Over the summer, New York Governor Kathy Hochul and state lawmakers agreed to a suspension of New York State’s gas tax amid the rapidly increasing prices. This holiday saved residents about 17 cents per gallon at the time. However, with … Continue reading
News & Articles
Report: New York Has Largest Income Gap in the Country
The Institute on Taxation and Economic Policy released a report this month that the state of New York is home to the highest concentration of wealth, and has the largest gap between rich and poor in the United States. The … Continue reading
Global Corporate Tax Rates Stabilizing – Faced Decades of Decline
According to a recent report that was released by the Organization for Economic Co-operation and Development (OECD), Corporate tax rates are beginning to stabilize after decades of being on the decline. For years upon years, we have seen governments … Continue reading
IRS Amping Up Its Battle Against Tax Cheats
Wealthy Americans who choose to cheat on their taxes are facing the biggest threat from the IRS that they have seen in years. In recent weeks, we have seen increased efforts by certain members of Congress to put a stop … Continue reading
Behind the FTX Collapse, U.S Prosecutors Taking Aim
FTX is an online trading company that allows you to buy, sell, and store Bitcoin, Ethereum, and many other cryptocurrencies and digital assets. The company’s offshore status and its willingness to keep American traders off its Bahama-based exchange successfully shielded … Continue reading
Crypto Crash; Investors May Need to Act Fast to Reduce Tax Bill
It has been a bad week for cryptocurrencies following the collapse of the offshore exchange FTX. The recent decline in bitcoin in 2022 must-have caused many crypto investors to give up on digital assets, at least for the time being. … Continue reading
IRS Still Working On Millions of Unprocessed Tax Returns
In the Internal Revenue Service’s latest update on the status of its mission-critical operations during COVID-19, they reported that they still have 4.4 million unprocessed returns filed as of October 28th. This includes late filed returns from the … Continue reading
Inflation Calming Down – October Numbers Better Than Anticipated
According to a report that was released earlier in November, the Consumer Price Index had a total rise of 7.7% for the year ending in October. This may be a relieving sign for Americans that have been suffering the consequences … Continue reading
Didn’t Receive the 2022 New York Stimulus Check? Here’s Why
Almost 2 million New York residents were eligible for a relief check from the state’s Department of Taxation and Finance in October, however, many residents are still waiting for their checks. The state began mailing the $270 checks on October … Continue reading
Tax the Rich Movement – Fails in California But Passes in Massachusetts
A measure was recently voted through in Massachusetts that is ultimately a measure that raises taxes on the States’ millionaires. There was an intense duel between the state’s unions and wealthy individuals, but the measure to raise the taxes on … Continue reading