A bill to strip Disney of its special tax status was passed last week by the Florida House of Representatives shortly after the Senate approved it 23-16. This stems from the battle Disney has been having with the Florida Governor … Continue reading
News & Articles
US Job Markets – The Best Cities to Find Employment
The job sector of the US economy was able to recover despite the pandemic that it has been facing for over two years. There have been dramatic increases in employment in fields such as healthcare, technology, construction, and more. Total … Continue reading
Russia Attempting to Evade U.S. Sanctions – Treasury Department Cracking Down
In the last week, we have seen an increased effort in the US Treasury Department’s attempt to combat Russia’s evasion of sanctions imposed on them. Sanctions were announced during a meeting of 20 nations which included representatives from both the … Continue reading
IRS Hiring Thousands – Delays on Paper Returns Still Expected
As the 2021 filing season has come to an end, the IRS is still on a mission to hire more employees to combat the backlog of paper returns. Although this is the case, the IRS commissioner is still warning of … Continue reading
Married Filers Get Better Tax Benefits
When agreeing to marry the one you love your first thought may not be how it will affect your taxes (at least we hope not)! However, after tying the knot, there are several potential benefits you may be able to … Continue reading
SALT Deduction Cap Challenge – DENIED!
This past Monday, the Supreme Court declined to review a challenge on the $10,000 ceiling imposed on the state and local tax (SALT) deduction. The SALT deduction cap was one of the most controversial provisions made in the 2017 tax … Continue reading
DSJ Tax Team Offseason – What Now?
Now that the April 18th deadline is among us, tax season is going to start winding down. Like athletes in their offseason, the period after the deadline for tax professionals is very similar. Most tax pros gave it … Continue reading
IRS Letter 6501 – Qualified Opportunity Funds
At the beginning of April, the IRS announced that they will be sending a letter to people who need to take action related to Qualified Opportunity Funds (QOFs). If a taxpayer decided to attach Form 8996 QOF to their tax … Continue reading
Student Loan Moratorium Extended Through End of August
President Biden recently announced the federal pause on student loan payments will be extended until the end of August. Officials of the Biden Administration have been weighing this idea for several months now, struggling with deciding if they should extend … Continue reading
Tax Filing Deadline – 5 Common Tax Refund Myths
As the deadline to file tax returns is finally among us, there are some new and some familiar myths circulating regarding refund details and the speeding up of tax refunds. As DSJ gets prepared for next year, let’s take a … Continue reading