Category: Federal

June 5, 2020

Investors who were sitting on the sidelines during coronavirus will get some more time to partake in a new tax play. Qualified opportunity funds were created by the Tax Cuts and Jobs Act of 2017. They offer taxpayers an incentive […]

June 4, 2020

Another 1.9 million Americans filed initial unemployment claims the week ending May 30, according to the U.S. Department of Labor. Since the start of the coronavirus shutdowns, a staggering 42.6 million jobless claims have been filed—greater than the combined population […]

June 3, 2020

Americans have received more than $267 billion in rescue payments from the government in an effort to pull the economy through the coronavirus crisis, the Treasury Department said Wednesday. The department said 159 million Economic Impact Payments have been made […]

June 2, 2020

The Trump administration said on Tuesday that it would open an investigation into taxes on digital commerce that have been adopted or proposed in nine countries and the European Union, escalating a global battle that will affect where big American […]

May 29, 2020

President Trump today said the US government is “terminating our relationship” with the World Health Organization, alleging that the global health group has not implemented needed reforms and that it is controlled entirely by China. “China has total control over […]

May 27, 2020

A senior Democratic congressman on Tuesday called for a watchdog probe into a $3 million Indian Health Service contract given to a former White House official to provide masks to Navajo Nation hospitals hit hard by the coronavirus. ProPublica reported […]

May 27, 2020

The Defense Department is easing its global travel restrictions and laying out guidelines for reopening the Pentagon in preparation to “return to normal operations,” officials announced on Tuesday. Defense Secretary Mark Esper has lifted a blanket restriction on travel put […]

May 22, 2020

The hustle and bustle of tourists along the Las Vegas Strip has been replaced by shuttered hotels, shops, and casinos. The damage to U.S. tourism is so great that Nevada now leads the entire nation with a 28.2% unemployment rate […]

May 20, 2020

Small businesses have waited—and waited. On Friday, the Small Business Administration and the Treasury finally released the PPP forgiveness application, an 11-page document with details that answered, and stirred, questions for small businesses and the CPAs and lawyers advising them. […]

May 19, 2020

Democrats in the US House of Representatives passed a massive new coronavirus relief package last week, a $3 trillion bill that, among other things, appropriates money for another round of direct stimulus payments. That would follow the initial round of […]