According to the U.S. Bureau of Labor Statistics, inflation reached the lowest level in two years during the month of May. Despite this being the case, there are still certain consumer goods that remain expensive in today’s economy. Economists … Continue reading
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IRS Paper Problem Remains Prominent
National Taxpayer Advocate Erin Collins believes that despite the IRS improving drastically this tax season, there is still plenty of more work to be done in order for the agency to continue improving. During an AICPA conference, Erin Collins … Continue reading
Supreme Court Ruling Gives IRS Power to Access Private Tax Information
A recent Supreme Court ruling favoring the Internal Revenue Service gives the agency a lot more power than it had previously. The latest ruling now gives the IRS the power to access private information on the taxpayer, without the … Continue reading
U.S. Adds 339k Jobs in May – DSJ Breakdown
Despite it being another month of raised interest rates and inflation, the month of May was still a productive month for the United States when it comes to adding jobs to the economy. Employers rejoiced during the month … Continue reading
Accountant Gets Two Years in Prison For Filing False Tax Returns
A Jefferson City, Missouri tax preparer has been handed a prison sentence of over two years after he was convicted of filing false tax returns for himself and others. Josiah Mator Jr is a U.S. citizen who immigrated from Liberia … Continue reading
Ensuring a Healthy Workplace – DSJ Breakdown
During the ups and downs of life that we all go through, prioritizing mental and physical health is always on the agenda of many people. Something that many people can find difficult is prioritizing mental and physical health in the … Continue reading
Debt Ceiling Deal Will Cut IRS Funding
A bipartisan deal to raise the debt ceiling and impose spending caps has been made by the United States government. Part of this deal involves reallocating approximately $20 billion of the $80 billion of funding that the IRS was set … Continue reading
Coping With Work Related Stress – DSJ Breakdown
It is fair to say that every job comes with some work-related stress, regardless of what that particular job is or how much it pays. Everyone that has held a job at some point in their lives can most likely … Continue reading
Deal is Finally Made on U.S. Debt Ceiling
President Joe Biden and Republican House members have finally made a deal regarding the U.S. debt ceiling, after weeks of intense negotiations. Although Speaker McCarthy and the President have reached a deal, this does not mean the deal is set … Continue reading
IRS Resumes the Sending of Balance Due Notices
It has been reported that the Internal Revenue Service will begin sending out automated tax collection notices once again. These balance-due notices were paused from being sent out last year in order for the IRS to try and catch up … Continue reading