The Walt Disney Company has recently filed a lawsuit against Florida governor Ron DeSantis and other Florida state officials. DeSantis is being accused by the Disney company for “Government retaliation.” Disney has also accused the governor of violating its free … Continue reading
News & Articles
IRS Updates Cryptocurrency Guidance
The IRS has recently made updates to the initial 2014 guidelines they released regarding digital currencies. The revisions were made because some nations now consider Bitcoin as legal tender, and the IRS notice says that crypto is not legal … Continue reading
Bed Bath & Bankrupt
After several last-minute unsuccessful attempts to raise capital, Bed Bath & Beyond announced that they have filed for chapter 11 bankruptcy. All of the 480 company locations will soon begin to shut down as they are currently trying to … Continue reading
IRS to Hire More Accountants For Next Tax Season
In an effort to shift its focus to high-income taxpayers and corporations that don’t pay their taxes, the IRS announced they are looking to hire accountants, lawyers, and other professionals in the industry. Additionally, the IRS released … Continue reading
Twitter & the Blue Badge Removal
Last week, the social media platform Twitter announced they are going ahead with getting rid of their blue check verification badges. Before Twitter CEO Elon Musk took over, these verification badges were given to celebrities, politicians, professional athletes, influencers, and … Continue reading
IRS Saw Improvements This Tax Season
New IRS commissioner Danny Werfel had high praise for his agency as tax day wrapped up earlier this week. The Internal Revenue Service handled filing season a lot better than they have in the past, according to Werfel. The Commissioner … Continue reading
$1.5 Billion in Unclaimed Tax Refunds From 2019
According to the Internal Revenue Service, there is roughly $1.5 billion dollars in unclaimed tax refunds for 2019 tax returns. This money is currently waiting to be distributed to the approximately 1.5 million taxpayers who did not file a tax … Continue reading
The United States’ Most Expensive Cities
According to a report that was released by the financial information provider SmartAsset, taxpayers that live in three particular cities suffer the most when it comes time to pay taxes. These cities are New York City, Honolulu, and … Continue reading
Volkswagen Looking to Expand EV Production in USA
Due to the electric-vehicle incentives that came from the Inflation Reduction Act, Volkswagen is looking to increase its market share of electric vehicles (E.V.) in the United States. Furthermore, the top decision-makers at Volkswagen believe that these new EV incentives … Continue reading
Tax Relief for Tennessee Storm Victims
From late March into the beginning of April, certain areas of Tennessee endured some horrific weather that included tornadoes, extreme storm surges, and heavy winds. Due to the damage caused by these natural disasters, the IRS has decided to … Continue reading