands, if not millions of results. All of them claiming how easy it is donate an automobile, so easy that all you have to do is pick up the phone and they’ll be at your door, tow truck

Why Own a Home Instead of Rent?

TweetShareSharePin0 SharesWhy Own a Home Instead of Rent? There are times when it is better for a person to rent, but most often home ownership has many more benefits and advantages. About 10 year ago a had a retired aunt and uncle who rented a condo in Las Vegas. Uncle Jim (not his real name,

Student Loan Default – A Serious Situation That Could Ruin Your Credit

TweetShareSharePin0 Shares Student Loan Default – A Serious Situation That Could Ruin Your Credit Student Loan Default – A Serious Situation That Could Ruin Your Credit Did you know that to the federal government, defaulting on your student loans is considered almost as serious as not paying your taxes? In today’s worrying economic climate, many
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