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Pluses of filing early; shutdown fallout; CAF problems; and other highlights from our favorite tax bloggers. Sense of security? Liberty Tax (http://www.libertytax.com/tax-lounge): What to tell them about the pluses of filing early, from possibly avoiding fraud or ID theft to knowing exactly what you do or don’t owe. The Income Tax School (http://www.theincometaxschool.com/blog/): And remember,
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Busted; ‘an undercover agent or anything;’ dastardly deeds; and other highlights of recent tax cases. Milwaukee: Health care exec Latoya N. Joseph has been sentenced to eight months in prison and six months of home confinement for tax evasion. Joseph was owner and operator of Jannah Home Health Care, which provided personal care primarily to
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Tony Hsieh, former CEO of Zappos.com Bloomberg | Bloomberg | Getty Images Former Zappos CEO Tony Hsieh, who died last week from injuries sustained in a house fire, did not leave behind a will, according to published reports. Hsieh, who retired in August from the shoe and clothing online retailer, succumbed to complications from smoke
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With fewer than 10 days until government funding runs out, congressional lawmakers are down to the wire to fund the government and provide additional pandemic-related relief to the households and businesses trying to make it through the winter. This week, both Senate Majority Leader Mitch McConnell (R-KY) and a bipartisan group of lawmakers released new
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The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season. They include moving the question about virtual currency from the attached Schedule 1 to near the top of the main form, right under the name and address,
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The House of Representatives approved legislation that could ultimately lead to Chinese companies — including behemoths like Alibaba Group Holding Ltd. and Baidu Inc. — getting kicked off American stock exchanges if U.S. regulators aren’t allowed to review their financial audits. The legislation won bipartisan support in the House after easily clearing the Senate back
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Walter Williams, who taught millions of people economics throughout his long career, has died. He was the author of over 150 publications and a syndicated columnist, writing on many topics including tax, and often cited our research. He was a professor of economics at George Mason University, and I attended his microeconomics class nearly 20
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