Supporters of US President Donald Trump, including Jake Angeli (C), a QAnon supporter known for his … [+] painted face and horned hat, enter the US Capitol on January 6, 2021, in Washington, DC. – Demonstrators breeched security and entered the Capitol as Congress debated the a 2020 presidential election Electoral Vote Certification. (Photo by
Taxes
President-elect Joe Biden is a mere six days from relocating to the Oval Office, and with Democrats holding majorities in both the House of Representatives and the Senate, any and all of the former Vice President’s proposals are now in play. WILMINGTON, DELAWARE – JANUARY 14: U.S. President-elect Joe Biden takes off his mask as
Economic Security Planning, Inc. Today’s column addresses questions about when Social Security will recognize recent high income, what happens to benefit checks received in the month a person passes away and how the Windfall Elimination Provision (WEP) can affect benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
We estimate that 33 of the 100 largest U.S. companies could be subject to President-elect Joe Biden’s proposed corporate minimum tax and pay a total extra tax of $20 billion annually if that proposal were enacted as stand-alone legislation. Because the president-elect has proposed other significant tax increases on U.S. corporations, the effect of the proposed
getty With all of the last minute changes to the Tax Code – and those stimulus check reconciliations – it was clear that the Internal Revenue Service (IRS) was going to have to make revisions to tax forms used to file 2020 tax returns (the tax returns that you’ll file in 2021). Most tax professionals