Category: Today’s Tax Talk

The American Recue Plan passed in March 2020 requires cash apps like Venmo, PayPal and Zelle to report transactions over $600. Previously, the minimum reporting thresholds was payments that exceed $20,000, AND more than 200 … Continue reading $600 Cash App Reporting →

The Biden Administration has been advocating for the American Families Plan, the American Jobs Plan and the American Rescue Plan. Each of these plans have price tags in the Trillions of dollars. On this episode … Continue reading Biden’s American Families Plan →

Attorney Steven A. Leahy reviews the Cryptocurrency market using CoinFlip.tech’s Market Page. And reports on El Salvador Experiment. The first country in the world that made Bitcoin its legal tender, now has more citizens with … Continue reading Crypto Tuesday – El Salvador Experiment →

After 4 years of negotiations the Organisation for Economic Cooperation and Development (OECD) set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation. … Continue reading Global Tax Deal? →

Attorney David R. Schlueter joins us today to discuss Real Estate and Estate Planning law. Attorney Schlueter is a local attorney, with an office in Itasca. He has been practicing for more than 30 years. … Continue reading Attorney David R. Schlueter →

The IRS has been behind schedule since the COVID pandemic began. The IRS has been tasked with extra duties – stimulus checks, child tax credit payments, unemployment refund checks, math error increases, etc. While the … Continue reading Hey IRS – Answer The Phone! →

The Pandora Papers purport to reveal “secret tax havens of the wealthy.” They gathered this information from the tax returns which were illegally leaked. Where did the tax returns come from? The IRS? Hackers? No … Continue reading Pandora IRS Propaganda? →

El Salvador recently made Bitcoin legal currency – and vowed to create an industry of Crypto Mining in the country. Now, El Salvador has started Green Mining using the power generated by Geothermal generators, using … Continue reading El Salvador Crypto Erupts →

Biden’s Build Back Better Plan does not call for a Mileage tax – Yet. The plan does, however, create the National Motor Vehicle Per-Mile User Fee Pilot which is “a program to test the feasibility … Continue reading Mileage Tracking Tax? →

Attorney Tomei has worked on behalf of his clients in a number of different contexts, both in civil matters and in criminal matters. He has also managed trials, where he has both defended and prosecuted … Continue reading Attorney Robert Tomei →