Washington Post: “The Trump administration has stumbled in its initial push to implement the $2 trillion coronavirus aid package, with confusion and fear mounting among small businesses, workers and the newly unemployed since the bill was signed into law late last … [Read more...] about Rollout of Economic Relief Law Is a Mess….
IRS
IRS expects first stimulus checks to go out by April 13….
Those will probably go to 60 million people direct deposit ... Paper checks could start to go out by May.... Some won't see money till the summer... The payments were included in legislation designed to curb some of the economic damage caused by the coronavirus pandemic. … [Read more...] about IRS expects first stimulus checks to go out by April 13….
Here’s Some Information on those Stimulus checks that will be coming….
Summary.... The money is NOT taxable... Max amount is $1,200 for income of $75,000 or less $5 deducted from the $1,200 for every $100 over the #75k.... Please read the piece below from The Hill.... The Hill answered several frequently asked questions about the … [Read more...] about Here’s Some Information on those Stimulus checks that will be coming….
IRS will send people their stimulus checks electronically, paper checks and wants to send debit cards also….
Those who make up to $75,000 will reportedly get $1,200.... Those who make up to $99,000 a bit less.... The money will start flowing in a few weeks if Trump signs the bill this Friday.... The IRS wants to issue as many stimulus payments electronically as it … [Read more...] about IRS will send people their stimulus checks electronically, paper checks and wants to send debit cards also….
Federal Tax filing deadline still April 15…No penalties or interest due for filing up to 90 days afterwards…
You have to file to do so..... The government will need the money if Trump's wants to send people $1,000 checks and bail out corporations with that tax money also.... Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no … [Read more...] about Federal Tax filing deadline still April 15…No penalties or interest due for filing up to 90 days afterwards…
IRS whistleblower reports possible political tampering with Trump or Pence audits….
This the second whibsltblower case against Trumpworld revealed and there ARE sure to be more coming (leaking out) as we come closer to next years general elections... The view of Trumpworld just keeps getting worst... One would hope we don't get numb to all the political … [Read more...] about IRS whistleblower reports possible political tampering with Trump or Pence audits….
House Democrats want a copy of Trump’s tax returns by April 23rd…
Donald Trump has steadfastly refused to air them, something that EVERY modern day President HAS done.... While he says he doesn't have to because he's being audited? That doesn't hold any water.... By statue? Every President's tax returns are audited.... That has … [Read more...] about House Democrats want a copy of Trump’s tax returns by April 23rd…
Reports of Trump tax cuts costing average Americans MORE….
The Trump tax cut (???) rammed thru the Republican Congress at the end of 2017 has NOT turned out to be what the GOPer's said it would be.... It HAS turned out to be a TAX INCREASE for a LOT of Americans.... A transfer of wealth from middle class taxpayers to the wealthy … [Read more...] about Reports of Trump tax cuts costing average Americans MORE….