Putin’s requirement that its “enemies” purchase Russian energy with rubles is of no economic consequences for the ruble or anything else. NATO will reject this symbolic diktat, effectively imposing a ban on Russian energy — NATO’s unused economic sanction. Putin is again shooting Russia in the head. Is Putin an evil genius as everyone believes?
Taxes
Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund. The IRS even issued a press release cautioning taxpayers not to count on getting a refund by a certain date, especially when
The Second Circuit decision in Laurence Gluck”s appeal of a Tax Court decision has some important lessons, about like-kind exchanges, partnership taxation and Tax Court jurisdiction. With a deficiency over $1.5 million, it seems like a pretty big deal. Based on this CUNY TV interview with Mr. Gluck a year before the 1031 deal, it
The Oscars may be over, but the repercussions of the slap may not be over for quite some time. Will the Academy take disciplinary action against Will Smith? Will Chris Rock change his mind and press charges? Might he even sue Will Smith? Lawsuits have been filed for less, and more than a few plaintiffs
This segment of What’s Ahead lays out how stunningly unrelated President Biden’s proposed budget is to the real needs of the U.S. economy and how reckless it is for our defense necessities in an ever more menacing world. For example, the Navy says we would need 500 ships to counter China’s navy in a conflict.