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Inflation – Basic Breakdown

Inflation, at one point or another, has been something every American has had to deal with for a number of years. Simply put, inflation is when the general price of goods and services goes up across the economy, reducing the … Continue reading

 

New Crypto Law Could land regular investors in jail

Cryptocurrency as a whole lately, has taken a massive hit in recent months. This is bad news for most crypto investors, but shortly, some could be in way worse shape than originally thought. A lesser-known law was passed last November … Continue reading

 

Housing Prices Remain High, Biden Administration Looking to Cut Them Down

Over the past two years, Americans who are looking to purchase a home have been experiencing an extremely expensive housing market. These elevated prices are ultimately causing apartment and home sales across every U.S. city to decrease dramatically.  In … Continue reading

 

The Top Tax Scams of 2022 – IRS makes the “Dirty Dozen” List

Unfortunately every tax season there is a plethora of scams and other plots against the beloved Internal Revenue Service. 2022 saw the classic schemes that are well known such as email scams or people simply neglecting to file their tax … Continue reading

 

Sports Wagering Revenue Tops $300m in New York, Where is the money going?

Sports wagering across America has become increasingly popular for a lot of Americans recently. Over the last few years, we have seen more and more states legalize online sports wagering, with more states in line to do the same. It … Continue reading

 

Humans of DSJ – Margaret Teelucksingh

“Bad times make good people, as mountainous pressure makes diamonds or as fire tempers steel.” – Peter Kreeft

While this is not Margaret Teelucksingh’s favorite quote, while interviewing her, I immediately thought of this after hearing all she had to … Continue reading

 

Taxes on What You Earn

There are a seemingly endless amount of taxes the government takes out of your income. However, that isn’t the only thing you are taxed on by the government. Many variables can be taxed depending on what you earn and how … Continue reading

 

Powerball’s $366.7 million Jackpot Was Hit – Tax Bill On It

Whoever is holding the ticket for Powerball’s $366.7 million jackpot will have to share!  Even though there was only a single winner of this recent drawing, the winner will for sure be paying out the IRS.Continue reading

 

Supreme Court to Settle FBAR Penalty Controversy

Bittner v. U.S. has been scheduled onto the Supreme Court’s fall calendar, which will be crucial in resolving the Fifth Circuit and Ninth Circuit split on the penalty of violating FBAR A.K.A. Foreign Bank and Financial Accounts Reporting filing requirements.… Continue reading

 

IRS to Implement New Fingerprint Process for E-file

Starting September 25th of this year, the Internal Revenue Service is switching to a new process of collecting fingerprints when it comes to E-file applications for tax practitioners. They will be implementing an electronic process that will require tax … Continue reading