21 DAYS UNTIL BOOK SHIPS! PREORDER NOW -> Small businesses make up the fastest going segment of federal income tax return filers. The number grows by millions every year as more people look for ways

According to the Taxpayer Bill of Rights, number one on the list of the ten enumerated rights is the “right to be informed.” Taxpayers have a fundamental right to know what the law is and what they must

MN Democrat Rep. Laurie Halverson introduced a bill in the State House to create a whole new bureaucracy—and a payroll tax to fund it. The bill is H.F. 5. It would birth a state-run program to pay up to

Why work harder? Democrats are lining up to give away as much of your money as possible. Senator Sherrod Brown (D-OH) and Reps. Bonnie Watson Coleman (D-NJ) and Ro Khanna (D-CA) introduced The Cost of

According to the U.S. Dept. of Treasury, the current national debt is north of $22 trillion. It seems that Democrats in MN are determined to do everything they can to catch up. In addition to his plan

If you paid less tax, you will get less refund.

The Green New Deal Resolution calls for the government, over the next ten years, to upgrade “all existing buildings in the United States and building new buildings to achieve maximum energy efficiency,

Introducing: The US Department Of Home Safety, Affordability and Comfort. The “Green New Deal” Resolution promises federal government intervention into our lives at an unprecedented level. One element

What will be the backlog of mail for the IRS when they return to work? There’s no way to know but as I’ve said in previous posts, the government shut down does not operate as an extension of any statutory

Does your business have an Internet presence? Do you sell products to out-of-state buyers? Beware! The SCOTUS changed the rules on state sales tax limitations and you better pay attention. For decades

The SCOTUS issued a decision that blew open the flood gates holding back state sales tax laws. The decision is South Dakota v. Wayfair. It’s about the rights of states to collect taxes on sales by out-of-state

Is that really efficient? The IRS boasts that it’s the most efficient U.S. government agency because it spends only about 35 cents for every $100 of tax collected. That seems remarkably efficient, but

IRS refuses to follow the law In 2015, Congress adopted the Taxpayer Bill of Rights (TBOR) as part of the tax code. Congress also affirmatively required the IRS Commissioner to ensure that IRS employees

I’m asked repeatedly whether it’s true that the tax cuts will cause deficits. The short answer is no. Here’s why. First, it is a well-settled principal that you don’t raise revenue by raising tax rates.

As you hopefully know, the 2018 Tax Cuts Act ELIMINATED ALL deductions for “Business Entertainment expenses.” Several years ago, the IRS lumped-together “Business Meals” and “Business Entertainment” into

“Tax Reform 2.0” passed the U.S. House last week. The bill would make permanent the individual tax breaks in the Tax Cuts and Jobs Act. All cuts expire in 2025, including the 20% deduction for small

How to measure “simple” You have to go back to the Tax Reform Act of 1986 to find more sweeping changes to the tax law than what the Tax Cuts and Jobs Act gave us. After the 1986 Act was passed, the IRS