federal taxes Archive

TweetShareSharePin0 SharesJR Cigars: Offering You Better Choices Do you want to purchase cigars online? Do you want a reputable online retailer – one that offers quality cigars at affordable and reasonable prices? Did you ever consider buying from JR Cigars? Are you a veteran cigar smoker and likes to buy hand made cigars? Why don’t

TweetShareSharePin0 Shares Congressional Democrats are reported to be weighing a special tax on the assets of billionaires to raise revenues to pay for their Build Back Better spending plan. There are two fundamental challenges to such a plan. First, the incomes and wealth of such individuals are anything but stable; they rise and fall with

TweetShareSharePin0 SharesTop 5 Reasons to Buy a Hybrid Car 1. – Gas Savings – Hybrid cars can get up to 60 mpg (miles per gallon), due to their advanced aerodynamics, engine efficiency, tire technology (which is so different to the standard cars) just to mention some of its characteristics. 2. – Environmental Issues – Reduced

TweetShareSharePin0 SharesKnowing the Fundamentals – Bankruptcy Laws Bankruptcy laws generally protect distressed people and businesses that can no longer pay their creditors. In the United States, bankruptcy laws are placed under federal jurisdiction as stated in the United States Constitution (in Article1, Section8), allowing the Congress to enact “uniform laws on the subject of Bankruptcies

TweetShareSharePin0 Shares With corporate and individual rate hikes potentially out of the Build Back Better (BBB) reconciliation package, lawmakers are weighing alternative options to raise revenue. Rather than come up with complicated changes to the tax base, or untested proposals such as mark-to-market for billionaires, they should prioritize options that raise revenue while improving the

TweetShareSharePin0 Shares Senate Finance Committee Chairman Ron Wyden (D-OR) likes to say: “There are two tax codes in the United States: one for workers who pay taxes out of every paycheck and the other for high-fliers who use games and tricks to avoid their taxes.” He’s now proposing to add a third tax code, one for

TweetShareSharePin0 Shares US taxation of intellectual property (IP) is facing big changes. Starting next year, research and development (R&D) expenditures, now fully expensed (written off in the year in which they are acquired), must be capitalized and amortized over a period of 5 to 15 years. Additionally, President Biden would repeal a special tax deduction